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18 mentions found


☆ Subway announces a new price for footlongs as it enters the value menu wars
  + stars: | 2024-08-23 | by ( Jordan Valinsky | ) edition.cnn.com   time to read: +2 min
New York CNN —It’s not $5, but Subway is bringing back cheap footlongs and joining the fast food value menu wars. Beginning August 26, Subway will sell any footlong sandwich for $6.99 — a steep discount considering that some footlongs can cost as much as $14 in some cities. It’s the privately held chain’s latest attempt at luring back customers who are balking at rising fast food prices and spending less when they do go out. Subway is owned by a private equity firm and doesn’t often reveal sales like its publicly traded rivals. Technomic data shows that Subway also lags in sales for sides and snacks compared to its competitors.
Persons: New York CNN — It’s, ”, Burger, “, Doug Fry, Dippers, David Henkes, ” Henkes Organizations: New, New York CNN, Subway, Burger King, Starbucks, Sidekicks, CNN Locations: New York, Subway North America, Technomic
☆ Subway is expanding its menu with more footlong snacks
  + stars: | 2024-06-18 | by ( Jordan Valinsky | ) edition.cnn.com   time to read: +3 min
New York CNN —Subway’s footlong cookies were so popular they had a shortage. They use Subway’s flatbread, rolled up with pepperoni and cheese, chicken and cheese or double cheese, and served hot. The $3 rollups are part of its Sidekicks menu, adding to its successful lineup of giant cookies, churros and soft pretzels. Technomic data shows that Subway also lags in sales for sides and snacks compared to its competitors. Owned by Roark Capital, a privately held company, Subway doesn’t regularly release financial figures.
Persons: Dippers, Douglas Fry, ” Fry, ” Dippers, Fry, “, ”, David Henkes, ” Henkes, Auntie Anne’s Organizations: New, New York CNN, Sidekicks, North America, CNN, Subway, Roark Capital, Buffalo Wild Wings Locations: New York, Technomic
☆ How Well Do You Know the N.Y.C. Subway?
  + stars: | 2024-06-18 | by ( Ana Ley | ) www.nytimes.com   time to read: 1 min
If the subway’s tracks were lined up from end to end, including portions that are used to store and maintain trains but do not carry riders, how far would they stretch?
☆ Subway is bringing back the footlong cookie after it disappeared for four months
  + stars: | 2024-05-29 | by ( Jordan Valinsky | ) edition.cnn.com   time to read: +1 min
New York CNN —Rest easy, America: Subway’s footlong cookie is back. Following a four-month long disappearance, Subway announced Wednesday the “triumphant return” of the oversized chocolate chip cookie, which was pulled from many restaurants less than two weeks after its January debut because of massive demand. “The Footlong Cookie has delighted millions of Americans since their first bites in January, sparking unprecedented demand over the last several months,” Paul Fabre, Subway’s senior vice president of culinary and innovation, said in a press release. Subway could use a boost: Its location count continues to dwindle, closing more than 400 restaurants in the US last year. Subway finished the year with its smallest number of US restaurants (20,133) since 2005.
Persons: Auntie Anne’s, Cookie, ” Paul Fabre, Subway’s, Fabre, “, DoorDash, Uber Organizations: New, New York CNN, Subway Locations: New York, America
☆ How the Subway’s Weekend Problem Fixer Spends His Sundays
  + stars: | 2024-02-24 | by ( Tammy Lagorce | ) www.nytimes.com   time to read: +1 min
New Yorkers who take the subway on Sundays may not know the name Jose LaSalle, but they might have seen him around in his orange safety vest. Mr. LaSalle, 55, is the deputy chief of weekend service diversions and coordination for the Metropolitan Transportation Authority, which oversees the city’s subways and buses. That makes him the person responsible for troubleshooting and handling customer complaints at stations when there are delays and service disruptions. Every Sunday that I’m not on vacation, I wake up at 5:30 a.m. As soon as I wake up, I have this habit of checking Slack. I’m checking for service diversions, things I can prep for.
