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    SUBWAY CLOSING 500 STORES

    Subway has 44,000 locations globally which is higher than any other retailer. The National Retail Federation put its US store count at nearly 27,000 as of 2016, compared to 17,500 for Yum Brands(YUM), which runs Pizza Hut, Taco Bell and KFC, and the 14,000 locations for McDonald’s (MCD).

    The company is rolling out a revitalization plan, announced last summer, that will require franchise owners to invest more in their operations. All Subway stores are franchise owned, rather than owned by the company. The plans to revamp locations include adding self-service kiosks, more comfortable seating and Wi-Fi and USB charging ports. In February, Subway also announced plans for a loyalty program to win back customers and stem slumping sales.

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    “Looking out over the next decade, we anticipate having a slightly smaller, but more profitable footprint in North America and a significantly larger footprint in the rest of the world,” the company said on Wednesday.






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