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UNITED STATES FRANCHISE NEWS ARCHIVE

 
: : Aug 2002

In wake of layoffs, franchises see flurry of activity. Sisters-in-law Heidi Holbrook-Kalil and Amy Holbrook began exploring franchise ownership last September as their employment outlook began looking more and more shaky. .... [more] 31 Aug, 2002
AFC continues franchising in tough economy. Despite lower net income and softer same-store sales last quarter, AFC Enterprises Inc. is bullish that its franchise conversion program will eventually help its revenues and, in the long run, double its reach over the next several years. .... [more] 31 Aug, 2002
Women's fitness chains pour on 24 more stores. The fitness center franchise of Curves for Women plans to add 20 stores in Greater Sacramento over the next 18 months, boosting its total to 50, while rival Contours Express plans to break into the market by opening its first four centers here. .... [more] 31 Aug, 2002
Bear Rock Café on the prowl for more Charlotte sites. Cary-based Bear Rock Franchise Systems Inc. is gearing up for a four-restaurant expansion here, starting in the University area. .... [more] 31 Aug, 2002
Famous Dave's to go ahead with second Texas restaurant opening. A Dallas, Texas, court has cleared the way for Famous Dave's of America Inc. to open its second restaurant in Texas. .... [more] 30 Aug, 2002
Video Store Seeks OK to Censor. A video store chain that edits profanity, violence and sex from films asked a judge Thursday to rule the practice is legal, despite protests by such directors as Robert Redford and Steven Spielberg. .... [more] 30 Aug, 2002
Starbucks Plans Latin America Stores. Starbucks Coffee Co. is opening its first chain of stores in Puerto Rico next month, spearheading a push into Latin America, where coffee-growing is a matter of pride and a 50-cent "cafe con leche" is part of the culture. .... [more] 29 Aug, 2002
Krispy Kreme earnings up nearly 50%.
Krispy Kreme Doughnuts Inc. has posted increased revenue and net income for its fiscal second quarter, and its earnings per share beat consensus analysts' expectations by a penny. .... [more] 29 Aug, 2002
Roly Poly restaurants will roll into KC. Roly Poly, a restaurant chain that specializes in rolled sandwiches, plans to open 45 locations in the greater Kansas City area by 2004. .... [more] 28 Aug, 2002
Parent increases stake in Midwest Krispy Kreme stores. Krispy Kreme Doughnuts Inc., the franchisor of the famous doughnut shops, is taking a bigger bite of Glazed Investments, its franchisee for Minnesota, Wisconsin and Colorado. .... [more] 28 Aug, 2002
ExecuTrain inks franchise deal with Dershya. Orlando-headquartered technology training provider Dershya Institute has finished a franchise agreement that expands ExecuTrain business education training locations in Florida. .... [more] 27 Aug, 2002
Volvo construction franchise to open in Hamilton. Volvo Construction Equipment Rents Inc. plans to open its first Cincinnati-area franchise in Hamilton within the next few weeks, according to a press release. .... [more] 27 Aug, 2002
Regis sales and earnings rise. The acquisition of European hair salon franchisor Jean Louis David helped Regis Corp. set new revenue and earnings records for its fiscal 2002 fourth quarter and full year. .... [more] 27 Aug, 2002
Red Robin to expand in four states. Greenwood Village-based Red Robin Gourmet Burgers Inc. announced it will expand its franchisee base by adding as many as 17 new locations over the next seven years. .... [more] 26 Aug, 2002
Tysons sports Web site scores with franchising plan. After starting out focused mainly on reporting high school sports scores online, SportsCombine is branching out into the big bad business world, and it's looking at franchising the operation across the country. .... [more] 26 Aug, 2002

