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UNITED STATES FRANCHISE NEWS ARCHIVE

 
: : Aug 2000

No Extra Slice, So Redskins Drop Domino's. The Carolina Panthers won't be the Washington Redskins' only opponent when the season opens Sunday. The team is having a war of words with Domino's Pizza, its former pizza promotional partner. .... [more] 31 Aug, 2000
Blockbuster Allies With Foes as Rental Era Winds Down. Running out of options to secure its future, the nation's largest video rental company has decided to sleep with the enemy. .... 30 Aug, 2000
She Can Take Anyone to the Cleaners. Last Wednesday was a rough day for Laura Damico, filled with the tribulations and responsibilities that come with owning a business. .... [more] 30 Aug, 2000
Two Franchisees Sue Brake Depot, Claim Sales Data Misleading. Legal troubles have hit Brake Depot again as two companies that purchased franchise stores filed suit alleging, among other things, they were supplied with inaccurate sales information, leading them to believe the stores were more profitable than they actually were. .... 28 Aug, 2000
Protecting Real Estate Sites From Pirates. If Realtor.com had never been created, you can bet your last megabyte that the association would still be fighting hard in Congress to crack down on the thieves who scrape off of real estate sites the listings that brokers and agents work hard to compile. .... 28 Aug, 2000
Carbon Coffee. I hate Starbucks because it represents everything that I lament while touring in the new millennium - the homogenization of culture. .... [more] 27 Aug, 2000
E.Coli Outbreak Hits Salem. According to a news release, the Marion County Health Department confirmed that eight cases of the illness have been traced to a Wendy's restaurant on Commercial Street. .... 27 Aug, 2000
Paper: McDonald's Uses Sweatshop. Snoopy, Winnie the Pooh and Hello Kitty toys sold with McDonald's meals in Hong Kong are made at a mainland Chinese sweatshop that illegally employs children to package them, a newspaper reported Sunday. .... 27 Aug, 2000
Ford Forms Internet Car-Buying Site with Dealers. Ford Motor Co. said on Friday it has partnered with its 4,200 dealers to form FordDirect.com, an Internet site that will allow customers to configure, price, finance and buy a new Ford brand car or truck online. .... 25 Aug, 2000
Famous Dave's of America, Inc. Franchise Development Climbs to 19 Units; Newest Franchise Agreement Brings Famous Dave's Into North and South Dakota and Las Vegas, Nevada. .... 24 Aug, 2000
Krispy Kreme Profit Creams Forecasts. Krispy Kreme Doughnuts Inc on Thursday said its second-quarter profit more than tripled, creaming Wall Street estimates as the doughnut chain's sales surged nearly 40 percent, prompting it to sweeten its earnings expectations for the year. .... 24 Aug, 2000
Sonus Corp. Reaches 500 Company-Owned and Franchised Locations; One of the Fastest Growing Franchise Systems in the U.S. Attracting One New Franchised Location Every 24 Hours. .... 24 Aug, 2000
CAIS Internet and Cendant Corporation Enter Strategic Alliance to Provide High-speed Internet Access to Cendant's 200,000 Real Estate Professionals. .... 23 Aug, 2000
McDonald's to Farmers: 'Be Kind to Hens' McDonald's Corp. has a message for chicken farmers: be kind to your hens or the hamburger giant will not buy your eggs. .... 23 Aug, 2000
CNL Closes Restaurant Industry's First Net-Lease Securitization. CNL American Properties Fund, Inc. (CNL) announced Tuesday that it has broken new ground as it closed the franchise restaurant industry's first triple net-lease securitization. The company privately placed approximately $281 million of bonds this week with institutional buyers. .... 22 Aug, 2000
H&R Block Reports First Quarter Loss. H&R Block Inc. today reported a net loss for the first quarter ended July 31, 2000, of $51.7 million, or 55 cents per basic and diluted share, compared with $37.1 million, or 38 cents per basic and diluted share, last year. .... 21 Aug, 2000
New Media in the Blockbuster. Blockbuster has not only survived the onslaught of new entertainment formats, it will thrive off of them. .... 18 Aug, 2000
Cendant to buy AmeriHost brand and franchise rights. AmeriHost Inn and AmeriHost Inn and Suites are new construction, limited service, mid-priced hotels. .... 18 Aug, 2000
FRANDATA Corporation Launches FranchiseDocs.com. FranchiseDocs.com is an online sales tool that will pre-qualify potential franchisees, electronically deliver Uniform Franchise Offering Circulars (UFOC) to qualified applicants, and provide quality sales leads to franchisors. .... 17 Aug, 2000

McDonald's President to Sell Shares. McDonald's Corp.'s Vice Chairman and President James Cantalupo has filed with regulators to sell about $1.6 million worth of shares in the world's largest fast-food chain. .... 17 Aug, 2000
