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JAPAN FRANCHISE NEWS ARCHIVE

 
: : 2003

McDonald's founder's exit doubles loss. The Japanese unit of U.S. fast-food chain McDonald's expects its loss for this fiscal year to double because of a special loss it will book for costs related to cutting ties with a longtime management consultant. .... [more] 20 Dec, 2003
Starbucks Japan profit sinks 58%Starbucks Coffee Japan Ltd. said Thursday its profit for the first half of fiscal 2003 plummeted 58 percent to 93 million yen due to costs associated with closing unprofitable stores. .... [more] 18 Nov, 2003
McDonald's gets new vice president. McDonald's Holdings Co. (Japan) said Thursday that Peter Beresford, former vice president of the Canadian unit of McDonald's Corp. of the United States, will become vice president of McDonald's Japan Ltd. .... [more] 7 Nov, 2003
Subway Ingredient Not GM. Yarrows Bakery is waiting to see whether authorities in Japan will approve a GM enzyme found in bread dough it has been exporting. .... [more] 28 Oct, 2003
McDonald's eyes job cuts through retirement plan. McDonald's Co. (Japan) will launch an early retirement program next month to cut 130 of the 880 jobs at its headquarters, its holding firm said Wednesday. .... [more] 25 Sep, 2003
Convenience store sales fall 3.4% Sales at convenience stores around the nation fell 3.4 percent on a same-store basis in August from a year earlier for the sixth straight monthly slide, the Japan Franchise Association said Monday. .... [more] 23 Sep, 2003
Starbucks looks to hot food for Japan sales boost. Starbucks Coffee Japan will offer hot food items at its outlets next month in an attempt to woo back customers, the company said Thursday. .... [more] 19 Sep, 2003
Convenience stores add new function: sports book. Convenience stores across the country will begin selling soccer lottery tickets Wednesday. .... [more] 19 Aug, 2003
McDonald's cuts annual forecast. Struggling restaurant chain McDonald's Holdings Co. (Japan) on Friday cut its full-year earnings forecast by about 50 percent due to weak sales during the first half of the year. .... [more] 9 Aug, 2003
Japanese food outlets ready to invade South Korea. Upstart Japanese restaurant chains are moving into the fast growing South Korean market, banking on the increasing popularity of Japanese culture among the country's youth. .... [more] 27 Jul, 2003
McDonald's Japan buys Thai chicken. McDonald's restaurants in Japan have been forced to switch to purchasing Thai chicken from their traditional source in China due to the outbreak of bird-flu in the Communist country. .... [more] 26 Jun, 2003
Ice cream companies turning to high-end treats. Facing a steady decline in sales of traditional ice cream, domestic frozen treat makers are turning their eyes to the upscale market - a growing sector so far dominated by Haagen-Dazs. .... [more] 17 Jun, 2003
McDonald's plots burger price hike. McDonald's Holdings Co. (Japan) Ltd. has said it will raise the price of hamburgers back to 80 yen, effective July 1. .... [more] 11 Jun, 2003
Duskin employees rocked by new corporate scandal. Employees of the scandal-tainted Duskin Co. were shocked Tuesday by the emergence of allegations of financial irregularities by former top executives, including former Chairman Koji Chiba. .... [more] 4 Jun, 2003
Japan's Ministop boosts Korean stake. Listed Japanese convenience store operator Ministop Co. said it had agreed to take control of South Korea Daesang Distribution and Service Co. as part of a strategy of doubling its stake in the fast-growing Korean retail sector. .... [more] 21 May, 2003
Struggling McDonald's Japan Picks New CEO. McDonald's Japan picked Pat Donahue, an American who headed the fast-food chain's Canadian business, as chief executive and chairman Friday to reverse sinking sales. .... [more] 9 May, 2003
Convenience store sales drop 3.1%. Convenience store sales dropped 3.1 percent in March on a same-store, year-on-year basis, the Japan Franchise Association said Monday. .... [more] 22 Apr, 2003

