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 UNITED STATES FRANCHISE NEWS ARCHIVE
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: : February 2009
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Is Franchise Ownership in Your DNA? Many people believe franchise ownership is for the true entrepreneur--the type A personality with the confidence to blaze new trails in the business world. The truth is actually quite different. .... [more]
27 Feb, 2009
Wingstop celebrates 15-year anniversary. Wingstop is celebrating its 15th anniversary this year, and announced it hsd a record 71 openings in 2008. .... [more]
27 Feb, 2009
Yum! Creates New Global Branding Position. Yum! Brands Inc. today announced the appointment of Micky Pant, 54, as president, Global Branding, a newly created position. .... [more]
26 Feb, 2009
The Athlete's Foot Launches TAF TV In-Store Digital Network. The Athlete's Foot (TAF), a world leader in athletic footwear franchising, has announced the launch of a new in-store digital signage network. .... [more]
26 Feb, 2009
Krispy Kreme banking on international market. When Krispy Kreme Doughnuts Inc. began thinking about selling its glazed doughnuts internationally in 2001, analysts questioned how well the delicacy would go over with foreign consumers. Eight years later, the company's slowly blossoming global sales could be the key factor keeping the it ndependent and out of bankruptcy. .... [more]
25 Feb, 2009
Gap Inc. Announces Quarterly Dividend of $0.085. Gap Inc. today announced that its board of directors voted a quarterly dividend of $0.085 per share payable on April 29, 2009 to shareholders of record at the close of business on April 8, 2009. .... [more]
25 Feb, 2009
Franchising heats up as economy cools down. Among the rolls of laid off bankers, executives and blue collar workers - as well as the gainfully employed who can see the writing on the walls - are many aspiring franchisees looking to make the leap into entrepreneurship under the safety net of a tried-and-true business umbrella. .... [more]
24 Feb, 2009
Defaults by Franchisees Soar as the Recession Deepens. The recession is bruising businesses across the franchising industry. From ice-cream parlors to tanning salons, franchisees' defaults on loans guaranteed by the U.S. Small Business Administration are piling up in amounts unseen in years. .... [more]
24 Feb, 2009
A Smaller Piece of the Pie. Once synonymous with a cheap meal, pizza's popularity among America's fast-food consumers is waning. Further exacerbated by the economic downturn, pizza franchises are facing tough times. .... [more]
23 Feb, 2009
Quiznos' founder replaces Dave Deno as CEO. Quiznos, the Denver-based quick service sandwich chain, said Monday that founder Rick Schaden will replace Dave Deno as chief executive. .... [more]
23 Feb, 2009
Dunkin' Donuts opens first Alabama store. Alabama’s first Dunkin’ Donuts opened earlier this month in Dothan, the Massachusetts-based company said. .... [more]
23 Feb, 2009
IFA Convention Unclouded by Stormy Economy and Protest. While demonstrators marched and rain storms raged outside, convention attendees sat in sheltered comfort inside and listened to speeches on the bright outlook for the franchise industry. .... [more]
20 Feb, 2009
AAFD’s The Franchisee Voice newsletter goes online. The American Association of Franchisees and Dealers recently announced its newsletter, The Franchisee Voice, will now be published exclusively online at www.thefranchiseevoice.com. .... [more]
20 Feb, 2009
Jamba Juice Expands Non-Traditional Franchise Growth Strategy with Rollout of New Airport Kiosk Locations. Jamba Juice, the leading provider of healthy, fun and on-the-go food, snacks and beverages, announced today the opening of new Jamba Juice airport locations at Chicago O’Hare, San Diego International and George Bush Intercontinental in Houston. .... [more]
20 Feb, 2009
McD’s CEO: Not losing to Starbucks. McDonald’s CEO Jim Skinner says Starbucks’ new breakfast offerings aren’t taking marketshare away from his company. .... [more]
20 Feb, 2009
McDonald's gets Y40 bil loan from Japanese banks. McDonald’s Corp said Thursday it secured a 40-billion yen loan from three Japanese banks. .... [more]
20 Feb, 2009
Pat & Oscar's Debuts Franchise Program. As part of an overall strategic growth plan, Pat & Oscar's Restaurants today is unveiling its first-ever franchise partner program. .... [more]
19 Feb, 2009
