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UNITED STATES FRANCHISE NEWS ARCHIVE

 
: : Jul 2000

Boston Restaurant Associates Announces Year End Results, a 31% Increase in Revenues to $15.9 Million, an 81% Increase in Operating Cash Flow to $1.5 Million. .... 31 Jul, 2000
Fast-Food Franchises Are Harder to Finance. Just a few years ago, getting a loan to open fast-food outlets seemed as easy as picking up lunch at the drive-through. These days, think of it this way: The intercom crackles with static, and the guy on the other end can't hear you too well. .... 31 Jul, 2000
At Tehran Burger, They Serve Sides if Piping Hot Reform. Hass Aslami, who launched more than 60 pizzerias in Chicago's south suburbs, is the face of globalization that Iran's conservative mullahs cannot stop. .... 28 Jul, 2000
Citigroup mulls retail franchise-bank model in Germany. U.S. bank Citigroup said on Friday it was mulling a franchise network in Germany similar to that operated by McDonalds restaurants in an attempt to expand its retail services without running up huge costs. .... 28 Jul, 2000
Friendly Ice Cream Corporation Reports Second Quarter 2000 Results. Friendly Ice Cream Corporation today reported total revenues for the second quarter ended July 2, 2000 of $164.1 million compared to $184.7 million for the quarter ended June 27, 1999. .... 28 Jul, 2000
Deadly Bacteria Linked to Restaurant. Several children became ill from E. coli bacteria, including one who was in critical condition, after picking up the potentially deadly infection at a local restaurant, city health officials say. .... 27 Jul, 2000
INTEREST - Amazon losses mount. The world's number one online retailer, Amazon.com, has posted sharply higher losses. The losses have prompted investment banks to downgrade the company's shares, sparking a wave of selling. .... [more] 27 Jul, 2000
CKE Sells 121 More Hardee's Restaurants. CKE Restaurants Inc., owner of the Hardee's and Carl's Jr. hamburger chains, said it sold an additional 121 of its company-owned Hardee's restaurants to franchisees for a total of about $37 million. .... 26 Jul, 2000
Rubio's Restaurants, Inc. Announces 60% Increase in EPS and 44% Sales Growth in the Second Quarter. .... 25 Jul, 2000
Papa John's Reports Record Second Quarter Earnings and Revenues. Papa John's International, Inc. announced record revenues of $231.5 million and net income of $13.0 million for the second quarter of 2000. .... 25 Jul, 2000
New Restaurant on Cantera Menu. Lion's Choice, a 33-year old St. Louis-based restaurant chain with drive-through, carryout and dine-in options, recently opened its first local franchise at 4405 Winfield Rd., Warrenville. .... 25 Jul, 2000
Pepe's to Sail Into Food Court at Great Lakes. The focus of Mexican restaurant chain Pepe's may be south of the border, but the chain is waving the red, white and blue as it ventures into institutional locations. .... 25 Jul, 2000
McDonald's Earnings Rise 2 Percent. McDonald's Corp. on Tuesday reported a "disappointing" profit gain of 2 percent, blaming foreign currency declines, unusually hot weather in Europe and even the European soccer championships for its worst quarterly showing since 1997. .... 25 Jul, 2000
INTEREST - Kmart to Close 72 Stores. Kmart Corp., the nation's third-largest retailer, is closing 72 of its less-profitable stores in 28 states, affecting 5,000 workers, in an effort to improve earnings. .... 25 Jul, 2000
ServiceMaster Reports Second Quarter Revenue Growth of Six Percent and Profit of $.22 Per Share; Announces $350 Million Share Repurchase Program. .... 24 Jul, 2000
Taco Cabana Reports Strong Second Quarter Earnings and Sales. Taco Cabana Inc. reported strong sales and earnings growth for its fiscal second quarter ended July 2, 2000. .... 24 Jul, 2000
INTEREST - Staking their claim. Shopping malls are playing catch-up in the e-commerce game. But they're finally making their move online to fend off the net-only retail portals. First up in N.E.: Natick Mall .... 24 Jul, 2000
