American fast food chain Subway is reportedly planning to shut down around 500 additional stores in the US this year.

The company closed 800 stores in the country last year, reducing its store count to 25,908.

Bloomberg reported that the closures are part of the restaurant’s plans to expand footprint internationally by opening around 1,000 stores across the world.

The move by Subway follows the announcement last year about plans to renovate its stores and insisting franchise owners to invest more into operations in the US.

Subway chief executive officer Suzanne Greco was quoted by the news agency as saying: “We want to be sure that we have the best location.

“We focused in the past on restaurant count. We’re focused now on strengthening market share. Store count isn’t everything. It’s about growing the business.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In March this year, Subway introduced Subway MyWay Rewards loyalty programme offering rewards and deals to customers that can be redeemed at approximately 28,500 participating restaurants in the US.

As part of the programme, the company is offering more than 37 million sandwich and salad combinations accessible to customers.

Headquartered in Milford, Connecticut, Subway currently offers made-to-order sandwiches, subs, soups, and salads at more than 44,000 restaurants in 112 countries.

The restaurant chain currently also offers delivery service through its online website, and the Subway app available in select markets.