Pretzelmaker to absorb Pretzel Time. NexCen Franchise Management Inc. will combine its two mall-based pretzel concepts, Pretzelmaker and Pretzel Time, beginning in April, the company has announced. .... [more]
19 Feb, 2009
Denny's shares drop on 4Q loss, refranchising plan. Shares of Denny's Corp. dropped Thursday after the restaurant chain reported a loss in its fourth quarter and said it was struggling to find financing to sell its company-operated stores to franchisees. .... [more]
19 Feb, 2009
Build-A-Bear profit plummets. Build-A-Bear Workshop Inc. said it’s cutting costs and capital expenditures as it reported Thursday that fourth-quarter profit fell nearly 50 percent. .... [more]
19 Feb, 2009
First LEED-Certified Subway Opens in Kissimmee. DiPasqua Enterprises, owner of 89 SUBWAY Restaurants in Central Florida, will celebrate its Calypso Commons location's Leadership in Energy and Environmental Design (LEED) Certification on Wed., Feb. 18. .... [more]
18 Feb, 2009
Quick Trip Express Inc. Sells its First Franchise in Peoria, IL. Quick trip Express Inc. sells its first franchise to James Wright of Peoria, Ill. Quick Trip Express Inc. has been a Illinois corporation since 1983. .... [more]
18 Feb, 2009
Franchise association calls on Congress for industry aid. The International Franchise Association is urging Congress to take action to help franchised business owners weather the current economic crisis and help lead the country out of the recession. .... [more]
17 Feb, 2009
NPC finishes Pizza Hut acquisitions. NPC International Inc. said Tuesday it closed on a deal to buy 49 Pizza Hut restaurants in and around St. Louis from Pizza Hut Inc. for $14.2 million in cash. .... [more]
17 Feb, 2009
Stratus adds Hawaii franchise. Stratus Building Solutions, which franchises commercial cleaning services, has awarded a new master franchise in Honolulu. .... [more]
17 Feb, 2009
ServiceMaster One of Few to Offer Start-Up Financing to Would-Be Franchisees. As banks restrict lending, start-up and ongoing business support can be a lifeline for people seeking small business ownership. .... [more]
17 Feb, 2009
Baja Fresh Takes on the Big Apple. Baja Fresh Mexican Grill, the fast-casual fresh Mexican chain, is excited to announce the projected grand opening of its newest location in the busy and vibrant City of New York. .... [more]
17 Feb, 2009
7-Eleven to expand in N. America. Despite a dramatic downturn in the economy, plans are in place to expand the number of 7-Eleven stores throughout the North American market with an eye to utilizing some successful formulas that have worked in Japan. .... [more]
14 Feb, 2009
Starbucks Takes Plunge Into Instant Coffee. Starbucks Corp., the brand that made coffee into a luxury item, is taking on a new market: instant coffee. The Seattle retail giant has created an instant variety of its coffee that it plans to start selling at some of its cafés next month. .... [more]
13 Feb, 2009
RadioShack tries out new concept. RadioShack Corp. has quietly opened a new concept store in the Dallas area. If successful, the ubiquitous RadioShack easily could convert some of its stores in each market, analysts said. .... [more]
13 Feb, 2009
Papa John makes pizza delivery to U.S. troops. Papa John’s International founder John Schnatter helped serve pizza this week to more than 250 U.S. troops stationed at Camp Beuhring in Kuwait. .... [more]
13 Feb, 2009
Little Caesars Finds Eager Franchisees In-House. More than 50 Little Caesars Pizza corporate employees, ranging from field colleagues to executives, have transitioned to careers as Little Caesars franchise business owners after seeing first-hand the opportunities. .... [more]
12 Feb, 2009
Smart Franchisees Think Twice About Discounted Fees. While many franchisors discount their fees and offer money-back guarantees to attract new franchisees in the economic downturn, Interstate Batteries Franchise and Development is instead investing in infrastructure to aid franchisees' long-term success. .... [more]
12 Feb, 2009
Panera Bread Reports Q4 EPS of $0.84 (Including $0.03
in Charges), Up 50% Over Q4 2007. Panera Bread Company
today reported net income of $26 million, or $0.84
per diluted share, for the fourth quarter ended December 30, 2008,
including $0.03 per diluted share of charges. .... [more]
12 Feb, 2009
Jim Foley Joins Vanguard Cleaning Systems Master Franchise
Support Team. Vanguard Cleaning Systems, Inc. is pleased to announce the hiring of Jim Foley as Director, Master Franchise Operations, based in the San Mateo, California office.
