Today: 23.09.2018
News
Opinion
Business
Living
Metro
Tech
Sport

Last News

22:40
22.09.2018
22:36
22.09.2018
21:56
22.09.2018
21:52
22.09.2018
20:16
22.09.2018
20:13
22.09.2018
19:54
22.09.2018
17:12
22.09.2018
16:30
22.09.2018
15:42
22.09.2018
14:56
22.09.2018
14:21
22.09.2018
12:53
22.09.2018
12:45
22.09.2018
11:42
22.09.2018
10:08
22.09.2018
08:41
22.09.2018
08:07
22.09.2018
04:23
22.09.2018
02:07
22.09.2018
01:53
22.09.2018
00:57
22.09.2018
00:26
22.09.2018
00:11
22.09.2018
23:56
21.09.2018
23:53
21.09.2018
23:32
21.09.2018
22:29
21.09.2018
21:28
21.09.2018
21:26
21.09.2018

Subway hires Bain to help with sales slump.

Subway, the struggling family-owned sandwich chain, has hired consultant Bain & Company to professionalize operations and possibly set itself up for a future sale, The Post has learned. The 52-year-old chain, the largest in the US by the number of locations, had previously resisted bringing in outside professionals for anything other than advertising, according to...
Time: 22:08     Date: 17.06.2018
Last US Business News: Subway hires Bain to help with sales slump. NY Post 24 - US News

The 52-year-old chain, the largest in the US by the number of locations, had previously resisted bringing in outside professionals for anything other than advertising, according to two Subway insiders.

Perhaps because of that insular culture, Subway has posted declining same-store sales for more than five years.

The downturn sparked feuds with many of its struggling franchisees.

Last month, Chief Executive Suzanne Greco, the sister of Fred DeLuca, the late Subway founder, resigned. Trevor Haynes was named interim CEO.

Haynes is currently on a listening tour of stores and franchise owners.

“I think hiring Bain signifies that the board needs a professional business organization to give advice so it can change its downward trend,” one Subway insider said. “They are running out of options that might positively impact the company.”

Same-store sales in May fell 3 to 4 percent from a year earlier, according to John Gordon of Pacific Management Consulting.

Customer traffic plummeted a whopping 25 percent from 2012-17, according to a Nov. 30 internal Subway memo.

To turn things around, Subway has been promoting a $4.99 foot-long sandwich, something it had done often in the past — but that has irked many franchisees because it is hard to make money on such a promotion. Plus, it does not seem to be working, sources said.

“It’s business as usual, $4.99 and no imagination,” the insider said.

“The promotion doesn’t work well in my stores,” one New York store owner told The Post. He has closed four of 10 stores over the last three years.

Meanwhile, the two children of the chain’s founders, both on Suway’s 10-person board, do not want to run the chain and would rather stabilize operations and prepare it for a sale, sources said.

DeLuca ran the chain for 50 years — until he died in 2015.

“This [hiring someone like Bain] should have been done when Fred was dying,” Gordon said. “The system is worse off now than it was three years ago.”

A Subway spokeswoman said the owners have no plans to sell the chain.

“The shareholders have expressed their intentions to the employees of the company that they are investing in the future of the company,” the spokeswoman said.

Subway declined comment on hiring Bain.

Business

Last US Business News: US student debt might lead to the next financial crisis. NY Post 24 - US News
US student debt might lead to the next financial crisis.
In may not be trigonometry, but if you do the math, there is a great divide in how an estimated $2 trillion will be paid...
Last US Business News: Wall Street is high on Thiel-backed cannabis company. NY Post 24 - US News
Wall Street is high on Thiel-backed cannabis company.
America saw reefer madness take over the stock market last week. For a few months now, the budding industry has captured...
Last US Business News: Next crash will be ‘worse than the Great Depression’: experts. NY Post 24 - US News
Next crash will be ‘worse than the Great Depression’: experts.
Ten years ago, it was too-easy credit that brought financial markets to their knees. Today, it could be a global debt of...
Last US Business News: John Paulson teams up with investors to start Gold Council. NY Post 24 - US News
John Paulson teams up with investors to start Gold Council.
John Paulson is taking on the gold industry. The billionaire hedgie — known for his well-timed bets against subprime mortgages...