Ramada to Provide High Speed Internet Access in all Hotel Guest Rooms. Ramada Franchise Systems announced today its decision to provide high speed Internet access at its over 1,000 hotels and nearly 135,000 guest rooms nationwide. .... 16 Aug, 2000
Truck Hits Car, Slams Into Pizza Franchise. An out-of-control milk truck careened off a freeway exit ramp and shot through a busy intersection Tuesday, hitting a car before smashing into the side of a North Hills Pizza Hut takeout restaurant. .... 16 Aug, 2000
Starbucks to Write Off Living.Com Loss. Specialty coffee retailer Starbucks Corp. said Wednesday it was writing off $20.6 million in losses from its investment in failed furniture Web site Living.com. .... 16 Aug, 2000
INTEREST - Amazon backed Living.com to file for bankruptcy. Living.com, the Amazon-backed online home furnishings retailer, said on Tuesday it would file for bankruptcy. .... [more] 16 Aug, 2000
U.S. District Court Grants Final Approval of Previously Announced Cendant Class Action Litigation Settlement. Cendant Corporation today announced that the US District Court in Newark, New Jersey today approved as final the previously announced class action litigation settlement with Cendant common stockholders. .... 15 Aug, 2000
Rent-A-Wreck of America Announces First Quarter Results. U.S. Rent-A-Wreck of America, Inc. announced earnings for its first fiscal quarter ended June 30, 2000. .... 15 Aug, 2000
Franchise Systems Reports Second Quarter 2000 Results. U.S. Franchise Systems, Inc. today reported a loss of $3.15 million or $0.16 per share in the second quarter of 2000, compared to earnings of $1.51 million or $0.08 per share in the second quarter of 1999. .... 14 Aug, 2000
Beyond Burgers: New McDonald's Menu Makes Run for the Border. McDonald's introduction of Mexican-style food in Southern California allows franchisees to respond to local tastes. .... 13 Aug, 2000
Roto-Rooter Subsidiary of Chemed Acquires Texas Franchise. Chemed Corporation today reported that its Roto-Rooter Services Co. subsidiary has acquired the assets of the Roto-Rooter franchise in Temple, Texas. The purchase price was not disclosed. .... 11 Aug, 2000
US boom keeps rolling. The rate of expansion of the US economy does not appear to be moderating despite the eight year expansion. .... [more] 11 Aug, 2000
Price of Starbucks' Java Jumping Again. Starbucks Corp. said it raised the price of coffee drinks in most North American stores by 5 to 10 cents a cup, effective immediately - even as coffee futures prices in New York fell to a 6 1/2-year low of 79.5 cents a pound amid a global glut of beans. .... 10 Aug, 2000
KFC Recalls Tangled Treeples Kids Toys. The U.S. Consumer Product Safety Commission on Thursday said KFC Corp., a unit of Tricon Global Restaurants Inc., is recalling about 425,000 toys included with its kids meals after a 19-month old girl had the container from the toy stuck over her face. .... 10 Aug, 2000
Eateries, Inc. Reports 2nd Quarter Results; Revenues Increase 8.3%, EBITDA Increase 61.7%. Revenues for the second-quarter of 2000 rose to $24,797,000, an increase of 8.3% over the $22,887,000 realized in the same quarter of 1999..... 9 Aug, 2000
McDonald's July Sales Rise 5 Percent. McDonald's Corp., the world's largest fast food chain, said Wednesday that systemwide sales rose 5 percent, to $3.63 billion in July, despite nearly flat sales in the United States. .... 9 Aug, 2000
'Franchising guru' struggles in off year. Some days you get the chicken, some days the chicken gets you. .... 8 Aug, 2000
Blockbuster.Com Decides Against IPO. Blockbuster.com, the online unit of video rental store chain Blockbuster Inc., has decided not to pursue an initial public offering for the time being, a company spokeswoman said Monday. .... 7 Aug, 2000
Nathan's Famous, Inc. Achieves Highest First Quarter Revenues and Net Income Since Going Public. Wayne Norbitz, President and Chief Operating Officer said, "The acquisition of Miami Subs has fueled unsurpassed first quarter results for Nathan's whereby we realized our highest quarterly revenues of over $13 million and achieved net income of $745,000 making for our most profitable first quarter since going public in 1993." .... 7 Aug, 2000
Denny's, America's Original Breakfast Diner, Announces Plans to Become the Only Family Restaurant to Serve Customers in All 50 States. .... 7 Aug, 2000
CKE Restaurants, Inc. Sells 48 Hardee's Restaurants To Longtime Franchisee in Wisconsin. This is the latest transaction in the Company's previously announced re-franchising effort, which is designed to reduce debt and rebalance the Hardee's system to a more manageable number of company-owned restaurants. .... 7 Aug, 2000
