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: : Jul 2001

Some Franchises Don't Translate Well Overseas. As the experience of some entrepreneurs shows, researching the local culture can help franchisors entering foreign markets to avoid embarrassing gaffes. .... [more] 31 Jul, 2001
ServiceMaster 2Q profit drops; warns on full year.
Maintenance services company ServiceMaster today reported that second-quarter profits fell 18% on a pro forma basis, blaming the slowing economy. .... [more] 31 Jul, 2001
Big Boy Restaurant Signs With Pepsi.
After 65 years with Coca-Cola, Big Boy Restaurants announced it's switching to Pepsi. .... 30 Jul, 2001
Franchise program draws little interest.
A Chicago-based non-profit with money to help bankroll franchise outlets in Hispanic neighborhoods is finding few takers. .... 30 Jul, 2001
Popeyes to add 25 restaurants in Raleigh, Greensboro.
Popeyes Chicken & Biscuits has reached an agreement with the Saratoga Food Group to develop 25 new locations in the Raleigh and Greensboro markets by December 2006. .... [more] 30 Jul, 2001
Franchise helps turn urban blight into profit.
Jim Youngblood and Richard Drake are franchisees of HomeVestors of America, an unusual, Dallas-based real estate company whose strategy is: Find a house that's suffering from neglect and turn it into a low-cost starter home. .... 28 Jul, 2001
Asbury Automotive files for $150 mln IPO.
Asbury Automotive Group Inc. on Friday filed with the U.S. Securities and Exchange Commission for $150 million of its common stock in an initial public offering. .... 27 Jul, 2001
Struggles in D.C. prompt Pizza Outlet name change.
Apparently, Pizza Outlet is not a name that "screams fresh" in the nation's capital. Pizza Outlet's expansion plans have stalled in what was to be its second major market, the Washington, D.C., metro area. .... [more] 27 Jul, 2001
Tricon Beats Wall Street Estimates.
Tricon Global Restaurants on Thursday reported lower earnings for the second quarter as sales at its Taco Bell restaurants continued to slide. .... 26 Jul, 2001
PJ America earnings fall 13.8 percent.
Birmingham-based Papa John's franchisee PJ America Inc. saw its second-quarter earnings drop 13.8 percent, from $1.1 million (23 cents per share) in 2000 to $914,000 (21 cents per share) this year. .... [more] 24 Jul, 2001
Snap-on to cut about 560 jobs, earnings plummet.
Snap-on Inc. plans to cut about 560 jobs by the end of the year as earnings for the toolmaker plummeted by more than 80 percent in the second quarter. .... [more] 24 Jul, 2001
McDonald's to close up to 250 restaurants.
Concerns about beef safety in Europe sent McDonald's Corp.'s profits lower for a third straight quarter. The company is now considering closing as many as 250 underperforming restaurants located primarily in emerging markets. .... 24 Jul, 2001
US Franchise Systems Continues Aggressive Growth In The International Arena.
U.S. Franchise Systems, Inc. (USFS) continues to demonstrate its aggressive global expansion strategy to franchise its three hotel brands through the rapid development of properties in North America, Asia, and Europe. .... [more] 24 Jul, 2001
Varied Burger Costs Don't Cut Mustard.
Hold those pickles - and watch your lettuce. Prices for meals at McDonald's and Burger King restaurants vary widely in each chain's outlets in the five boroughs, according to a Department of Consumer Affairs survey. .... 24 Jul, 2001
A new lease on life.
New look for Aaron's Sales & Lease; loan and openings for new franchisees. .... [more] 23 Jul, 2001
McDonald's Caters to Internet Hunger in Israel.
You could call them McMice. Mice - the computer kind - are now on the menu at McDonald's newest branch in Israel, the worldwide fast-food giant's first cyber-restaurant. .... 22 Jul, 2001
Ex-Walgreens manager kicks off restaurant chain.
Glenn Davis has dreamed for years of opening a retail business near downtown Milwaukee, and now he believes he's discovered the right concept and the right location to make the dream a reality. .... [more] 20 Jul, 2001
McMortgage? Freddie Mac, McDonald's team up.
Big Mac. French fries. And a mortgage on the side. Well, at least information on getting a mortgage loan may be coming soon to customers at McDonald's restaurants. .... 20 Jul, 2001
The latest curve on gyms.
