Subway, the world’s largest restaurant chain, says it plans to close about 500 U.S. stores this year as it opens 1,000 locations worldwide. (Brent Lewin/Bloomberg News)Subway Restaurants, home of the ubiquitous $5 footlong, plans to shutter hundreds of U.S. stores as consumers lose their appetite for lunch meats. [The rise and fall of Subway, the world’s biggest food chain]But in recent years, the company’s recipe for success has faltered. In January, Subway invested $25 million in a re-branding campaign aimed at boosting sales at its stores. Subway is focusing on building up its international presence by opening 1,000 stores in countries like India, China, Germany and Mexico.

Source: Washington Post April 26, 2018 20:42 UTC