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 UNITED STATES FRANCHISE NEWS ARCHIVE
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: : Oct 2002
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Applebee's third-quarter earnings, revenue rise.
Applebee's International Inc.'s third-quarter earnings and revenue
rose compared with last year, the company announced Wednesday. ....
[more]
30 Oct, 2002
Healthy foods turn up in unusual places. As if it wasn't
enough for McDonald's and Frito-Lay to promise more healthful foods.
Now, 7-Eleven is jumping on the better-for-you bandwagon. .... [more]
29 Oct, 2002
Papa John's Posts Flat Net, Cuts Jobs. Pizza restaurant
operator Papa John's International Inc. said on Tuesday its third-quarter
net income was flat from last year, but warned revenue growth would
slow next year amid mounting competition and higher labor costs, leading
to some job cuts. .... [more]
29 Oct, 2002
'Battle of the buns' waged at Metrocenter. Cinnzeo,
a cinnamon roll bakery franchise, has set up shop at Metrocenter -
the first mall in North America where Cinnzeo and Cinnabon are competing
against each other. .... [more]
28 Oct, 2002
Just Lunch takes tension out of a date. After 17 years
of severing marital ties as a divorce lawyer, Scottie Johnson has
started a new career as a matchmaker, arranging lunch dates for busy,
professional single people. .... [more]
28 Oct, 2002
Jack In The Box To Open Convenience Stores. San Diego-based
Jack in the Box is getting into the convenience store business, it
was announced Friday. .... [more]
25 Oct, 2002
Wendy's to buy 25% of pasta chain. Wendy's International
Inc. plans to buy a 25 percent stake in the Pasta Pomodoro restaurant
chain for $12 million. The deal is expected to close in the next few
days. .... [more]
24 Oct, 2002
7-Eleven Inc. reports decrease in Q3 net income. Dallas-based
convenience store chain 7-Eleven Inc., which operates stores throughout
New Mexico, reported a decrease in net income for the third quarter
ending Sept. 30, 2002. .... [more]
24 Oct, 2002
Wendy's profit rises 16.2 percent in 3Q. Dublin's Wendy's
International Inc. reported its net income rose 16.2 percent for the
third quarter ended Sept. 29. .... [more]
24 Oct, 2002
Coverall Cleaning Concepts Sees Tremendous Growth. Coverall
Cleaning Concepts(R), the fastest growing commercial cleaning franchise,
is growing at an incredible pace. .... [more]
23 Oct, 2002
Get 'em while they're hot. Note to all Philadelphia
Krispy Kreme addicts: Take a seat. Inhale. Exhale. Philly's first
Krispy Kreme Factory Store will open on Nov. 7, bringing hot Krispy
Kreme doughnuts to the city for the first time. .... [more]
23 Oct, 2002
McDonald's slows global advance. Fast-food group McDonald's
has said it will cut new openings and focus on existing restaurants,
after reporting another drop in earnings. .... [more]
22 Oct, 2002
Rude Awakenings May Await New Franchisees. How much
do you really know about that franchise you're planning to buy? These
tales from the field show why you need to carefully investigate ownership
and operational issues before signing a contract. .... [more]
22 Oct, 2002
Red Robin Adds Another Franchisee; Texas-Based Franchisee to
Open Seven Locations. Red Robin Gourmet Burgers, Inc., announced
it has expanded its franchisee base with the addition of a new franchise
partner - Wimberly, Texas-based Centex Red Bird L.L.C. .... [more]
22 Oct, 2002
Snap-on earnings, excluding costs, decline. Snap-on
Inc. reported net income for the third quarter of $19.2 million, or
33 cents per share, compared with $600,000, or 1 cent per share, for
the same period a year ago. .... [more]
22 Oct, 2002
'Latino' pizza chain savors national pie. Ever since
he planted new roots in Texas in the 1980s, restaurant entrepreneur
Antonio Swad has coveted the Hispanic market. .... [more]
21 Oct, 2002
Franchise plan fuels scaled-down Toot's. Sam Ridley
Parkway in Rutherford County is a franchise test site for restaurant
owner Jim Demos' revised Toot's format. .... [more]
21 Oct, 2002
Good hair days spur talk of IPO. Business is full of
three-letter acronyms - SEC, CEO, ISP. But Haircolorxpress is throwing
one around people may not have heard much lately: IPO. .... [more]
21 Oct, 2002
Cendant's Net Profit Grows 19%. Travel and real estate
conglomerate Cendant Corp. said Monday that net income increased by
19 percent during the third quarter because of the strength of its
car rental and residential real estate businesses. .... [more]
21 Oct, 2002
Supplier has taste for Bob's, plans to bring 10 to Valley.
Grant Goodman is giving business diversification a new look, complete
with burgers and fries. .... [more]
21 Oct, 2002
Coverall Cleaning Concepts Expands to the Caribbean.
Coverall Cleaning Concepts(R) today announced the November 1 2002,
opening of a new franchise in the Dominican Republic, a first for
a Coverall franchise in the Caribbean. .... [more]
21 Oct, 2002
7-Eleven eyeing HQ options. 7-Eleven Inc. may be looking
to take a Big Gulp out of its Dallas headquarters. .... [more]
21 Oct, 2002
Dreamland to triple restaurants through franchising.
Dreamland will add at least four new barbecue rib restaurants in Alabama
- including a second in Birmingham by the end of the year - as it
more than triples its footprint to 13 locations in Alabama, Florida
and Georgia through franchising over the next five years. .... [more]
16 Oct, 2002
Thrifty Car Rental Selects Envision Telephony's Click2Coach
to Help Provide the Highest Level of Customer Service. Envision
Telephony, Inc., today announced that Thrifty Car Rental, one of the
world's largest car rental franchise networks, has selected Click2Coach(R)
for its unique coaching tools. .... [more]
16 Oct, 2002
McDonald's May Woo Japan with Krispy Kreme. