UNITED STATES FRANCHISE NEWS ARCHIVE
: : Apr 2002
| McDonald's Opens Mega-Restaurant in Ohio. McDonald's
Corp. said on Tuesday it has opened a mega-restaurant in Columbus,
Ohio, featuring attractions for tots through teens, as well as adults,
as the world's largest restaurant chain, which been battling sluggish
sales in its core U.S. market, moved to reinforce its family-friendly
image. .... 30 Apr, 2002
Webcast Alert: Wendy's International, Inc. Invites You to Join
A Webcast of Its Shareholders Meeting. In conjunction with
Wendy's International, Inc. Shareholders Meeting, you are invited
to listen to the meeting that will be broadcast live over the Internet
on Wednesday, May 1 at 10:00 a.m. EDT. .... 30 Apr, 2002
KFC says no to bite of BK. Tricon Global Restaurants,
operator of the KFC, Pizza Hut and Taco Bell chains, is not bidding
for Burger King, according to its Chief Executive David Novak. ....
30 Apr, 2002
Mexican fast-food chain targets Seattle for franchises.
Del Taco Inc. said Tuesday it plans to open up to 50 of its Del Taco
fast-food restaurants in the Seattle area during the next five years.
30 Apr, 2002
Qdoba Mex Grill heats up. Qdoba Mexican Grill, a fast
growing restaurant chain based in Denver, is preparing to enter a
Pittsburgh market some say is lacking in Mexican dining options. ....
29 Apr, 2002
Profit Rises for KFC, Pizza Hut Operator. Tricon Global
Restaurants Inc., operator of the KFC, Pizza Hut and Taco Bell chains,
said on Monday quarterly profit rose 41 percent as growth jumped in
China, Mexico and South Korea and profit margins increased. .... 29 Apr, 2002
Where to Find the Best Franchise Opportunities. A prospective
franchisee asks how to identify the best concept for his unique needs.
29 Apr, 2002
Tanishq Aria set for US market. Titan's jewellery arm
Tanishq is ready for its US foray with the seven-stone diamond collection
Aria. The collection will be distributed through US company Highglow
which caters to the ethnic Indian and Asian population. .... [more]
27 Apr, 2002
Mrs Fields' 25 years of cookie success. Twenty-five
years ago when mood rings, lava lamps and pet rocks were all the rage,
20-year-old Debbi Fields conceived of one really big bake sale - and
Mrs. Fields cookies were born. .... 26 Apr, 2002
Black McDonald's association elects new chairman. The
National Black McDonald's Operators Association (NBMOA), one of the
largest and most influential African-American business organizations
in the country, has elected Larry Tripplett, a 14-year McDonald's
industry veteran, as Chairman and CEO. .... 26 Apr, 2002
Eat What You Love, Love Where You Eat. A high-profile
new national branding campaign for T.G.I. Friday's(R) restaurants
will launch the week of April 29 on network television and national
cable. .... 26 Apr, 2002
Beaverton franchise stays open as Earful of Books shuts company
stores. The Beaverton operator of an audiobook store franchise
knew something was up when he called the corporate headquarters a
few days ago and nobody answered the phone. .... [more]
25 Apr, 2002
McDonald's-Fazoli's Venture Continues Several Trends.
McDonald's Corp.'s intention to partner with "fast-casual" Italian
restaurant chain Fazoli's continues three trends. .... 24 Apr, 2002
How Feasible Is That Irresistible Franchise? Back in
1993, teaching computer skills to small children seemed like a sure-fire
business success. But as those who flocked to this idea soon discovered,
the model had serious flaws. .... [more]
23 Apr, 2002
Franchise Services, Inc. Selects Hemera GraphicsDesk Image
Access Solution for 1,000 Franchisees Worldwide. Hemera Technologies
Inc., today announced that it has entered into a business relationship
with Franchise Services, Inc. for the distribution of the Hemera(TM)
GraphicsDesk(TM) image access solution to more than 1,000 franchises
worldwide. .... 23 Apr, 2002
The dating game. Dating services have been around for
a long time. Online matchmaking has only added to the options, so
can another "man meets woman" service make it in St. Louis? .... [more]
22 Apr, 2002
Papa John's Testing Deep-Dish Pizza In Wichita Market.
Until now, Papa John's International Inc. has made only two kinds
of pizza: traditional and thin-crust. .... 22 Apr, 2002
Supervalu to open new stores, expand low price store assortment.
Eden Prairie-based Supervalu Inc. plans to open 150 to 170 extreme
value grocery stores in fiscal year 2003, up from 37 last year, according
to the company's 10K released Friday. .... [more]
19 Apr, 2002
Burger King Franchisees Work With Texas Pacific On Bid.
Burger King's U.S. franchisee association, which operates most of
the chain's restaurants, is "working very hard" with Texas Pacific
Group in "crafting and cobbling together a bid for the brand," the
association's head said Friday. .... 19 Apr, 2002
McDonald's profits still in decline. Fast food giant
McDonald's has reported a further fall in profits over the past trading
quarter - its earnings have declined steadily over an eighteen month
period. .... [more]
19 Apr, 2002
Snap-on to Webcast its 2002 Annual Meeting of Shareholders.
Snap-on Incorporated announced today that its 2002 Annual Meeting
of Shareholders will be Webcast live via the Internet. .... 19 Apr, 2002
DoubleDave's pizza chain will toss its dough in San Antonio.
First it was Krispy Kreme. Now another popular franchise is making
its way to the Alamo City. .... [more]
19 Apr, 2002
Cendant's 1st-Quarter Earnings Climb 43%. Cendant Corp.
said its first-quarter earnings rose 43% as the world's largest hotel
franchiser was helped by a rebound in travel and acquisition of the
Avis car rental firm and other businesses. .... 18 Apr, 2002
McDonald's learns the ropes of being an American icon abroad.
In the services-led expansion of the 1980s, McDonald's, the worldwide
king of fast food, replaced General Motors as the benchmark by which
the health of the US economy was measured. .... 18 Apr, 2002
Owens Corning ELAMINATOR(R) System Changing from Licensee to
Franchise Model. Owens Corning has changed the marketing of
its ELAMINATOR(R) Insulating Systems from the current licensing agreements
to a network of franchises. .... 17 Apr, 2002
Elephant & Castle Signs New Franchise Deal in New Jersey.
Elephant & Castle Group Inc. announced today that it has added another
franchised location to its Northeastern US cluster of pub-restaurants
- and will open an Elephant & Castle at a Holiday Inn in Springfield,
New Jersey. .... 17 Apr, 2002
Three Charged in Hotel Fraud Scheme. Two men who once
owned more than 50 Days Inn hotels nationwide have been charged with
defrauding banks by portraying themselves as too broke to pay off
debts while leading luxurious lifestyles. .... 17 Apr, 2002
US-European salons in big hair merger. The world's
largest group of hairdressers, Regis of the US, has said it is to
buy Europe's largest hair salon chain, Jean Louis David. .... [more]
16 Apr, 2002
Star Wars Products Land at Toys 'R' Us. Toys "R" Us
announced today that select stores nationwide will open at 12:01 a.m.
on April 23rd to accommodate the demand for Star Wars product. ....
16 Apr, 2002
Roadhouse Grill, Inc., Announces Reorganization. As
part of its focus on strengthening its financial position and continuing
its growth, Roadhouse Grill, Inc., a full-service, casual-dining restaurant
operator, today announced its reorganization under Chapter 11 ....
16 Apr, 2002
Krispy Kreme: Franchise repurchase not unusual. Winston-Salem-based
Krispy Kreme Doughnuts Inc. said Monday it was consolidating its company-owned
Miami operations with the currently franchised West Palm Beach, Fla.,
market, creating one of its largest joint ventures. .... [more]
15 Apr, 2002
Checkers serves up quarterly yield. Clearwater-based
Checkers Drive-In Restaurants Inc. reported higher revenue for its
first quarter this year. .... [more]
15 Apr, 2002
McDonald's Touts Record on Social Issues. Stung by
unfavorable attention it has attracted as a symbol of rampant globalization,
McDonald's Corp. is touting its record of promoting animal welfare,
protecting tropical rain forests and hiring disadvantaged workers.
.... 14 Apr, 2002
Retailers Wake Up, Smell the Coffee Cards. The advantages
of paying with a prepaid Starbucks card are clear - if you are Starbucks
Corp. .... 14 Apr, 2002
Moe's Southwest Grill expanding in local market. There's
only one place in town where you can find menu items with names such
as the Art Vandalay or Sherman Klump. But that's about to change.
12 Apr, 2002
Hair Saloon sharpens its image with franchises. St.
Louis is hardly known as a hotbed of franchise activity, but three
native St. Louisans believe this is an ideal place to begin franchising
their concept. .... [more]
12 Apr, 2002
McDonald's plans for faster service hits snag. For
McDonald's Corp., the fast food chain that built its empire on speed,
the perception that its service is too slow has emerged as a nagging
problem. .... 11 Apr, 2002
Finova sells portfolio assets. The Finova Group Inc.
has sold about $485 million of its franchise finance portfolio to
GE Capital Franchise Finance Corp. and another portion of its portfolio
to GE Capital Canada Equipment Financing Inc. for about $490 million,
officials of the Scottsdale-based company said Wednesday. .... [more]
10 Apr, 2002
7-Eleven's March same-store sales up 1.4%. 7-Eleven
Inc. said merchandise sales at its stores open at least a year, or
same-store sales, rose 1.4 percent in March from a year ago. ....
9 Apr, 2002
GNC Partners With March of Dimes for Me & My Baby Folic Acid
Awareness Program. The program is designed to help the March
of Dimes meet its goals for raising awareness among women in their
childbearing years about the benefits of taking folic acid prior to
and during early pregnancy. .... 9 Apr, 2002
Papa John's posts 1.9-percent gain in March comparable sales.
Papa John's International Inc.'s systemwide comparable sales for the
five weeks ended March 31 rose 1.9 percent from a year earlier. ....
9 Apr, 2002
Burger Makers' Not-So-Meaty Prospects. McDonald's,
Wendy's, and Burger King all face varying challenges that will likely
mean little short-term sizzle. .... [more]
9 Apr, 2002
Tricon Reaffirms Earnings Guidance. Fast food restaurant
operator Tricon Global Restaurants Inc. reaffirmed on Monday its 2002
earnings guidance, and said that it expects sales in its U.S. restaurants
open at least a year to rise at least 2 percent this year. .... 8 Apr, 2002
Pizza Schmizza plans to open a store a month. Despite
penny-pinching attitudes among consumers these days, most people are
happy to lay down a few bucks for a tasty slice of pizza. .... [more]
8 Apr, 2002
Franchising Foes Fight A Big Renewal Battle. How franchise
agreements are renewed is at issue in a lawsuit involving H&R Block
and its franchisees - and industry groups on both sides are getting
involved. .... [more]
5 Apr, 2002
Famous Dave's 1st Quarter Revenue $21.2 Million. Famous
Dave's of America Inc. said it had first quarter revenue on the low
side of its guidance range, but a company spokesman said its prior
earnings-per-share estimate of 2 to 3 cents remains unchanged. ....
4 Apr, 2002
Restaurants Accused of Tax Evasion. Guatemala has accused
three U.S. fast food chains of tax evasion and may force them to close
some of their restaurants in this country, officials said Wednesday
night. .... 3 Apr, 2002
Shoney's, Inc. Announces Dismissal of Shareholder Lawsuit.
Shoney's, Inc. announced today that the individual plaintiff
in litigation filed relating to the Company's pending merger had voluntarily
dismissed the lawsuit. .... 1 Apr, 2002
Cendant to acquire Trendwest Resorts. Hotel franchise
operator Cendant Corp. said Monday it plans to buy Trendwest Resorts
Inc., a time-share resort developer, for about dlrs 894 million in
stock. .... 1 Apr, 2002
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