This Fast-Food Chain Is Closing More Locations Than Any Other Restaurant
Hint: They don't sell french fries.
Food trends come and go, but good fast food is a staple in the American diet. Although it’s well-known as the less-healthy option, people still enjoy their burgers, fries and shakes. However, one fast-food chain isn’t having much success lately: Subway.
The chain sandwich shop closed more stores than it opened in 2016, closed another 900 plus stores in 2017 and over 1,000 in 2018 and 2019. And only a little over a month into 2020, they’ve already closed a few locations. 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. You won’t find these European fast-food spots in America, yet.
Subway spokespeople said the company is focusing on restaurant optimization and having locations in the most profitable areas. That’s why the company also expects to add more than 1,000 new locations worldwide, including in Mexico, the United Kingdom, China and India, while closing down others. “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 isn’t the only fast-food restaurant closing down locations. Applebee’s, TGI Fridays, Starbucks, Taco Bell and Pizza Hut are closing, too. Despite all these closures, Subway is still the largest fast-food chain in America. It even beat out runner-ups Starbucks and McDonald’s which both still have fewer locations than Subway. One way McDonald’s does have Subway beat, though, is in its age. These are the oldest restaurant chains in America.