INTEREST - Amazon condemned as 'terrible'. The editor of the US e-business "bible", Red Herring, has branded online retail pioneer Amazon a "terrible company". .... [more] 7 Aug, 2000
2 MORE E. COLI SUITS ARE FILED. The parents of a 3-year-old girl who died from food poisoning linked to a Sizzler restaurant filed a wrongful-death lawsuit against the company Thursday as the number sickened by E. coli bacteria grew to 56. .... 4 Aug, 2000
Coli Closes Steakhouse. A second Sizzler steakhouse in the Milwaukee area was closed after two patrons fell ill from E. coli infection, lifting the number sickened in the outbreak to more than 50, authorities said on Friday. .... 4 Aug, 2000
Hilton Profit Up 14% on High Room Demand. Hilton Hotels Corp., owner of the Doubletree, Hampton Inn and Hilton hotels in the U.S., on Thursday said second-quarter profit rose 14% on stronger demand for rooms at big-city hotels. .... 4 Aug, 2000
2nd Sizzler Closed After More E. Coli Infections. The owners of a Sizzler restaurant linked to a fatal E. coli outbreak shut down their second Sizzler in Wisconsin after two people who ate there became infected with the bacteria. .... 4 Aug, 2000
Krispy Kreme looks to fill hole in Santa Clarita doughnut market. The doughnut connoisseurs of Santa Clarita may soon face a new challenge in their quest for the perfect baked good. .... 4 Aug, 2000
Dunkin' Donuts parent tests 'combo' restaurant format. It may be a nutritionist's nightmare - or a trencherman's delight - but put doughnuts and $5 sandwiches under one restaurant roof, and maybe add ice cream, and one local restaurant company thinks it has a winning formula for rapid growth and a menu that will appeal to consumers all day long. .... 3 Aug, 2000
RadioShack July same-store sales up 12 pct. In a statement, the company said total sales from its retail division, including sales to its dealer/franchise stores, increased 13 percent for the month, to $337.9 million from $298.5 million last year. .... 3 Aug, 2000
Pizza Kitchen Shares Surge on First Day. Shares of Los Angeles-based California Pizza Kitchen soared $5.25, or 35%, to $20.25 on their first day of trading on Nasdaq. .... 3 Aug, 2000
Burger King Hires New President. British parent Diageo PLC announced on Thursday the hiring of Mikel Durham, a former executive with sister company Guinness. .... 3 Aug, 2000
Three Biggest Real Estate Firms to Combine Listings on Internet. For home buyers in New York City, buying property often means dealing with a confusing array of real estate agencies, jumping from broker to broker in an exhaustive search to find the perfect home at the right price. .... 2 Aug, 2000
CPK to Debut at $15 as SpeechWorks Roars. L.A.-based California Pizza Kitchen Inc. got a good reception for its initial public offering on Tuesday, as it sold 5.3 million shares at $15 each. .... 2 Aug, 2000
Blockbuster Narrows Loss, Revenues Surge. Video store chain Blockbuster Inc. narrowed its second-quarter earnings loss Wednesday and said a 17 percent increase in worldwide rental revenues helped it beat Wall Street estimates for cash income. .... 2 Aug, 2000
7-Eleven Showcases New Product Line. Colleges have long been breeding grounds for cultural change, and that tradition continues at the "University of 7 -Eleven," a traveling educational institution whose mission is to prepare its students for the future of convenience store shopping. .... 2 Aug, 2000
Domino's Pizza Announces Record Second Quarter Results. Domino's, Inc., today announced strong operating results for the second quarter of 2000, which ended June 18, 2000. .... 1 Aug, 2000
UPDATE 2-Wendy's Q2 net up, co. ups 2000 earns goal. Fast-food restaurant chain Wendy's International Inc., on Tuesday reported a 2.4 percent rise in second-quarter earnings as its Tim Hortons restaurant chain posted strong sales gains and prompted the company to increase its earnings growth goal for 2000. .... 1 Aug, 2000
Strong Sales Drive Results At Famous Dave's. Strong comparable sales increases, successful new restaurant development and an emerging franchising program drove record results for Famous Dave's of America, Inc .... 1 Aug, 2000
19 New E. Coli Cases Linked to a Sizzler Restaurant in Wis. Health officials in Milwaukee say total infected in the bacteria outbreak reaches 42, but say the number could rise. .... 1 Aug, 2000
Starbucks to Feature New York Times. Starbucks Coffee Co. said Tuesday it has agreed to make The New York Times the primary national newspaper for sale at its company-owned stores in exchange for advertising from the newspaper. .... 1 Aug, 2000
Ultimate Franchise Systems Inc. And E-Rex, Inc. Complete Strategic Alliance: E-Rex Inc. Announces the First Sale of the Dragonfly. .... 1 Aug, 2000
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