FedEx ends their contract with Amazon; Subway teams up with Beyond Meat
Morning Business Outlook: FedEx announces it will let its ground delivery contract with Amazon expire at the end of the month; Subway becomes the latest restaurant chain to team up with Beyond Meat, creating a meatless meatball sub.
Subway’s new CEO is under fire from franchisees after his decision to cut some prices amid concerns he’s making half-promises for the already troubled sandwich chain, according to a report.
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Six popular Subway sandwiches, such as six-inch subs “Veggie Delite” and “Oven Roasted Chicken,” will have prices cut, in some cases to $2.99 from $4.25, the New York Post reported, citing details revealed during a series of conference calls.
A representative for Subway did not immediately respond to FOX Business’ request for comment.
Franchisees have reportedly not taken the news lightly.
“Stop the discounting and quit giving away the little profits we have,” Deidre Sharp, an apparent Subway franchisee, wrote on the North American Association of Subway Franchisees Open Forum, the Post reported.
SUBWAY IS THE LATEST RESTAURANT TO JOIN THE BEYOND MEAT CRAZE
Franchisees have shown opposition to similar promotions in the past. In 2017, hundreds of franchisees signed a petition urging the restaurant chain not to apply a deal to the $4.99 foot-long, according to a previous report from the Post.