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20 Restaurants And Chains That May Close In 2020

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Subway

Source: https://cdn.britannica.com

When Subway opened in the early 2000s, it was considered by many to be the healthy fast food alternative thanks to the “Eat Fresh” campaign. The chain has more locations than McDonald’s, their website shows over 24,000 stores in the US alone. But sadly it has closed a lot of them in recent years. In 2016, the company closed down 359 locations in the US, and another 909 in 2017. Another couple of thousand stores have closed since then, and they continue to experience a decline of 25%, and are desperate to recover. But what was the cause of the decline and closures? It seems that the “Eat Fresh” campaign suddenly translated to “Eats Not Fresh”, with many customers complaining. Intense competition from rivals have also dented their sales and customer retention. Yey they are trying to stop the carnage, they have overhauled their management team, started a delivery service, even redesigned their logo. But, once the impression turns negative, it is difficult to recuperate. We wish them luck though.

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