The privately held company confirmed the number of net closures to CNN Business, but did not disclose the number of openings. Subway said they will update more than 10,500 stores by the end of 2020. Applebee’s, TGI Fridays, Taco Bell, and Pizza Hut are closing restaurants, too. The last time Subway had so few restaurants was back in 2011, and this is the first time they have had fewer than 25,000 restaurants since. Everything we do has to achieve these goals," a Subway spokesperson said in a statement. In the heart of Manhattan, national chains including J.C. Penney, Kate Spade, Subway and Le Pain Quotidien have shuttered branches for good. Food trends come and go, but good fast food is a staple in the American diet. The chain currently has close to 26,000 locations in the U.S. As consumer tastes change, fast-food and quick-serve restaurants have struggled to keep up. This is what the first locations of 8 famous fast-food restaurants looked like. All rights reserved. So it's rapidly downsizing. So it's rapidly downsizing. Subway has 24,798 restaurants in the U.S., the company said, or 1,110 fewer locations than it had a year ago. Morningstar: Copyright 2018 Morningstar, Inc. All Rights Reserved. Despite all these closures, Subway is still the largest fast-food chain in America. It … In 2016, the sandwich chain closed more U.S. locations (359) than it opened. Like its fast food rivals, Subway is aggressively redesigning its stores to adapt to the future. "Our main goals are to drive guest traffic and grow franchise owner profits. Subway closed more than 1,000 restaurants in the United States last year —, The company's net closures include new Subway stores that it opened last year, which means the number of closed Subways is even larger than the company is letting on. Here are 12 more fast-food scandals that rocked the industry. However, one fast-food chain isn’t having much success lately: Subway. These are the 15 oldest restaurant chains in America. We are no longer supporting IE (Internet Explorer), 12 more fast-food scandals that rocked the industry, what the first locations of 8 famous fast-food restaurants looked like, the 15 oldest restaurant chains in America, Do Not Sell My Personal Information – CA Residents. And only a little over a month into 2020, they’ve already closed a few locations. Subway, the world's largest fast-food chain, is struggling to adapt to more health-conscious, tech-savvy customers. We are no longer supporting IE (Internet Explorer) as we strive to provide site experiences for browsers that support new web standards and security practices. “As part of the optimization plan we shared last year, to achieve this goal some owners will close, relocate, or remodel their locations and that will result in slightly fewer, but more profitable restaurants,” the spokesman said. Subway said they will update more than 10,500 stores by the end of 2020. Subway said it would remodel or relocate many of the stores it plans to keep open. We recommend our users to update the browser. The committee represents the first deliberate effort on the part of Subway to directly intercede in franchisees’ store closures. were earlier reported by the New York Post, Panera completely revised its breakfast options. Subway has roughly 24,000 stores in the United States. Factset: FactSet Research Systems Inc.2018. Disclaimer. Use the store locator to find the closest SUBWAY® locations and plan where you are getting your next meal! Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Subway franchisees will now have to take additional steps before closing their stores in an apparent bid by the restaurant chain to prolong the process and delay the rate of closings… Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors.
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