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 UNITED STATES FRANCHISE NEWS ARCHIVE
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: : Jul 2001
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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 Homestore.com merger with Cendant unit. U.S.
anti-trust regulators have cleared Homestore.com 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, RadioShack.com
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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