• Bloomberg reports that Subway has as goal of closing more than 500 franchised locations this year, following the closures of more than 800 stores during 2017. At the same time, the story says, the sandwich chain plans to open more than 1,000 new locations outside North America.
CEO Susanne Greco says that store count has become less important to the company than “growing the business.”
“We want to be sure that we have the best location,” she says. “We focused in the past on restaurant count. We're focused now on strengthening market share.”
• The National Retail Federation (NRF) says that consumers are expected to spend almost $23.1 billion on Mother’s Day this year, which would be close to a record; NRF says that 86 percent of Americans will celebrate the holiday and spend an average of $180 per person.
CEO Susanne Greco says that store count has become less important to the company than “growing the business.”
“We want to be sure that we have the best location,” she says. “We focused in the past on restaurant count. We're focused now on strengthening market share.”
• The National Retail Federation (NRF) says that consumers are expected to spend almost $23.1 billion on Mother’s Day this year, which would be close to a record; NRF says that 86 percent of Americans will celebrate the holiday and spend an average of $180 per person.
- KC's View:
