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UNITED STATES FRANCHISE NEWS ARCHIVE

 
: : Mar 2002

Starbucks: Dial 'M' for Mochaccino. Don't want to wait on line for a caffeine fix? Those who crave a Starbucks cappuccino can call ahead to avoid a wait. .... 31 Mar, 2002
Burger King Corporation to Launch Chicken Whopper(TM) Sandwiches.
Burger King Corporation today announced the April 1st worldwide introduction of the CHICKEN WHOPPER(TM) and CHICKEN WHOPPER JR.(TM) sandwiches, the first and only WHOPPER(R) brand extension in the brand's 45-year history. .... 28 Mar, 2002
Jack in the Box Says Estimates on Target.
Jack in the Box Inc. said second-quarter and annual profit will meet the company's estimates as the hamburger-restaurant chain reduces costs. .... 27 Mar, 2002
McDonald's CEO to Stay 3 More Years.
McDonald's Corp.'s decision to extend the tenure of its chief executive for three more years is a signal that management continuity is more important to the company than concerns about its weak near-term outlook, analysts said. .... 27 Mar, 2002
Arby's could yield tasty Triarc returns.
Investment pioneer Ben Graham and those other guys whose names no one can remember anymore used to tell anyone who'd listen that successful investing rested on a simple practice: buying dollars for quarters. .... 26 Mar, 2002
Foot Locker Poised To Perform.
After a rough stretch in the 1990s, Foot Locker , the world's largest retailer of athletic footwear and apparel, has done a good job of identifying and capitalizing on its best assets. The New York-based company is looking to Nike and the European consumer to lead growth in the years ahead. .... 26 Mar, 2002
Frankie's hopes to go from single restaurant to national chain.
A Charlotte restaurant is quietly preparing for the big time with an expanded menu, swanky cocktails and a new service structure. .... [more] 25 Mar, 2002
Krispy Kreme speeds disclosure on stock sales.
Having weathered criticism that compared some financing procedures to the accounting that got Enron Corp. in trouble, Krispy Kreme Doughnuts Inc. has announced new measures to increase reporting about the company's performance. .... [more] 25 Mar, 2002
Sonic drive-in chain reports profits up.
Drive-in restaurant chain operator Sonic Corp. said on Monday that second-quarter earnings climbed about 29 percent, driven by a 7.3 percent surge in sales in restaurants open at least one year. .... 25 Mar, 2002
Fred's to open $25M warehouse in Ga.
Memphis-based Fred's, Inc., says it plans to invest $25 million to open a distribution center in Dublin, Ga., to supplement the operations of its Memphis center. .... [more] 22 Mar, 2002
Up periscope: Sub shops scouting here.
Seeking to capitalize on a booming market for sandwich stores, a flotilla of sub shops is dropping anchor in the Twin Cities. .... [more] 22 Mar, 2002
Restaurant franchisees scout area for even more locations.
Denver is cooking up a reputation among restaurant chains across the country as the best place to establish a franchise base. .... [more] 22 Mar, 2002
Image transformation.
For many businesses a downtrodden economy translates into dips in revenue, but that hasn't been the case for fast-food restaurant company Golden Chick. .... [more] 22 Mar, 2002
Upper crust: Jet City Pizza's plans take flight.
Woodinville-based Jet City Pizza Co. is baking up a half-dozen new locations around Puget Sound this year, propelled by the success of its gourmet pizza products. .... [more] 22 Mar, 2002
Two Men and a Truck wins company awards.
The Greensboro franchise of Two Men and a Truck/International has won two awards from its parent company - one for sales and one for market share. .... [more] 21 Mar, 2002
Winter Park firm named as SixContinents' Franchisee of the Year.
Atlanta-based SixContinents Hotels Inc. named Prince-Bush-Smith Investments Inc. of Winter Park as its 2001 Franchisee of the Year. .... [more] 20 Mar, 2002
Krispy Kreme mobile store ready for W-S debut.
Krispy Kreme Doughnuts Inc. will debut its mobile store in Winston-Salem on March 23, the company said Wednesday. The Krispy Kreme Mobile Store is designed to replicate the operations of a regular store within an 18-wheel truck. .... [more] 20 Mar, 2002
Starbucks targets Puerto Rico.
Starbucks Coffee Co.'s international unit has signed a joint venture agreement with Puerto Rico Coffee Partners LLC to open Starbucks stores in Puerto Rico. .... [more] 20 Mar, 2002
New Computer Service in Canton.
Ranked the #1 Tech Support franchise by Entrepreneur magazine, Computer Troubleshooters provides a complete range of onsite computer services to small businesses that don't have a full time IT person on staff. .... 20 Mar, 2002
Wendy's ordering up R&D upgrades to test initiatives.
Wendy's International Inc. plans to expand its Dublin headquarters complex to beef up its research-and-development capabilities. .... [more] 18 Mar, 2002

Cendant boosts first-quarter outlook, citing revenue surge.
Cendant Corp. said Monday it raised its first-qua .rter earnings outlook above Wall Street's expectations, citing higher-than-expected revenue, particularly in its real estate franchise, Avis and Galileo units. .... 18 Mar, 2002
2 Harley dealers within 10 miles has owners fuming.
Motorcycle enthusiasts may be in hog heaven when a new Harley-Davidson dealership opens in south St. Louis County later this year. But the move puts two dealerships within 10 miles of each other, and the owners of the businesses are revving up for some competition. .... [more] 18 Mar, 2002
Burger King debuts BK Veggie burger.
The company that made flame-broiled hamburgers famous is showing off its veggie side. .... [more] 18 Mar, 2002
Mexican Restaurants Inc. loss widens due to charges.
Mexican Restaurants Inc. on Monday said its 2001 fourth-quarter net loss widened due to asset impairment and costs for closing restaurants, but it forecast higher earnings for 2002. .... 18 Mar, 2002
Elbow room.
New owners of Albuquerque mortgage brokerage franchise use innovative techniques, persistence to draw clients in crowded market. .... [more] 18 Mar, 2002
Gold's Gym looks to bulk up area presence.
When Scott Theeringer looks across the Metroplex, he sees plenty of people who want to stay healthy, which spells opportunity for his Gold's Gym franchise. .... [more] 15 Mar, 2002
Franchising offers fast expansion.
All that's needed is research, planning. .... [more] 15 Mar, 2002
Rita's to Celebrate the First Day of Spring With Free Italian Ice for Everyone.
In what has become one of the most eagerly anticipated signs of Spring, Rita's, the nation's largest Italian Ice chain, will give a FREE medium ice to everyone who stops by one of its more than 240 locations on Wednesday, March 20. .... 14 Mar, 2002
Asbury Auto's IPO Priced at Upper End of Estimate at $16.50 Each.
An initial public offering of 7.7 million shares of auto-franchise operator Asbury Automotive Group Inc. was priced at $16.50 Wednesday through underwriters led by Goldman Sachs Group Inc. .... 14 Mar, 2002
CKE Restaurants 4th-quarter net loss narrows.
Fast food chain CKE Restaurants Inc. on Thursday reported a narrower fourth-quarter loss, helped by higher sales in its restaurants open at least one year. .... 14 Mar, 2002
Asbury Auto Group Goes Public.
One of the country's biggest car retailers raised about $127 million Wednesday in an initial public offering that is expected to lead to more consolidation in the fragmented auto industry. .... 13 Mar, 2002
Consumers Honor Panera Bread With Prestigious Choice in Chains Award.
Panera Bread has won a prestigious Choice in Chains award, the definitive restaurant industry customer-satisfaction award. .... 13 Mar, 2002
Tony Roma's Signs Two Major Development Agreements.
Romacorp, Inc. announced the signing of two major domestic franchise development agreements. The company also announced the opening of the first Tony Roma's restaurant in Australia and opening of the 13th Tony Roma's restaurant in Spain. .... 12 Mar, 2002
Tricon To Unite Taco Bell, Long John Silver's.
Don't be surprised if you see flat-bread fish sandwiches and clams on the menu the next time you visit your local Taco Bell. The Mexican fast-food chain will see several of its units spilt in half - as if by asexual reproduction - to make room for fish restaurant Long John Silver's. .... 12 Mar, 2002
Quality Dining reports higher 1st quarter earnings.
Quality Dining Inc., which owns and operates restaurant chains, Tuesday posted sharply higher quarterly earnings after acquiring 41 new Burger King franchises. .... 12 Mar, 2002
Rocky Mountain Chocolate Factory, Inc. Exceeds Store-Opening Goals for FY2002.
Rocky Mountain Chocolate Factory, Inc. today announced that 25 new franchised stores were opened during the fiscal year ended February 28, 2002. .... 12 Mar, 2002
Bassett franchise hounds new locations, revenue.
Their paths have gone in various directions, but crossed along the way through the years. Now, five young businessmen have come together in a partnership that is blazing a fast track, franchising stores for Bassett Furniture Direct. .... [more] 8 Mar, 2002
Franchise group picks PayMaxx for branded payroll
The American Association of Franchisees & Dealers, a national non-profit trade group representing franchisees and independent dealers, has chosen PayMaxx Inc. as its branded payroll provider. .... [more] 8 Mar, 2002
Krispy Kreme Profits Up 94 Percent.
Krispy Kreme Doughnuts Inc. said Friday its fourth-quarter profits nearly doubled, on stronger sales and helped in part by an additional week in the latest reporting period. .... 8 Mar, 2002
Krispy Kreme moves to boost investor confidence.
Krispy Kreme Doughnuts Inc. has made changes to its board of directors and its franchise investments to boost investor confidence, the Wall Street Journal reported on Friday. .... 8 Mar, 2002
McDonald's Makes Beef-Tainted Fries Payout.
McDonald's Corp. plans to issue a new apology and pay $10 million to vegetarian and religious groups for using beef flavoring in its French fries, in a proposed settlement of lawsuits charging that the company had misled consumers. .... 7 Mar, 2002
Wendy's Confirms Strong Sales Growth In February.
Wendy's International, Inc. today confirmed strong sales results in February. .... 7 Mar, 2002
Bankruptcy judge gives Planet Hollywood more time.
Planet Hollywood International has been given another month to prepare its bankruptcy reorganization. .... 6 Mar, 2002
Getting to the Bottom Of the Franchise Pitch.
The Internet is franchising's hottest marketing medium, but site quality varies widely, and there are few rules on what franchisers must reveal. .... 2 Mar, 2002
Shoney's, Inc. Schedules Shareholders' Meeting.
Shoney's, Inc. announced today that its Board of Directors has set April 10, 2002, as the date of its special shareholders' meeting at which. .... 1 Mar, 2002
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