Hundreds Of Subway Sandwich Shops Are Closing, And People Are Pointing Blame At One Person

Subway the restaurant chain has had a hard few years. First, their long-time spokesman and face of the brand, Jared Fogel, was arrested and convicted of charges related to child exploitation and lewd imagery. He has been stuck in prison ever since and causing a stir with all his attempts to get out of jail. Despite his horrible activity, Subway remained a go-to spot for healthy and fast food.

Compared to McDonald’s or Burger King, Subway provides its customers with more vegetables and healthier options. You can get whole wheat bread and customize your sandwich to your liking. Nevertheless, the restaurant chain is closing hundreds of shops. After some 900 locations closed in 2017, Subway announced they were closing 500 more in 2018. The business is in transition. And it is floundering because CEO Suzanne Greco has been unable to match the success of co-founder Fred DeLuca, who passed away in 2015.

Greco has worked at Subway since she was a teenager. But franchisees have complained about her role as CEO. They say she has offered inadequate support and has not fostered growth for the company. And Business Insider released a statement that indicated about one-third of the 25,800 Subway locations in the United States might not even be profitable.

One franchisee told Business Insider, “A lot of people in the industry feel that Suzanne is not qualified to be the CEO of the company. She tells us she is doing us a favor while franchisees are losing everything they own.”

Greco needs to step it up. Instead, she is stepping down.

Greco announced that she would retire instead of fighting to keep Subway profitable.

Now Subway’s chief business development officer Trevor Haynes is stepping up to be the interim CEO.

Greco is the sister of Fred DeLuca. He chose her to run the chain as his battle with leukemia was coming to an end.

Now Greco has given up on Subway. And for the first time in 53 years, the fast-food chain will be run by someone outside the family. She retires at the end of June.

“Subway has been part of my life since I was seven years old. I love the brand and the company, and I always will, but it’s time for me to have more balance in my life. I feel very good about the strategic moves we’ve made in the last three years, and I have confidence in the future of the company.”

Although Greco has confidence, her franchisees are not as sure. They are just “cautiously optimistic.”

“Her [stepping aside] was long overdue,” a former manager of Subway franchisees told The New York Post.

Running an international company is challenging. Greco was never expected to be in the CEO role for too long. Her brother picked her to run because he was dying. And she hopes that her pick as her replacement will bring the company back into the black.

Are you going to miss Subway if it disappears from your neighborhood?

What do you think about the CEO retiring after the bad reviews?

Related Posts

A Kind Story That Prove a Little Sympathy Goes a Long Way

One day, while I was working at a fast food restaurant, this lady left her Louis Vuitton bag on the table.o I grabbed it and placed it…

The True Meaning Behind Green Porch Lights

I live with my ex-husband, and without my permission, he changed our porch light to green. When I asked him why, he said it was because of…

Dolly Parton FINALLY Admits The Truth About her Relationship With Kenny Rogers What We All Suspected

The world of country music is filled with stories of love, heartbreak, and unforgettable partnerships. Among these, few relationships have captivated audiences as much as that of…

American Golf Great Dead at 74

hey remember the grin first. Fuzzy Zoeller’s genius was never just in the way he shaped a shot, but in how he softened the sharp edges of…

Newborn baby crawls across the hospital cot

A newborn baby was found abandoned on a street in Córdoba, after which he was taken by the police to the city’s Children’s Hospital. The baby was…

Epstein Survivors Demand Transparency — Reject Media Push to Target Trump

Six women who say they were trafficked by Jeffrey Epstein or Ghislaine Maxwell came forward in Washington, D.C., with a powerful, unified appeal: release more federal files…

Leave a Reply

Your email address will not be published. Required fields are marked *