Fast food sandwich chain Subway expects to close about 500 stores in North America this year. All Subway stores are franchise owned, rather than owned by the company. Subway's store count shrinks for first time in company's historyStore closings are new for Subway. The privately held company has yet to disclose its 2017 store count, but there were reports of hundreds of store closings. But that hasn't been the case for fast food, where there is virtually no competition from online competitors.

Source: CNN April 25, 2018 21:11 UTC