Sara Neider, 23, was angry when her mom signed her up at a new fitness center. But within a few days at the small, women-only gym, Neider was hooked and had found a new career - she bought a local franchise in Curves for Women. .... [more] 20 Jul, 2001
Brand names put growth on Canteen's menu.
When Canteen Vending Services said goodbye to boring pimento cheese and bologna sandwiches and began stocking Nathan's hotdogs and Blimpies subs, customers' appetites for the machine-dispensed fare returned. .... [more] 20 Jul, 2001
New Horizons CEO Bob Cressler a manager, not a technology junkie.
Bob Cressler says before opening New Horizons Computer Learning Center in 1993, he had never touched a computer. .... [more] 20 Jul, 2001

Ex-doughnut executive takes reins at Breadsmith.
Albert Hasse has turned his passion for hot glazed doughnuts into a love of fresh-baked bread. The former vice president of franchise operations for Krispy Kreme Doughnuts Inc. has taken the reins of Whitefish Bay-based Breadsmith Franchising Inc. .... [more] 20 Jul, 2001
McDonald's Restaurant Opens Business Center.
A faux fireplace, an antique mirror and clock, drapery window treatments, and a Queen Anne chair: Not your typical McDonald's décor, but that's what you'll find at a completely revamped 24-hour McDonald's restaurant in Atlanta. .... 19 Jul, 2001
New World Coffee names Anthony Wedo as CEO.
New World Coffee-Manhattan Bagel Inc. said on Wednesday it named Anthony Wedo as its new chief executive officer, leaving current CEO Ramin Kamfar to remain as chairman of the board. .... 18 Jul, 2001
Cheap Eats With A Gourmet Touch On The Way.
Britain's trendy Pret A Manger takeout shops are ready to blitz New York with 40 stores selling cheap gourmet eats to lunchtime crowds. .... 17 Jul, 2001
Fresh Data Now: Krispy Kreme Launches Piping Hot Portal.
Krispy Kreme Doughnuts has unveiled a new portal that will help it serve its U.S.-based business community. Called MyKrispyKreme, the portal allows the company's management, franchisees and vendors to access applications and information ..... 17 Jul, 2001
Jenny Craig sees Q4 share 22 cents.
Diet franchise Jenny Craig Inc. on Tuesday said it expects to report fiscal fourth quarter net income of $4.6 million, or 22 cents a share, including tax loss carry-forwards, based on a four percent rise in revenues. .... 17 Jul, 2001
TGI Friday's goes with all-natural burgers.
TGI Friday's, the popular restaurant chain, will now serve burgers made only from beef that is free of antibiotics or growth hormones - at the urging of its customers. .... [more] 16 Jul, 2001
Regulators clear merger with Cendant unit.
U.S. anti-trust regulators have cleared Inc's merger with a unit of franchise giant Cendant Corp., a combination which strengthened the leading online real-estate services company, the firm said on Monday. .... 16 Jul, 2001
The Hole in the Doughnut Strategy.
Let's just bite right into it: Krispy Kreme Doughnuts Inc. has one of America's most hyped brands of sugar-coated, fat-fried flour. .... [more] 15 Jul, 2001
India native rides sub shop success.
Sixteen years ago, when India native Pradhuman Patel arrived in the United States, he had no idea he would one day blossom into a fast-growing Milwaukee franchise restaurant owner. .... [more] 13 Jul, 2001
Staffing firm finds a buyer.
Once the largest computer coaching company in the Triangle, ExecuTrain of North Carolina has laid off employees and signed to sell the franchise to a Florida concern. .... [more] 13 Jul, 2001
Shilo Inns dips toe in franchising pool.
Portland, Or.-based Shilo Inns is jumping into the franchise game. .... [more] 12 Jul, 2001
Italian Pie expanding to Alabama.
New Orleans-based restaurant chain The Italian Pie says it will open up to seven locations in Alabama over the next three to four years. .... [more] 12 Jul, 2001
Krispy Kreme gives Rosemont sweet dreams.
The gooey doughnut craze that has hit Chicago under the name of Krispy Kreme Doughnuts shows no sign of a letup. .... 12 Jul, 2001
Papa John's sees Q2 profit ahead of previous view.