Sizzler Juicing Up Menu as It Tries to Lure Back Customers. Restaurants: Fare is being upgraded and the look revamped, but franchise holders have been down this food line before. ..... 22 Jul, 2000
Franchisees seek to buy Burger King. Burger King's army of American franchisees want to buy the business in a bid to thwart the chain's planned flotation by its parent company, Diageo. .... 21 Jul, 2000
Blockbuster, in Pact With Enron, to Offer Demand-Video. In a 20-year deal, the video-rental company will distribute movies via TV set-top boxes and PCs. .... 20 Jul, 2000

Blockbuster Looks to Broadband. The world's leading video rental chain has taken a big step toward making a trip to the corner video store unnecessary. .... 20 Jul, 2000
AutoNation Shrugs Off Offer as 'Nonsensical.' AutoNation Inc. said a buyout offer it got from a company calling itself Pegasus Capital Group Inc. was "nonsensical" and that a subsequent news release from Pegasus claiming its offer was spurned is probably part of a hoax. .... 20 Jul, 2000
Cendant's Profit Falls. Cendant Corp., which holds franchises for the Ramada and Travelodge hotel chains, said on Thursday second-quarter net profits fell 80 percent from year-ago levels but that its underlying business was strong. .... 19 Jul, 2000
Competition Is Brewing For Upscale Coffee Bars. Several small companies are pushing tea-centered restaurant concepts for the U.S. Backers of the ventures say the time is ripe for many coffee-saturated consumers to make the switch. .... 19 Jul, 2000
Taco Bell Replaces Top Exec; Chihuahua Out Too. Fast food: Chain hires Wendy's veteran as president and changes ad agency in effort to halt slide in sales. .... 19 Jul, 2000
Blockbuster, Enron in Entertainment On-Demand Deal. Video rental chain Blockbuster Inc. and communications group Enron Corp. said Wednesday they agreed to a 20-year deal allowing customers to choose movies through their televisions using Enron's network. .... 19 Jul, 2000
Taco Bell Dumps Chihuahua. Drop the Chihuahua! In a surprise announcement Tuesday, Taco Bell Corp. said it has decided to replace its top executive and the advertising agency that introduced the chalupa-loving talking pup in commercials. .... 19 Jul, 2000
Tricon Q2 operating net up, cuts 2000 view. Tricon Global Restaurants Inc. parent of Pizza Hut, Taco Bell and KFC, on Tuesday posted a higher-than-expected 16 percent rise in second-quarter operating earnings but lowered its full-year operating earnings forecast due to sluggish sales at Taco Bell. .... 18 Jul, 2000
Wendy's Strengthens Its Marketing Organization. Wendy's International, Inc. today announced that it is integrating its advertising group with its research, analysis and new product marketing departments. .... 18 Jul, 2000
Chicago Resident Settles Claim Over Slurs. A year after receiving mailings with ethnic slurs printed under her name, a Muslim Chicago resident has settled a discrimination claim for $30,000 against Cendant Corp. of New York. .... 18 Jul, 2000
Diedrich Coffee, Inc. Announces the Opening of Six New Retail Units. Today announced that two new franchise Diedrich Coffee brand coffeehouses and a company owned unit have opened. .... 17 Jul, 2000
iPIX and Move.com Announce Alliance to Promote Real Estate Virtual Tours. Move.com Group, operator of the move.com relocation, real estate and home-related services portal, announced today an agreement with Internet Pictures Corporation ("iPIX") for the promotion of 360-degree iPIX(TM) Virtual Tours throughout the move.com network of Web sites. .... 14 Jul, 2000
Retail Sales Rise Strongly in June. U.S. retail sales last month racked up their biggest gain since February as demand for new cars roared back from a three-month slump, showing a consumers' appetite to spend was still healthy. .... 14 Jul, 2000
Ace Hardware Store Owner Opens Rainbow Franchise. Dave Warren, of Milton, Wis., has announced that he will open a Rainbow International Carpet Care and Restoration franchise in August, which he will operate out of his Ace Hardware store on 430 S. John Paul Rd. .... 13 Jul, 2000