Service, sweet tea the key. Three years ago, a little-known deli chain opened its first store with little fanfare. Over the next 30 months, McAlister's Deli added five locations. .... [more] 26 Aug, 2002
McDonald's Set for Debut in Times Square. In one of the splashiest premieres in Manhattan's theater district this year, McDonald's next month will open a store that it hopes will restore some of the sizzle it's lost in recent years on Main Street. .... [more] 24 Aug, 2002
Economic uncertainty makes franchises attractive option. The latest recession seems to have permanently changed the ways some Americans spend both their working hours and their discretionary income. .... [more] 24 Aug, 2002
David vs. Goliath: Independent gas station owners fuming over costs. Like neighborhood hardware stores, drug stores and mom-and-pop groceries, independent service station operators see themselves as endangered species. .... [more] 24 Aug, 2002
Krispy Kreme to plant flag on Maui. The first Krispy Kreme Doughnut store in Hawaii will not be on Oahu. .... [more] 23 Aug, 2002
Famous Dave's in a stew in Texas. Famous Dave's of America Inc. is in hot water in Texas, after opening a new restaurant at the same time that Colter's Restaurants, and a local builder, McGuire Properties, asked for and received a temporary restraining order against Famous Dave's. .... [more] 21 Aug, 2002
Cendant, owner of Avis, to buy Budget. Cendant Corp., the real estate and travel company that owns the car rental chain Avis, has reached agreement to buy Budget Group Inc. .... [more] 21 Aug, 2002
RadioShack Reduces Its 3Q Outlook. Shares of RadioShack Corp. plunged Wednesday after the consumer-electronics retailer slashed its third-quarter earnings outlook because of a dramatic decline in sales this month. .... [more] 21 Aug, 2002
Cendant to eliminate 300 hotels, or 7 percent of its franchise hotel system. Cendant Corp., owner of hotel brands like Days Inn, Ramada and Howard Johnson, said Tuesday that it will eliminate 300 hotels, or 7 percent of its franchise hotel business, by the end of the year. .... [more] 20 Aug, 2002
Diageo's Burger King Sale Gets Clearance. Diageo Plc's plans to sell the world's No. 2 hamburger chain Burger King for $2.26 billion to a private equity consortium on Tuesday cleared U.S. antitrust review. .... [more] 20 Aug, 2002
Rent-A-Wreck delisting stock. Rent-A-Wreck of America Inc. of Owings Mills plans to terminate its registration with the Securities and Exchange Commission and deregister from the Nasdaq Small Cap Market. .... [more] 20 Aug, 2002
Toys "R" Us Narrows Quarterly Loss. Toys "R" Us Inc. again narrowed its losses in the second quarter and executives gave an upbeat outlook for the rest of the year. .... [more] 19 Aug, 2002
Why Subway Is on a Roll. At least one fast-food chain is happy about all the comparisons between burgers and Big Tobacco these days. .... [more] 19 Aug, 2002
Pasta U.: Pasta House sells franchise to Saint Louis University. Saint Louis University is getting into the restaurant business with an on-campus Pasta House franchise. .... [more] 19 Aug, 2002
Ultimate Franchise brings Tex-Mex chain to the table. Would you like a burrito with that sub? The company that controls the franchise rights to Sobik's Subs through a subsidiary is adding Tex-Mex to its portfolio. .... [more] 19 Aug, 2002
Accountant opens Bear Rock restaurants. A former J.L. French Automotive Castings executive will open the first Wisconsin franchise for a North Carolina-based chain of quick-casual restaurants in Brookfield. .... [more] 19 Aug, 2002
Landmark Harlem restaurant celebrates community revitalization. In their sections on Harlem, many New York travel books highlight the Apollo Theater and the community's many churches. For thousands of visitors, the highlight is a Southern soul food meal at Sylvia's Restaurant. .... [more] 18 Aug, 2002
Location Is Everything To Franchise Hopefuls. What can go wrong when franchises are located the old-fashioned way - by intuition? .... [more] 15 Aug, 2002
Cendant Buys Lodging.com. Cendant Corp., the biggest franchiser of hotels, bought online hotel reservation company Lodging.com to expand its travel reservations business. Terms of the all-cash transaction weren't disclosed. .... [more] 13 Aug, 2002
Kentucky Fried Chicken marks 50th anniversary of first franchise. Pete Harman was building a successful burger business in Utah when a white-haired, goateed acquaintance from Kentucky showed up unexpectedly and offered to cook a fried chicken dinner. .... [more] 12 Aug, 2002
Franchisees Struggle With Skittish Lenders. Franchise lenders are hesitant and demanding, and the reasons why aren't hard to find. Fitch Inc. reports the asset-backed franchise financing market was largely dormant in the first quarter, as cumulative defaults totaled $1.7 billion. .... [more] 10 Aug, 2002
Po'Boys sees a franchise future. It took Po'Boys Creole Cafe nearly 10 years to decide it was time to franchise. But now that the restaurant has made the decision, it's ready to move fast. .... [more] 9 Aug, 2002
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