Subway was struggling. Here's what it had to change to fight back | CNN Business

Subway is the largest restaurant chain in the US and one of the most recognizable fast food brands in the world. But in recent years, it has struggled. Thousands of Subway stores have closed since 2016. The company has had to coax back eaters who switched allegiances to fast-growing rivals like Firehouse Subs and Jersey Mike’s. Sales grew sluggish. It didn’t help that perhaps the company’s best-known product, the $5 footlong, generally didn’t turn a profit.

That was tough year for Subway because for the first time in the company’s history, it closed more US stores than it opened the year before. In 2017, Subway debuted a new, more modern look for its locations featuring brighter lighting, sleeker furniture and displays of vegetables behind employees, a visual cue to emphasize the chain’s focus on freshness. It also added ordering kiosks with modernized payment options, like Apple Pay.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Mission: Ahead | CNN BusinessTheir mission: Tackle the world’s biggest problems. The outcome: Solutions you have to see to believe.
Source: CNN - 🏆 4. / 95 Read more »

Threads explained: The Twitter rival that pits Meta's Mark Zuckerberg against Elon Musk | CNN BusinessFacebook-parent Meta officially launched its Twitter competitor, Threads, after first confirming its plans for the app just three months ago. Here's everything we know so far.
Source: cnni - 🏆 326. / 59 Read more »

Japan's largest port hit with ransomware attack | CNN BusinessJapan’s busiest shipping port said Thursday it would resume operations after a ransomware attack prevented the port from receiving shipping containers for two days.
Source: cnni - 🏆 326. / 59 Read more »

US job openings dropped below 10 million in May | CNN BusinessThe number of available jobs in the United States dropped in May after an uptick the month before, the Bureau of Labor Statistics reported Thursday.
Source: CNN - 🏆 4. / 95 Read more »

VW to test self-driving tech in retro-styled electric Microbuses | CNN BusinessTen self-driving electric Volkswagen buses will soon cruise the streets of Austin, Texas, testing autonomous driving technology. The automaker said it plans to launch commercial services in Austin by 2026.
Source: cnni - 🏆 326. / 59 Read more »

Mortgage rates jump to 6.81%, their highest level this year | CNN BusinessUS mortgage rates jumped up this week as recent economic data showed inflation remains sticky and the job market is still red hot.
Source: CNN - 🏆 4. / 95 Read more »