According to Abha Bhattarai of The Washington Post, this was a result of three consecutive years of falling profits and a 25 percent reduction in foot traffic in Subway stores since 2012. In April 2018, the chain announced it would close about 500 more that year. In 2017, the chain closed more than 800 of its U.S. A Subway outlet in Kajang, Malaysia, located next to Domino's Pizza Features include self-order kiosks USB charging ports at tables and new menu items, including additional condiments, and bread made without gluten. In July 2017, Subway unveiled redesigned restaurants, dubbed "Fresh Forward", with a new company logo. Interior of a Subway franchise in Huntington, Virginia designed in the new style However, with 26,744 locations, it remained the most ubiquitous restaurant chain in the U.S. In 2016, Subway closed hundreds of restaurants in the U.S., experiencing a net loss in locations for the first time. Subway reached a peak of 27,129 US locations on January 1, 2016, but has since shrunk year after year, declining 22 percent by the end of 2021. Her brother Fred DeLuca, the company's first CEO, had been ill for two years and died of leukemia in September 2015. In January 2015, Suzanne Greco became president and CEO. Subway restaurant in Stanhope, New Jersey (2018) At the end of 2010, Subway became the largest fast food chain worldwide, with 33,749 restaurants – 1,012 more than McDonald's. 3 on the "Top Global Franchises" list, and #1 as the "Fastest Growing Franchise". Since 2007, Subway has consistently ranked in the Entrepreneur Franchise 500. In 2004 Subway began opening stores in Walmart supercenters, and surpassed the number of McDonald's locations inside U.S. The first Subway in the United Kingdom was opened in Brighton in 1996. The first Subway outside of North America opened in Bahrain in December 1984. The first Subway on the West Coast was opened in Fresno, California, in 1978. Subway restaurant in Pittsfield Township, Michigan (2011) In 1974, a franchise operation began with a restaurant in Wallingford, Connecticut. In 1968, the sandwich shop was renamed "Subway". The holding company derives its name from DeLuca's goal to earn enough from the business to pay tuition for medical school, as well as Buck's having a doctorate in physics. to oversee operations of the restaurants as the franchise expanded.
In 1965, Fred DeLuca borrowed $1,000 from friend Peter Buck to start "Pete's Drive-In: Super Submarines" at 3851 Main Street in Bridgeport, Connecticut, and in the following year, they formed Doctor's Associates Inc. Logo used from 2015–2016 (mostly only used in advertisements) In 2023, Subway was purchased by Roark Capital. Its international headquarters is in Milford, Connecticut. It also is the largest single-brand restaurant chain, and the largest restaurant operator in the world. More than half its locations (21,796 or 58.1%) are in the United States. It was the fastest-growing franchise in the world in 2015 and, as of June 2021, had 37,540 locations in more than 100 countries and territories. The longtime Subway slogan, "Eat Fresh", is intended to indicate the fresh ingredients that are used in their sandwiches. Subway offers an array of topping choices for the customer to include in their sandwich. Since then it has expanded to become a global franchise. After several name changes in the beginning years, it was finally renamed Subway in 1972, and a franchise operation began in 1974 with a second restaurant in Wallingford, Connecticut. Subway was founded by Fred DeLuca and financed by Peter Buck in 1965 as Pete's Super Submarines in Bridgeport, Connecticut. Subway IP LLC, doing business as Subway (stylized in all caps), is an American multinational fast food restaurant franchise that specializes in submarine sandwiches (subs), wraps, salads and drinks.
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