Sandwich chain has closed over 4,500 restaurants, no new bankruptcy
NeutralFinancial Markets

The sandwich chain has closed over 4,500 restaurants, marking a significant reduction in its footprint. This closure affects various types of sandwiches, including subs, grinders, hoagies, heroes, and wedges, which are popular across the United States. Despite the extensive closures, the company has not filed for new bankruptcy, indicating a potential stabilization in its operations. The closures reflect ongoing challenges in the fast-food industry, particularly for chains reliant on foot traffic and changing consumer preferences.
— via World Pulse Now AI Editorial System