Pizza chain Papa John's International Inc. said on Thursday it expects second-quarter earnings to meet or exceed the upper end of a previously announced range. .... 12 Jul, 2001
Choice Hotels sees better-than-expected Q2 EPS.
Hotel franchiser Choice Hotels International Inc. said on Thursday it expects to report second-quarter earnings in excess of analysts' forecasts, crediting its franchising-based system that shields it from industry swings for the upside announcement. .... 12 Jul, 2001
Starbucks set on Euro expansion despite economy.
Europe's economic slowdown is not dampening coffee shop chain Starbucks Corp's plans to expand on the continent from a toehold in Switzerland, company chairman Howard Schultz said on Thursday. .... 12 Jul, 2001
McDonald's shares hit by CFO concern, then recover.
McDonald's Corp.'s recovered after falling 2.6 percent in early trading on Wednesday, a market reaction analysts attributed to the company's decision to name an insider to the post of chief financial officer. .... 11 Jul, 2001
McDonald's plans teams to combat bad service.
Rude employees in its restaurants are costing McDonald's Corp. millions of dollars in lost sales each year, according to company documents. .... 11 Jul, 2001
S.A. couple ink 25-bakery franchise deal.
Hope and Ramiro Andrade of San Antonio have signed a franchise deal with a Canadian cinnamon-roll bakery operator to open 25 stores in Texas. .... [more] 10 Jul, 2001
Health club abruptly closes up.
As promised, the owner of the Women's Workout World in Carpentersville that abruptly closed its doors last week without notifying its members posted some information Monday about the options for irritated customers. .... 10 Jul, 2001
Eating Wisely on the Run.
You want to eat right, but it's tough to do when driving in the car on a summer vacation or when on a tight work schedule. But if you choose wisely, even fast food joints have some healthy options. .... 9 Jul, 2001
Incentive Programs Aid Inner-City Entrepreneurs.
Public-private coalitions are opening the door for franchisees with less-than-stellar bank accounts to establish outlets in disadvantaged communities. .... [more] 9 Jul, 2001
Mail Boxes Etc. Selects Doner as National Advertising Agency of Record.
Mail Boxes Etc., the world's largest franchisor of retail postal and business services, has selected Doner to handle the franchise's national advertising account pending the successful negotiation of a formal business agreement. .... 9 Jul, 2001
Sub king's hair salons to pepper D.C. region.
Haircolorxpress plans to open more than 400 franchised salons within eight years in D.C., Virginia, Maryland and Delaware. .... [more] 9 Jul, 2001
U.S. casual restaurants seen beating rising costs.
U.S. casual dining and fast-food restaurants face higher food and energy costs, and continued tight labor markets, but will likely weather those difficulties fairly well in coming months, analysts said. .... 9 Jul, 2001
Cendant says Galileo takeover passes first hurdle.
Cendant Corp., the franchising company that owns Avis car rental and Century 21 real estate brands, said on Monday that its proposed $2.9 billion acquisition of Galileo International had passed an initial antitrust hurdle. .... 9 Jul, 2001
Regis same-store sales lower than expected.
Hair salon operator Regis Corp. said on Monday its sales at salons open at least a year rose 1.8 percent in June, slightly below the company's expectations. .... 9 Jul, 2001
How to Make Franchises Add Up.
Fransmart Inc. took its development formula to the Net. The company now creates internal Internet-based networks, known as "intranets", specific to the needs of a business that wants to become a franchise. .... [more] 8 Jul, 2001
Krispy Kreme store sets midnight debut.
A stiltwalker and a caricature artist will be at the July 17 grand opening of the newest Chicago area Krispy Kreme store, but it's a good bet most people will be concentrating on the doughnuts. .... 7 Jul, 2001
Appeals Court Revives Taco Bell Lawsuit.
Every dog has its day - and two Michigan men will have a chance to prove Taco Bell Corp. stole their cocky Psycho Chihuahua character for its ad campaign featuring the "Yo quiero Taco Bell" catch phrase. .... 6 Jul, 2001
RadioShack Buys Out Microsoft Interest.
RadioShack Corp. said Friday it has agreed to buy Microsoft Corp.'s 25 percent stake in the consumer-electronics chain's Internet venture, LLC, for $88 million in cash. .... 6 Jul, 2001
Hare Krishnas in Dallas fight McDonald's.