Persons: Jose LaSalle, LaSalle, Janet Rosario, I’m Organizations: Metropolitan Transportation Authority, New York City Transit Locations: Greenpoint, Brooklyn, Manhattan, New York City
☆ She traveled every New York City subway line — and photographed every first and last stop
  + stars: | 2024-02-03 | by ( Alex Rees | ) edition.cnn.com   time to read: +6 min
CNN —It wasn’t until after photographer Rita Nannini left New York that she grew fascinated by the city’s subways. Rita Nannini Exiting the A train station at Far Rockaway—Mott Avenue in Queens, the easternmost subway station in New York City. Rita Nannini Escalators at the 96th Street stop at the end of the Q line in Manhattan's Upper East Side. Rita Nannini A flight of stairs ascends to the A train station at Ozone Park—Lefferts Avenue in Queens. Rita Nannini A decade-long photo project documenting every New York City subway line Prev Next“It’s often said it’s that (my images show) the end of the lines — the ‘last stops,’” she said.
Persons: Rita Nannini, Nannini, — Nannini, ’ ”, ” Nannini, — Parsons, Archer, it’s, Kate Jones, Jones, “, ’ ” Nannini, ‘, ” Organizations: CNN, World Trade, Brighton, Grand Central Station, Shuttle, JFK, Grand Central, Apple, Central, New, Metropolitan Transportation Authority, “, New York Locations: New York, Manhattan’s, Princeton , New Jersey, Manhattan, Forest Hills, Queens, Williamsbridge, Bronx, Brooklyn, Rockaway, New York City, Manhattan's, Coney, Broad, Bedford, East New York, South Ferry, Jamaica, —, York City, York, Inwood, ’, Midtown, New
☆ Subway’s new footlong cookies are so popular that it’s struggling to keep up with demand
  + stars: | 2024-02-01 | by ( Jordan Valinsky | ) edition.cnn.com   time to read: +2 min
New York CNN —Unexpected demand for Subway’s new footlong cookies has created a big cookie shortage, driving the new snack off the menu less than two weeks after its big debut. Because of the cookie’s surprising popularity, Subway has temporarily removed them from its app and third-party channels, like DoorDash, to manage demand. Subway also said that for the first time since 2016, it has added more restaurants than it lost. In the past few years under Chidsey’s purview, Subway chain has undergone a makeover in basically all aspects of its business, because it has struggled recently against its sub-slinging competition. However, some franchisees recently complained that they weren’t impressed with the new $6,000 slicers.
Persons: Auntie Anne’s, ”, John Chidsey Organizations: New, New York CNN, Subway, “ Sidekicks Locations: New York, North America, China
☆ Subway franchisees are underwhelmed by its new $6,000 slicers
  + stars: | 2024-01-24 | by ( Jordan Valinsky | ) edition.cnn.com   time to read: +4 min
Last year, Subway paid to install $6,000 slicers at the chain’s 20,000 US locations in response to its rivals serving freshly sliced meat. The results, so far, have been a “mixed bag,” according to Bill Mathis, the chairman of the North American Association of Subway Franchisees (NAASF), which represents as many as half of Subway locations on the continent. Franchisee’s flaring tensionsThe candor expressed by Mathis isn’t the first time franchisees have expressed their frustration with Subway. Subway, a privately held company, highlights praise from some franchisees during its periodic financial releases. In 2022, a release featured a quote from Donna Curry, a Subway franchisee that owns about 65 locations.
Persons: Bill Mathis, ” Mathis, “, Mathis, he’s, ”, there’s, it’s, you’re, Mathis isn’t, Elisabeth DeLuca, Donna Curry, John Chidsey Organizations: New, New York CNN —, Subway, North American Association of Subway, Restaurant Business, CNN Locations: New York, NAASF
☆ Subway is adding something big to its menu
  + stars: | 2024-01-18 | by ( Jordan Valinsky | ) edition.cnn.com   time to read: +4 min
The permanent sides, called Subway Sidekicks, will be available across the US beginning January 22. Sidekicks marks a whole new menu category for Subway, best known for their sandwiches. The additions come from customers demanding more from the menu, according to Douglas Fry, Subway’s North America president. Technomic data shows that Subway also lags in sales for sides and snacks compared to its competitors. Yearly sales at Subway US restaurants are still much lower compared to its sandwich-making rivals.
