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Subway to open 500 new stores


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More Subway stores look to be on their way to Cornwall after the American fast food giant announced plans to open 500 new shops in the UK by 2020.
The growth plans will also see the popular fast food store recruit an extra 5,000 staff.
It comes on the back of rapid growth since the chain first arrived in the UK in 1996.
Subway, which was founded in Connecticut, USA, in 1965, has grown to 44,000 stores in 112 countries thanks to the popularity of its submarine sandwiches.

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Peter Dowding, country director for the UK and Ireland, said the move will strengthen the chain’s position within the UK market, as first reported by Walesonline.
There are already 11 Subways in Cornwall, but the expansion plans could see many more open over the next three years.
He said: “The growth expansion has been continual. What we have achieved over the last few years has been phenomenal for the brand and for our franchisees across the UK and Ireland.
“We set some very ambitious targets in 2012, where we said we would get 3,000 stores by 2020 and we are well on our way to achieving that.
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“In fact, we will be opening our 2,500th store, which is a fantastic achievement for the brand in the UK. It strengthens our position in the market as being the leading quick service chain in the UK.”
Subway’s UK and Ireland turnover reached £515million in 2016. The firm plans to open 150 stores by the end of this year alone with all regions of the UK on the firm’s target list.
Mr Dowding said Subway’s UK operation has been going through a “massive brand transformation”, with plans to kick-start a new online ordering platform in 12 months’ time.
He said the business was also tackling the Brexit-induced rise in inflation by working with its suppliers to “lock down prices for the next couple of years”.
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Source: Cornwall Live