Members of a Hare Krishna temple are fighting a proposed McDonald's restaurant nearby, saying it would foul the air with the smell of meat. .... 6 Jul, 2001
Burger King steps up pressure on slaughter rules.
The Agriculture Department denies allegations by Burger King Corp. that government inspectors are failing to enforce humane-handling standards in slaughterhouses. .... [more] 6 Jul, 2001
Niche Market Sparks An Unlikely Franchise.
On the surface, narrowcasting seems improbable at best. But Batteries Plus, the brainchild of a businessman who decided to honor his inner entrepreneur, is one franchise concept that has beaten the odds. .... [more] 6 Jul, 2001
Pizza firm buys back local franchise, eyes expansion.
Recently, Larry Flax, co-founder of California Pizza Kitchen, did something he has never done in his 16 years in the franchise business: he bought back a franchise. .... [more] 6 Jul, 2001
RadioShack Sales Up 4 Percent.
Consumer electronics retailer RadioShack Corp. said on Friday that sales at stores open at least a year rose 4 percent in June on strong sales of wireless equipment. .... 6 Jul, 2001
Automotive franchise revs its engines.
If it's broken, don't fix it. That has been Greg Ryan's business motto since he started Ryan Engine Exchange, a franchise operation that replaces damaged car engines with new ones. .... [more] 6 Jul, 2001
Famous Dave's to be new pig on the block.
Restaurant developer David Erickson is bringing a fast-growing restaurant concept to Greater Cincinnati: Famous Dave's barbecue. .... [more] 6 Jul, 2001
Domino's New Marketing Chief Talks Priorities.
Ken Calwell turned 39 on June 20, and his birthday gift to himself was to accept the top marketing position at Domino's. .... 5 Jul, 2001
McDonald's bars Egyptian singer.
McDonald's international headquarters says a performer who gained fame singing "I hate Israel" will no longer also be singing the praises of a new Mideast-flavored snack on the fast food giant's menus in Egypt. .... 4 Jul, 2001
Starbucks Threatens Austrian Coffee Culture.
Starbucks Corp, the U.S-based specialty coffee chain, plans to challenge Vienna's traditional coffeehouses by opening a dozen outlets here, Starbucks President Peter Maslen said on Wednesday. .... 4 Jul, 2001
Franchisee Succeeds After New World Odyssey.
Though the dry cleaner, the grocery and the restaurant all seem to pop up overnight as if an immigrant simply steps ashore one day and opens for business the next, the 19-year journey of Myong Juch shows that this isn't the way it happens. .... [more] 3 Jul, 2001
Cendant Under Scrutiny After Purchase.
Last month's purchase of Galileo International Inc. is viewed favorably by investors, but there's an undercurrent of suspicion that the New York-based corporation could use its control of this powerful distribution system to favor its own brands over those of its rivals. .... 3 Jul, 2001
Subway Settle Suit for $10 Million.
An 8-year-old boy who contracted hepatitis A and needed a liver transplant after eating at a Subway sandwich outlet won a $10 million settlement. .... 3 Jul, 2001
Steak Escape sees sizzle in stand-alone stores plan.
Even though roughly 25 of the 40 restaurants Escape Enterprises Ltd. plans to open this year would operate from shopping malls, the restaurant chain is pushing forward with a commitment to transform itself into a free-standing restaurant concept. .... [more] 2 Jul, 2001
Cendant to Outsource Membership Units.
Cendant Corp., the franchising giant that owns Avis car rental and other brands, said on Monday that it had signed an agreement to outsource and license its membership business units in a 40-year deal that will bolster its 2002 earnings. .... 2 Jul, 2001
Your Franchise Should Match Your Personality.
Savvy entrepreneurs evaluate their own strengths and weaknesses when selecting a business opportunity. .... [more] 2 Jul, 2001
No-frills burger joint survives tough times.
The Hamburger Stand is proving it can stand the competition. .... [more] 2 Jul, 2001
Ultimate to roll out Gator's Dockside nationally.
Gator's Dockside sports bar and eatery is going national under a partnership with Ultimate Franchise Systems. .... [more] 2 Jul, 2001
Krispy Kreme insiders reap huge benefits.
Krispy Kreme Doughnuts insiders finally are starting to take advantage of the company's sweet success. .... [more] 2 Jul, 2001
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