Persons: Auntie Anne’s, Douglas Fry, “, we’ve, ” Fry, Fry, ”, David Henkes, ” Henkes, doesn’t, Jimmy John’s, Roark Organizations: New, New York CNN, Subway, North America, CNN, “, Sidekicks, US Subway, QSR Magazine, Jersey, Roark Capital Locations: New York, North America
☆ Subway has sold itself to a private equity firm
  + stars: | 2023-08-24 | by ( Jordan Valinsky | ) edition.cnn.com   time to read: +3 min
New York CNN —Subway has sold itself to private equity firm Roark Capital, ending a six-month long search for a buyer. “This transaction reflects Subway’s long-term growth potential, and the substantial value of our brand and our franchisees around the world,” Subway CEO John Chidsey said in a statement. However, the Wall Street Journal reported the purchase price was “around $9.6 billion,” which would be slightly below the chain’s $10 billion asking price. Despite the sales turnaround, the number of US Subway stores declined to 20,576 last year according to Technomic. Another issue for Roark: Yearly sales at Subway US restaurants are still much lower compared to its sandwich-making rivals.
Persons: Roark Capital, ” Roark, Auntie Anne’s, Carvel, John Chidsey, Roark, Roark’s, Dunkin ’, Jimmy John’s, “ Roark, ”, Neil Saunders, GlobalData, ” Saunders, Trevor Haynes, He’s, Douglas Fry Organizations: New, New York CNN — Subway, Roark, Subway, Buffalo Wild Wings, Sonic, ” Subway, “, Wall Street Journal, ”, Inspire Brands, Inspire, US Subway, QSR Magazine, Jersey, Subway’s North Locations: New York, North America, Subway, Subway’s North America, Canada
☆ Freshly sliced meat and new store designs: How Subway is trying to save itself
  + stars: | 2023-07-08 | by ( Jordan Valinsky | ) edition.cnn.com   time to read: +4 min
Subway scrambled to make fixes: Adding freshly sliced meat earlier this month was the most recent one. Revamped menuSubway added freshly sliced meat this week. In addition to a more neatly organized menu board, Subway added numbers and new names to speed up service. And this week, it rolled out freshly sliced meat — a major shift from Subway’s previous method of having the meat sliced at its factories before being delivered to its stores. Adding freshly sliced meat “felt like the natural step that we needed to get back to and address,” Trevor Haynes, president for Subway’s North America operations, previously told CNN.
Persons: that’s, –, Dunkin, Jimmy John’s, Anthony Behar, ” Trevor Haynes Organizations: New, New York CNN, Firehouse, Wall Street, Inspire Brands, Subway, North, QSR Magazine, Jersey, Apple, customizations, Subway’s North, CNN Locations: New York, Jersey, North America, Subway’s North America
☆ Subway is making another big change to its menu
  + stars: | 2023-07-05 | by ( Jordan Valinsky | ) edition.cnn.com   time to read: +3 min
New York CNN —To undercut its fast-growing rivals, Subway is making a big change to its meats. Subway locations currently fresh slice vegetables and freshly bakes bread and cookies daily. The makeover placed less of an emphasis on customization in favor of a “Subway Series” sandwich menu, which now accounts for 20% of sales. Average yearly sales at Subway US restaurants, however, are much lower compared to its sandwich business rivals. Subway is also up for sale, with Haynes saying that it’s “on track” for an imminent announcement, likely in mid-July.
Persons: Jimmy John’s, ” Trevor Haynes, Haynes Organizations: New, New York CNN, Jersey Mike’s, Subs, Subway’s North, CNN, Subway, QSR Magazine, North Locations: New York, Jersey, Subway’s North America, North America
☆ Subway plans to open nearly 4,000 stores in China in one of its biggest deals ever
  + stars: | 2023-06-07 | by ( Michelle Toh | ) edition.cnn.com   time to read: +3 min
Hong Kong CNN —Subway is planning to add thousands of new sandwich shops in China, increasing its footprint in the country by more than seven times. The world’s biggest sandwich chain announced Tuesday that it would open almost 4,000 new stores across mainland China over the next 20 years. The deal “is the largest master franchise agreement in Subway history and one of the largest across the entire [fast-food restaurant] industry,” Subway said in a statement. The large-scale expansion will be made possible by a deal Subway has inked with a Chinese company, Shanghai Fu-Rui-Shi Corporate Development (FRS). A 5-meter-long Subway sandwich seen in Shanghai on May 30.
