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http://online.wsj.com/article/SB10001424052748703386704576186432177464052.html?mod=e2tw
It's official: the Subway sandwich chain has surpassed McDonald's Corp. as the world's largest restaurant chain in terms of units.
At the end of last year, Subway had 33,749 restaurants world-wide, according to a Subway spokesman, compared to McDonald's 32,737. The burger giant disclosed its year-end store count in a Securities and Exchange Commission filing late last month.
The Subway sandwich chain has surpassed McDonald's as the world's largest restaurant chain in terms of units.
The race for global dominance is an important one for an industry that's mostly saturated in the U.S. High unemployment and economic uncertainty have battered the restaurant industry in the U.S., and chains are increasingly looking overseas for growth, particularly in Asia.
Starbucks Corp. recently said it plans to triple its number of outlets in China, for example. Subway, too, is focusing on Asia and just opened its first restaurant in Vietnam.
"We remain focused on listening to and serving our customers, and are committed to being better, not just bigger," a McDonald's spokeswoman said.
http://online.wsj.com/article/SB10001424052748703386704576186432177464052.html?mod=e2tw
It's official: the Subway sandwich chain has surpassed McDonald's Corp. as the world's largest restaurant chain in terms of units.
At the end of last year, Subway had 33,749 restaurants world-wide, according to a Subway spokesman, compared to McDonald's 32,737. The burger giant disclosed its year-end store count in a Securities and Exchange Commission filing late last month.
The Subway sandwich chain has surpassed McDonald's as the world's largest restaurant chain in terms of units.
The race for global dominance is an important one for an industry that's mostly saturated in the U.S. High unemployment and economic uncertainty have battered the restaurant industry in the U.S., and chains are increasingly looking overseas for growth, particularly in Asia.
Starbucks Corp. recently said it plans to triple its number of outlets in China, for example. Subway, too, is focusing on Asia and just opened its first restaurant in Vietnam.
"We remain focused on listening to and serving our customers, and are committed to being better, not just bigger," a McDonald's spokeswoman said.
