Something is up at Subway, referring to the sandwich shop franchise and not your local public transportation system. Whatever is going on certainly doesn’t sound good at first glance. The company sent out a notice last week announcing a hastily called online conference with all of its 19,0000 North American affiliates. The meeting was called with almost no notice. The company isn’t referring to it as “an emergency meeting,” but that’s what many of the franchise owners are calling it. The stated purpose of the meeting is to “discuss plans to improve traffic and win back market share.” The word “back” in that description is probably somewhat revealing. Many franchise owners are reporting significant declines in both sales and profits amid a flurry of “crazy coupons” that are making the rounds. (NY Post)
Subway has called a hasty meeting with franchisees of its 19,000 North American…