Persons: Shanghai Fu, John Chidsey, Chase Organizations: Hong Kong CNN —, ”, Corporate, Subway, Publishing, ” Subway Global, JPMorgan Locations: Hong Kong, China, Shanghai, United States, Asia Pacific
☆ Subway Confirms It Is Seeking Buyers
  + stars: | 2023-02-14 | by ( Dean Seal | ) www.wsj.com   time to read: 1 min
Subway is known for its foot-long sandwiches and quick-service restaurants. Subway’s shareholders are exploring a possible sale of the closely held sandwich chain, confirming an earlier report in The Wall Street Journal. The company said Tuesday that JPMorgan Chase & Co. is serving as an adviser as it looks for potential buyers, although it has no assurance of whether or when a sale might occur.
☆ Subway to Add Thousands of Restaurants Outside the U.S.
  + stars: | 2023-02-02 | by ( Heather Haddon | ) www.wsj.com   time to read: 1 min
Subway CEO John Chidsey says that much of the company’s growth lies abroad. Subway seeks to rebound from years of declining sales by adding thousands of new restaurants in the next decade, setting it up to increase its sales by more than 50%, Chief Executive John Chidsey said. The chain aims to increase its international locations to around 25,000 over 10 years from roughly 16,000 today, Mr. Chidsey said. The expansion is part of a plan to raise Milford, Conn.-based Subway’s sales to around $25 billion annually from its current $16 billion.
☆ Subway to sell sandwiches in smart vending machines
  + stars: | 2022-11-14 | by ( Jordan Valinsky | ) edition.cnn.com   time to read: +3 min
New York CNN Business —Your next Subway order could come from a vending machine. Subway reported strong third-quarter sales Monday and publicly unveiled its first Grab and Go “smart fridge” filled with premade sandwiches, snacks and drinks. Subway is rolling out Grab & Go fridges that have pre-mad sandwiches. In 2020 the company began selling premade sandwiches in regular fridges at retail locations like casinos, gas stations and airports. Subway attributed its recent success to its new “Subway Series” menu — which was streamlined to help speed up service — and an increase in digital orders.
☆ Subway, offering a rare glimpse at its finances, says it’s hitting record sales
  + stars: | 2022-10-12 | by ( Jordan Valinsky | ) edition.cnn.com   time to read: +3 min
Subway attributed its recent success to its new “Subway Series” menu, which was streamlined to help speed up service, and an increase in digital orders. “The results from the Subway Series launch and the positive reaction from guests and franchisees demonstrates that our transformation strategy is working,” said Trevor Haynes, president of Subway North America, in the release. The Subway Series is a more neatly organized menu, divided into four categories (Cheesesteaks, Italianos, Chicken and Clubs) and consisting of three sandwiches each. In another positive benchmark for the struggling chain, Subway said September sales grew nearly 11% compared to the same month a year earlier. System-wide sales at Subway’s US locations were $12.3 billion in 2013, which was its best year of the past 15 years.
☆ A weed gummy theory for the Fed’s high-stakes interest rate gamble
  + stars: | 2022-10-12 | by ( Allison Morrow | ) edition.cnn.com   time to read: +7 min
Here’s the thing: The Fed right now is wearing blinders, and it only cares about bringing down inflation, my colleague Paul R. La Monica writes. The Weed Gummy TheoryThere’s an analogy offered by investment analyst Peter Boockvar last month that I can’t stop thinking about. He compared the Fed to an eager but inexperienced consumer of weed gummies, which, notoriously, take longer than anyone expects to kick in. Bankruptcies: Rate hikes make it more expensive for companies to pay down debt, increasing the risk of corporate bankruptcies and defaults. The so-called PPI, which tracks what suppliers charge other businesses for goods and services, showed prices going up 8.5% from a year ago.
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