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

Skin Rash With Breathing Trouble? It Could Be a Life-Threatening Allergic Reaction

A rash with breathing trouble can become a fight for life. This combination may mean anaphylaxis, a severe allergic reaction that demands immediate epinephrine if available and…

The World Is Saying Goodbye To One Of The Most Iconic Characters… See more..

For fans of Hazzard County’s beloved mechanic, this claim lands like a gut punch. An unverified account says Ben Jones has died, casting a shadow over a…

Breaking News: Soldier Survives Dramatic Encounter with Giant Snake

The scream comes first, then the sight no one can forget. A soldier, trapped in the crushing coils of a giant python, thrashes helplessly as the snake…

Why do women cross their legs when sitting?

A woman crosses her legs, and suddenly everyone thinks they know her story. What looks like a simple choice can carry generations of expectations about elegance, modesty,…

Is there really a car in this????

Your eyes may betray you before this puzzle gives up its secret. A tiny car is quietly tucked among a crowded tangle of snails and mushrooms, where…

Can You Find the Hidden Fourth Object? This Brain Teaser Is Stumping the Internet

This innocent-looking bedroom puzzle can make you doubt your own eyes. A pillow, a book, and a cup seem easy enough to spot, but the final object…

Leave a Reply

Your email address will not be published.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