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Another major hurdle for Subway is it its dwindling store count: The chain closed more than 400 restaurants in the US in 2023, finishing the year with its fewest (20,133) since 2005.
You can now score sandwich savings by the foot. On Aug. 23, Subway announced a new deal: Starting Aug. 26 through Sept. 8, customers can order any footlong sub on Subway’s menu for $6.99. That ...
Businesses then raise their prices to keep up with increasing labor costs. In 2021, built-in inflation soared as stimulus-flush workers flexed their newly acquired leverage in what came to be ...
An estimate, made on July 24 using an existing UIUC model of COVID-19 dynamics in Illinois, [213] projected forward to mid-August to estimate of the percentage of infected people within the state of Illinois in mid-August: 0.44%. Based on this, the detection of roughly 200 positive infections was anticipated during entrance screening, with 95% ...
On April 30, 2024, Roark officially acquired Subway after the FTC determined that Roark did not have an unfair advantage. [44] On March 19, 2024, Subway signed a 10-year deal with PepsiCo that begins on January 1, 2025, ending the restaurant chain's partnership with The Coca-Cola Company that was first signed in 2003 and went into effect in 2005.
"The Covid-19 pandemic has forced us to accelerate a restructuring plan for which we had been preparing," Marcus told TODAY via email. Subway lays off 150 employees amid ongoing COVID-19 pandemic ...
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Subway shuttered a net total of 443 locations in the United States last year, QSR Magazine reported. That's notably fewer closures than the 571 it netted in 2022 and 1,043 in 2021.