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UNITED STATES FRANCHISE NEWS ARCHIVE

 
: : Oct 2001

No Smiles for McDonald's Customers. In an effort to please Wall Street, the fast-food giant has expanded too quickly. .... 31 Oct, 2001
Marriott Helps Hotel Investors Sleep Better.
Brand strength and limited operating risk are accommodations that make Marriott International a four-star investment. .... 31 Oct, 2001
7-Eleven to offer Verizon services in some stores.
7-Eleven Inc. on Wednesday said it reached a five-year deal with telecommunications company Verizon Communications allowing the convenience store chain's customers to pay telephone bills and order long distance and other services at Internet kiosks in its stores. .... 31 Oct, 2001
McDonald's to Cut Store Openings.
McDonald's Corp., the largest fast-food chain, will open 200 fewer restaurants next year and buy back as much as $5 billion of its stock to help boost sales and profit. .... 25 Oct, 2001
Burger King names execs to aid break from Diageo.
Burger King Corp., in another step toward a widely expected separation from parent company Diageo Plc, named executives on Thursday to help the world's No. 2 hamburger company stand on its own. .... 25 Oct, 2001
Hilton's Profit Drops 66% in 'Difficult' Third Quarter.
Hilton Hotels Corp. on Tuesday reported a 66% plunge in third-quarter earnings and forecast dismal results for the remainder of the year amid a dramatic drop in travel triggered by the mid-September terrorist attacks. .... 25 Oct, 2001
Arby's Lowers Franchise Costs.
Proprieters of individual fast food outlets don't have much individual buying clout. But thanks to an e-marketplace developed by Arby's, thousands of its far-flung franchises will receive the same discounts, whether the owner manages one restaurant or 100. .... 23 Oct, 2001
Seattle's best takes on Starbucks: Company plans to open 22 shops in western Canada.
The Canadian coffee market may be soaked in non-fat lattes and double tall mochas with whole milk and whipped cream, but there is still something missing, according to AFC Enterprises Inc., a U.S. franchising giant. .... 23 Oct, 2001
DVDs propel Blockbuster growth.
The world's largest video rental chain saw its earnings rise by 92% in the third quarter, helped by steady growth of DVD rental revenues. .... [more] 23 Oct, 2001
Hair salon chain Regis quarterly income rises.
Hair salon operator Regis Corp. said on Monday that first-quarter net income rose 21 percent, in line with Wall Street expectations. .... 22 Oct, 2001
Local Rally's franchise group bought.
The largest franchisee of Rally's Hamburgers restaurants in Ohio has sold its fast-food outlets in the state to a franchise group out of Florida. .... [more] 19 Oct, 2001
McDonald's launches shake-up.
McDonald's has launched a shake-up of its US operations, in the hope of checking a nine-month-long slide in profits. .... [more] 18 Oct, 2001
Taco Bell may boost Tricon 4th quarter earnings.
Tricon Global Restaurants Inc., the No. 2 restaurant operator in the world, said on Tuesday that fiscal third-quarter earnings rose, and reaffirmed full year forecasts as it nears completion of a restructuring of 1,000 Taco Bell franchises. .... 17 Oct, 2001
U.S. icon McDonalds embraces Islam in Indonesia.
Step inside a McDonald's restaurant in Indonesia's capital, scene of daily anti-American protests over U.S.-led strikes on Afghanistan, and the first thing you see is not a Big Mac but a large Islamic poster. .... 12 Oct, 2001
Argentina seeks fines for McDonald's over E.coli
. Health officials in Argentina's capital are asking a court to fine McDonald's Corp. up to $500,000 after tests showed beef and chicken burgers at four restaurants were tainted with the potentially deadly E.coli bacteria, officials said on Friday. .... 12 Oct, 2001

US retail sales plunge.
Retail sales in the US plunged in September, confirming just how badly consumer confidence has been affected by the 11 September attacks in New York. .... [more] 12 Oct, 2001
Financing a Franchise Becomes Much Easier.
Sonja Michael, a corrections officer at the Willard-Cybulski Correctional Institution in Enfield, Conn., dreamed of turning in her badge. "I love to cruise, and I thought, what better way to make a living than by dealing with happy people going on vacation instead of with inmates who are just the opposite," she says. .... [more] 10 Oct, 2001
Starbucks stock storms Japan.
Shares in Starbucks Japan climbed as much as 30% during the company's debut on the Japan Nasdaq stock market. .... [more] 10 Oct, 2001
McDonald's Eliminates Two Divisions.
McDonald's Corp. is cutting the number of divisions in its domestic operations from five to three to improve communication between headquarters and individual restaurants. .... 9 Oct, 2001
Spherion sees Q3 earnings at low end of range.
Spherion Corp., a temporary staffing provider, on Monday said it will report third-quarter earnings at the low end of its previous guidance and cut 500 jobs, taking charges of up to $80 million, as part of its restructuring. .... 7 Oct, 2001
Marriott Expects Drop in 4th-Quarter Profit
. Marriott International Inc., whose World Trade Center hotel was destroyed in the Sept. 11 terrorist attacks, said it expects a sharp drop in fiscal fourth-quarter profit because of the travel crisis the attacks exacerbated. .... 5 Oct, 2001
RadioShack's September Comparable Store Sales Decrease 3%.
RadioShack Corporation reported today that total sales from its retail division, including sales to its dealer/franchise stores, decreased 6% from $376.2 million last year to $354.0 million this year. .... 4 Oct, 2001
Seattle's Best Coffee(R) Launches New Cafe Design Redesign Defines the All American Cafe.
- Seattle's Best Coffee®, a subsidiary of AFC Enterprises, Inc. is debuting an entirely redesigned cafe, which will serve as the prototype for future company-owned and franchise locations. .... 4 Oct, 2001
Wall Street Deli files for Chapter 11.
Restaurant operator Wall Street Deli Inc. on Tuesday said it filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code. .... 3 Oct, 2001
Hotels in US lay off a million workers.
In Las Vegas, casino workers are being sacked without so much as a thank you. At one resort, the news of their dismissal was written on their time cards. .... [more] 3 Oct, 2001
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