A lot of news today on how the restaurant chain Subway has been experiencing a steep decline in sales resulting in the company having o have an emergency meeting to address the issue. While it may be a shocker to the business operator, apparently people in the public were quick to identify the exact reason on why they simply don’t visit the restaurant as much anymore. The food is simply too expensive.
Some examples were apparently not too long ago you could get something like a footlong sub for about $5 whereas now there are people who say it costs $20. That is a pretty steep increase if so that doesn’t even make sense from an inflation point of view. It would come across more as corporate greed. This news has apparently been a common theme with other restaurants too and the reaction seems to be to start offering cheaper value menus.
It’s a great example of voting with your wallet where if companies don’t make any sales then they will be forced to try and find ways to make the price lower. Like with the above example, $20 for a footlong make no sense as you could literally go to a more formal restaurant with that price or buy weeks of groceries at the supermarket. You can probably make a pretty darn good sub sandwich yourself for $20.