Opinion

Last US News - Opinion: The city could pay billions for a test that didn’t really discriminate. NY Post 24 - US News
The city could pay billions for a test that didn’t really discriminate.
It’s just nuts that the city might have to cough up billions for supposedly racist teacher-certification exams it stopped...
Last US News - Opinion: Team Cuomo shows it doesn’t care about toxic water after all. NY Post 24 - US News
Team Cuomo shows it doesn’t care about toxic water after all.
Now that the state’s bungling of the Hoosick Falls water-contamination nightmare has faded from the headlines, Gov. Cuomo’s...
Last US News - Opinion: The ‘deep state’ leaves Trump with no good options. NY Post 24 - US News
The ‘deep state’ leaves Trump with no good options.
President Trump is not generally given to understatement, but he soft-pedaled problems at the Department of Justice. There...
Last US News - Opinion: How Feinstein is conspiring to destroy Kavanaugh. NY Post 24 - US News
How Feinstein is conspiring to destroy Kavanaugh.
Democrat leaders and their liberal aides, along with professional agitators, are all intermingled and conspiring together...
Last US News - Opinion: #MeToo has morphed into a career-destroying angry mob. NY Post 24 - US News
#MeToo has morphed into a career-destroying angry mob.
#MeToo has done a lot of work exposing uncomfortable truths, but now its eagerness to denounce is taking on a censorious...

Living

US Living News: ‘Insecure’ shows how hard it is for a black girl to find love. NY Post 24 - US News
‘Insecure’ shows how hard it is for a black girl to find love.
When I moved to New York City in March of 2008, I thought my life would look a lot like Carrie Bradshaw’s from HBO’s...
US Living News: The best books of the week. NY Post 24 - US News
The best books of the week.
West Wingers: Stories from the Dream Chasers, Change Makers and Hope Creators Inside the Obama White House Ed. by Gautam...
US Living News: Why the inventor of the labradoodle regretted his creation. NY Post 24 - US News
Why the inventor of the labradoodle regretted his creation.
With its cutesy curls and plaintive eyes, it’s no wonder the labradoodle became America’s second-favorite dog in 2012....
US Living News: Here’s why relationships are making us fatter. NY Post 24 - US News
Here’s why relationships are making us fatter.
If you’ve gained weight in a committed relationship, you’re not alone. Almost 80 percent of Americans put on...
US Living News: ‘Curb’ star Cheryl Hines would like you to buy her a dirty martini, please. NY Post 24 - US News
‘Curb’ star Cheryl Hines would like you to buy her a dirty martini, please.
Cheryl Hines, 53, star of HBO’s “Curb Your Enthusiasm,” was raised in Tallahassee, Fla., and lives in Los Angeles....
US Living News: People are using a new app to report sex assault anonymously. NY Post 24 - US News
People are using a new app to report sex assault anonymously.
In the wake of #MeToo, more than 1,000 people have downloaded an app aimed at rooting out repeat sex offenders by allowing...
US Living News: Top food researcher resigns after his work gets retracted. NY Post 24 - US News
Top food researcher resigns after his work gets retracted.
NEW YORK — A prominent Cornell University food researcher resigned after an investigation found he committed academic misconduct,...
US Living News: #WhyIDidntReport blows up on Twitter after Trump’s remark to Kavanaugh accuser. NY Post 24 - US News
#WhyIDidntReport blows up on Twitter after Trump’s remark to Kavanaugh accuser.
On Friday, President Trump questioned Christine Blasey Ford, the professor who accused Supreme Court nominee Brett Kavanaugh...

Business

Last US Business News: US student debt might lead to the next financial crisis. NY Post 24 - US News
US student debt might lead to the next financial crisis.
In may not be trigonometry, but if you do the math, there is a great divide in how an estimated $2 trillion will be paid...
Last US Business News: Wall Street is high on Thiel-backed cannabis company. NY Post 24 - US News
Wall Street is high on Thiel-backed cannabis company.
America saw reefer madness take over the stock market last week. For a few months now, the budding industry has captured...
Last US Business News: Next crash will be ‘worse than the Great Depression’: experts. NY Post 24 - US News
Next crash will be ‘worse than the Great Depression’: experts.
Ten years ago, it was too-easy credit that brought financial markets to their knees. Today, it could be a global debt of...
Last US Business News: John Paulson teams up with investors to start Gold Council. NY Post 24 - US News
John Paulson teams up with investors to start Gold Council.
John Paulson is taking on the gold industry. The billionaire hedgie — known for his well-timed bets against subprime mortgages...
Last US Business News: Hefty Arconic price tag could scare off potential bidders. NY Post 24 - US News
Hefty Arconic price tag could scare off potential bidders.
The leveraged buyout of Arconic has run into a bit of turbulence, The Post has learned. Potential bidders for the aluminum...
Last US Business News: Retailers warn of price hikes due to Trump tariffs. NY Post 24 - US News
Retailers warn of price hikes due to Trump tariffs.
President Trump’s base better get ready for some sticker shock come Monday. That’s when Trump’s fresh round of tariffs...
Last US Business News: The best bargain at Apple can be yours for less than $300. NY Post 24 - US News
The best bargain at Apple can be yours for less than $300.
The Apple Watch Series 3 has quietly become one of the best deals in tech. Lost in the commotion surrounding Friday’s launch...
Last US Business News: PayPal bans Alex Jones’ Infowars for hate speech. NY Post 24 - US News
PayPal bans Alex Jones’ Infowars for hate speech.
Payments processor PayPal said on Friday it decided to end its business relationship with popular conspiracy theorist Alex...