McDonald's pins hopes on healthy new menu. In an attempt to lure customers back to its 3,900 outlets, McDonald's Co. (Japan) Ltd. on Tuesday unveiled menu additions it hopes will project a fresh and healthy image. .... [more] 16 Apr, 2003
FamilyMart net profit up 50% on strategic store openings. Convenience store chain FamilyMart Co. said Tuesday its group net profit for the year through February jumped 50.7 percent from the year before to 12.88 billion yen on strong sales and reduced extraordinary losses. .... [more] 16 Apr, 2003
Lawson's profit plunges 45% on outlet closures. Lawson Inc., Japan's No. 2 convenience store chain, said Tuesday its group net profit for the year through February plunged 45 percent to 8.86 billion yen due to closures of unprofitable stores. .... [more] 16 Apr, 2003
Seven-Eleven earnings up 23rd straight year. Convenience store chain Seven-Eleven Japan Co. said Thursday it racked up its 23rd consecutive year of record earnings in the year through Feb. 28, thanks to aggressive store openings. .... [more] 11 Apr, 2003
McDonald's counting on new products to regain profitability. McDonald's Holdings Co (Japan) will launch a lineup of new products priced higher than existing products in late April to revive its profitability hit by deflationary pressure, its president said Monday. .... [more] 1 Apr, 2003
McDonald's Holdings flips top manager posts. McDonald's Holdings Co. (Japan) said Friday that managers from its U.S. parent now hold two of the top three positions on its board, signaling a shift in the power dynamics at the country's largest fast food chain. .... [more] 29 Mar, 2003
Toys 'R' Us-Japan logs 1.2% decline in profit. Toys "R" Us-Japan Ltd. said Wednesday its net profit for the year through Jan. 31 dropped 1.2 percent to 4.09 billion yen on weak same-store sales. .... [more] 20 Mar, 2003
Hamburger chains trying new ways to lure back customers. Hamburger chains are shifting away from low-price strategies after cheap burgers failed to lure back customers following the outbreak of mad cow disease 1 1/2 years ago. .... [more] 18 Mar, 2003
Fast Retailing to close 16 stores in Britain. Fast Retailing Co, a leading casual-clothing retailer known for its Uniqlo brand, said Friday it will close a total of 16 stores in Britain by around August to concentrate its management resources on five stores in and around London. .... [more] 8 Mar, 2003
McDonald's Japan chief Fujita decides to resign. Den Fujita, founder of the McDonald's chain in Japan, is stepping down as chairman and chief executive officer after the company suffered its first loss in almost three decades, McDonald's Holdings Co. (Japan) said Wednesday. .... [more] 6 Mar, 2003
Convenience store sales fall again. Sales at convenience stores fell 1.5 percent on a same-store basis in January from a year earlier, marking the 19th consecutive monthly decline, the Japan Franchise Association said Thursday. .... [more] 21 Feb, 2003
Japanese unit of McDonald's logs huge loss. McDonald's Holdings Co. (Japan) Ltd. said Friday it posted a group net loss of 2.34 billion yen for the business year through December, sinking into the red for the first time in nearly three decades under the heavy cost of store closures. .... [more] 15 Feb, 2003
Burgers to stay cheap but cheese will cost you. McDonald's Holdings Co. (Japan) will end its discount campaign on cheeseburgers and "frankburger" hotdogs at most of its fast food outlets next week, company officials said Tuesday. .... [more] 5 Feb, 2003
The colonel hit hard by downturn. Hit by tighter consumer purse strings, Kentucky Fried Chicken Japan Ltd. announced Thursday that its consolidated net profit dropped 15.2 percent to 1.38 billion yen in the business year that ended in November. .... [more] 24 Jan, 2003
Convenience store chains to expand in Japan. Convenience-store giants 7-Eleven Japan Co, Lawson Inc and FamilyMart Co are expected to raise their number of outlets by a net total of about 1,400. .... [more] 23 Jan, 2003
Sales fall again at convenience stores. Sales at convenience stores in Japan fell 1 percent on a same-store basis in December from a year earlier for the 18th consecutive monthly decline, the Japan Franchise Association said Monday. .... [more] 21 Jan, 2003
RELATED - Businessman to head state body for small firms. Businessman Koichi Minaguchi will head the Japan Finance Corp. for Small Business, the government said Tuesday. .... [more] 8 Jan, 2003
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