.... [more]
12 Feb, 2009
Choice Hotels 4Q profit falls 33 percent. Hotel franchisor Choice Hotels International Inc. said Tuesday its fourth-quarter profit lost 33 percent as royalty fees and franchise and licensing fees dropped off amid the recession. .... [more]
10 Feb, 2009
Detroit wants to thin the herd of dealers. Tom Durant knows tough times. The auto
industry fell into shambles in 1992 just as he gambled on buying
a near-dead Chevrolet dealership in downtown Fort Worth. He renamed
it and moved it 20 miles to this fast-growing suburb. .... [more]
10 Feb, 2009
Tim Hortons, Cold Stone to create new stores. Tim
Hortons Inc. and the parent of Cold Stone Creamery said Friday they
will team up to create up to 100 co-branded stores that will offer
customers both ice cream and coffee shop fare. .... [more]
6 Feb, 2009
BP sells 57 stations to Mich. operator. About 60 British Petroleum gas stations in the Chicago area are under new ownership as the fuel giant continues to divest its retail units. Michigan-based Atlas Oil Co. purchased 57 of BP’s stores in the south suburbs for an undisclosed price. .... [more]
6 Feb, 2009
Mr. Clean Takes Car-Wash Gig. Now Procter & Gamble Co. wants to wash your car. The giant manufacturer of household staples including Pampers diapers, Crest toothpaste and Gillette razors is forging a new business model: franchising car washes. .... [more]
5 Feb, 2009
Older workers turn to franchises in recession. Thousands of older Americans with an entrepreneurial bent have started new careers in recent years by buying small franchises in everything from beauty shops to home maintenance to tax preparation. The option is likely to draw more interest as baby boomers age and, in a bleak economy, get laid off. .... [more]
5 Feb, 2009
Teddy's expanding to Washington via first franchisee. Teddy's Bigger Burgers will soon be rolling out its menu of flame-broiled burgers and fries in Washington. The Oahu restaurant chain has signed its first franchise agreement and will open next month in Woodinville, Wash. .... [more]
5 Feb, 2009
Burger King profit falls, 2009 forecast is cut. Burger King Holdings said Thursday that its profit dropped 10% in its fiscal second quarter as foreign currencies yielded fewer dollars. The nation's No. 2 hamburger chain also cut its full-year earnings forecast. .... [more]
5 Feb, 2009
Do your homework before buying a franchise. Being your own boss can sound appealing, but do your due diligence before buying a franchise. Online resources are plentiful, including the Federal Trade Commission's consumer guide to buying a franchise and some warnings by the American Franchisee Association. .... [more]
5 Feb, 2009
Fast Food Franchisee Challenges. While discounting has increased customer counts, the results haven't helped the bottom lines of foodservice franchisees. .... [more]
4 Feb, 2009
No Better Time for E-Mail Marketing. What do the best franchise owners know about online marketing that you need to know, too? .... [more]
4 Feb, 2009
Snap-on Announces Record Fourth Quarter and Full Year Earnings. Snap-on Incorporated, a leading global innovator, manufacturer and marketer of tools, diagnostics, equipment, software and service solutions for professional users, today announced 2008 financial results for the fourth quarter and full year. .... [more]
4 Feb, 2009
Advertising Super Bowl XXII: Domination for Franchising! In the face of the stiff winds of economic distress for the US and world economies, for the 21st time in 22 years the percentage of Super Bowl ads purchased by franchisors dominated non-franchised enterprises. .... [more]
3 Feb, 2009
Seattle’s Best Coffee franchise expansion planned. Seattle’s Best Coffee, a division of Starbucks Corp., said it plans to expand its franchising program. .... [more]
3 Feb, 2009
Franchise matchmaker is thriving. As unemployment rises, so does interest in franchising. That's good for FranChoice, which gains talented prospects. .... [more]
3 Feb, 2009
Baskin-Robbins wants 60 new stores in ATL. Ice cream chain Baskin-Robbins plan to expand its franchise base in Atlanta with 60 new stores over the next several years. .... [more]
2 Feb, 2009
Anytime Fitness Opens 1,000th Club. Anytime Fitness, the #1 co-ed fitness club chain in the world, has opened its 1,000th club. Founded in 2002, Anytime Fitness now has clubs operating in 46 states, Canada and Australia, serving nearly 600,000 members. .... [more]
2 Feb, 2009
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