Metro

Metro News: NYPD cop accused of choking girlfriend released without bail. NY Post 24 - US News
NYPD cop accused of choking girlfriend released without bail.
An off-duty NYPD cop accused of choking his ex-girlfriend — and sending her a terrifying picture of a noose —...
Metro News: Homeless man found stabbed to death in Washington Heights. NY Post 24 - US News
Homeless man found stabbed to death in Washington Heights.
A man who cops believe was homeless was found stabbed to death in Manhattan early Saturday. A passerby discovered the body...
Metro News: Motorcyclist killed in Brooklyn crash. NY Post 24 - US News
Motorcyclist killed in Brooklyn crash.
A motorcyclist was killed when he rammed into a Nissan in Brooklyn on Saturday, cops said. The 47-year-old cyclist was heading...
Metro News: ‘Lion King’ prop maker busted for trying to 3-D-print a gun. NY Post 24 - US News
‘Lion King’ prop maker busted for trying to 3-D-print a gun.
Things weren’t very hakuna matata at Broadway’s iconic “The Lion King” on Friday afternoon when cops stormed the...
Metro News: Merciless school bus driver told boy ‘just pee yourself’: mom. NY Post 24 - US News
Merciless school bus driver told boy ‘just pee yourself’: mom.
A city school bus driver showed no mercy toward a child who begged to stop at a restroom, telling the 11-year-old boy to...
Metro News: Marine tried to save teen shot on Brooklyn basketball court. NY Post 24 - US News
Marine tried to save teen shot on Brooklyn basketball court.
A former Marine desperately tried to save the doomed teen who was shot in the head at a Brooklyn basketball court — and...
Metro News: Fans furious after Yankee Stadium bans bike helmets. NY Post 24 - US News
Fans furious after Yankee Stadium bans bike helmets.
This wheely weird policy is getting a Bronx cheer. Yankee Stadium bans bike helmets from all events, even though every other...
Metro News: East Village already a ‘war zone’ ahead of L train shutdown. NY Post 24 - US News
East Village already a ‘war zone’ ahead of L train shutdown.
The L train shutdown is still seven months away, but East Villagers say they’re already going through hell. Non-stop construction...

Sport

Last US Sport News: This is why Stanton decided to come to the Yankees. NY Post 24 - US News
This is why Stanton decided to come to the Yankees.
These are the nights Giancarlo Stanton envisioned when he became a Yankee last December. Four tubs full of Chandon champagne...
Last US Sport News: Aroldis Chapman takes big step forward — with one caveat. NY Post 24 - US News
Aroldis Chapman takes big step forward — with one caveat.
Aroldis Chapman’s second appearance after returning from left knee tendinitis went much better than his first, as he threw...
Last US Sport News: David Wright not the only veteran facing his final days as a Met. NY Post 24 - US News
David Wright not the only veteran facing his final days as a Met.
WASHINGTON — Jose Reyes will wait until he returns to Citi Field on Tuesday before allowing it to sink in that he’s likely...
Last US Sport News: Todd Bowles must be on guard against the Jets splintering. NY Post 24 - US News
Todd Bowles must be on guard against the Jets splintering.
The Jets have hit their first crisis moment of 2018. Yes, it is only September. Yes, they are not even one quarter of the...
Last US Sport News: Pat Shurmur has to fix this mess now or the Giants are done. NY Post 24 - US News
Pat Shurmur has to fix this mess now or the Giants are done.
HOUSTON — They are battered and bloodied, there are open wounds everywhere on the 0-2 Giants. The start of the 2018 season...