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

Alex Pretti’s ex‑wife speaks out about his firearm and permit

In the space of a few gunshots, a quiet ICU nurse became a national flashpoint. His ex‑wife has broken her silence. Federal agents insist he was a…

‘We Caught Them’ — Speaker Johnson Goes Public, Exposes ‘Poison Pill’ Dems Tried To Sneak In

House Speaker Mike Johnson has publicly accused Congressional Democrats of attempting to insert what he and GOP leaders describe as a “poison pill” into key funding legislation…

This is the silent disease that is triggered when you come into contact with … See more

Herpes zoster, commonly known as shingles, is a condition where early treatment is absolutely crucial. Caused by the reactivation of the varicella-zoster virus—the same virus responsible for…

This Sunday morning, the kids were out… See More

This Sunday morning, the kids were out, and the house was unusually quiet — the kind of quiet that feels peaceful at first, almost like a gift….

Woman Finds Diamond Ring On Beach

The ring caught her eye immediately because it shimmered in the golden light of the sun. After attentively inspecting the ring, Samantha noticed an etching that read…

Paparazzi captured Cher, 76, with no makeup and ….

The amazing look of this legendary singer never stops delighting the entire world. Paparazzi have caught her on a yacht when she was with no bra and…

Leave a Reply

Your email address will not be published.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