Franchisees closed 2.7% of Subway’s sandwich shops in the U.S. last year, squeezing its royalties and fees
Subway, which is exploring a potential $10-billion sale, further shrank last year in the United States as franchisees closed 2.7 per cent of the brand’s sandwich shops, squeezing its royalties and fees.
Subway has closed thousands of U.S. locations in recent years due to overexpansion, outdated operations and decor, stale menus and $5 footlong deals that eroded franchisees’ profits. “We have spent the past two years optimizing our footprint by using a strategic, data-driven approach to ensure restaurants are in the right location, image and format,” Subway said in a statement. “This includes opening new locations, with quality remaining a top priority, relocating restaurants to maximize guest traffic and closing locations when needed.”
At the end of 2022, Subway had 20,576 shops in the United States. That is a sharp declined from 2016, when it had 26,772. It has roughly 37,000 total locations globally.
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