The Subway sandwich chain, which has more than 26,600 U.S. locations, has room to add 7,000 to 8,000 more U.S. stores, co-founder and Chief Executive Officer Fred DeLuca said Tuesday. “Maybe it will take 10 years or so,” he said. DeLuca also disclosed that Subway has started testing hummus, a spread made of mashed chickpeas, as a sandwich topping as it seeks to maintain its appeal among health-conscious consumers.
Home prices grow at slower pace
U.S. home prices rose at a slightly slower pace in the 12 months that ended in March, a sign that weak sales have begun to restrain the housing market’s sharp price gains. Data provider CoreLogic said Tuesday that prices rose 11.1 percent in March compared with March 2013. Though a sizable increase, that was down a bit from February’s 12.2 percent year-over-year increase.