Secret gas station prepares BP rebranding. In a warehouse on the sprawling outskirts of Atlanta, Georgia, stands oil giant BP's secret weapon. The full-scale working model of a state-of-the-art gasoline station has already had its first visits from guinea pig customers who are led there blindfold. .... 12 Jul, 2000
Diedrich Coffee, Inc. Signs Franchise Agreement for Development of 40 Coffeehouses in Colorado. .... 12 Jul, 2000
Pizza Hut to offer first UK franchise opportunity. Pizza Hut said on Wednesday it would offer its first UK franchise opportunity because of the huge potential for growth in the delivery and express takeaway market. .... 11 Jul, 2000
McDonald's Franchisee Gets OK for a New Look. The Oak Brook-based corporate offices of McDonald's have decided to change the firm's image - at least on the outside. .... 11 Jul, 2000
CPK Amends Filing on IPO Price Estimates Los Angeles-based restaurant chain California Pizza Kitchen Inc. estimated that its initial public offering will include 5.3 million common shares offered at $13 to $15 each. .... 11 Jul, 2000
Wendy's to open 100 Mexico stores over next decade. Wendy's International Inc. on Monday said it would open 100 of its fast-food restaurants in Mexico - up from the current eight - over the next decade as part of its international expansion effort. .... 10 Jul, 2000
Accor Economy Lodging Announces Major Milestone; Motel 6 Opens 100Th Franchised Property. Accor Economy Lodging (AEL), parent company of budget lodging leader Motel 6, today announces a major milestone in its four-year history of franchising its brand: the opening of the 100th franchised Motel 6 property. .... 10 Jul, 2000
Quik Internet Franchise Opens in Central Virginia To Improve Quality of Internet Services. Quik Internet, announced today the opening of Quik Internet of Central Virginia to provide residents and businesses throughout the area with quality Internet services .... 10 Jul, 2000
Retail Sales Increase Is Smallest in 3 Years. Apparel: Consumers appear to be shedding their free-spending habits amid higher interest rates and gasoline costs. .... 7 Jul, 2000
INTEREST - E-Commerce Errors Leave Shoppers Ecstatic. Word spread quickly after system glitches at online retailers created discounts that were far steeper than intended. .... 7 Jul, 2000
Marriott Profits Rise on High Lodging Sales. Marriott International Inc., the world's No. 1 lodging company, said Thursday second-quarter profits rose 11 percent on higher room rates and increased occupancy. .... 6 Jul, 2000
Retailers Report Poor June Sales. Consumers tempered their buying in June as soaring gas prices took cash out of their wallets and unseasonably cool weather dampened their desire to buy summer clothes. .... 6 Jul, 2000
Two More HoJos May Be History. Fried clams, grilled hot dogs and the orange tile roof - all are part of the nostalgia that is the Howard Johnson's restaurant. .... [more] 5 Jul, 2000
Entrepreneurs Are Serving Americans Hot Dogs With Great Relish. Today marks not just the anniversary of the adoption of the Declaration of Independence, it's also the biggest hot dog day of the year. .... 4 Jul, 2000
Sandwich Restaurant Endorsed by Zoning Panel. The Schaumburg Zoning Board of Appeals has unanimously recommended that the Village Board grant a special-use permit for a Subway Salads & Sandwiches restaurant at 708 E. Higgins Rd. .... 3 Jul, 2000
McDonald's to Test Franchising Brands. McDonald's Corp., said it will begin testing the potential of its other brands, including Chipotle Mexican Grill and Boston Market. .... 3 Jul, 2000
INTEREST - Family-Owned In-N-Out Burger at a Crossroads. With its special recipe for customer - and employee - loyalty, the independent chain has prospered for 52 years. But some wonder how much longer its values can survive. .... 2 Jul, 2000
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