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Subway lost more than 1,000 US locations last year, filings reveal
A ad campaign drew complaints from franchisees last year over the hire of soccer star Megan Rapinoe, whose perceived anti-American views reportedly rubbed some customers the wrong way.
(New York Post) Subway is still the nation’s biggest fast-food chain — but its lead keeps getting smaller.
The struggling sandwich giant — which has lately tussled with franchisees over controversial ad campaigns and allegations of corrupt regional managers — shuttered 1,043 more outlets across the US than it opened in 2021, according to public filings this week.
The dip — which shrank Subway’s total footprint by nearly five percent to 21,147 locations — wasn’t as steep the net loss of 1,609 US restaurants Subway suffered in 2020. But it was worse than the 999 it lost in 2019 before the coronavirus hit, according to federal disclosures filed by the company…Read the rest at the New York Post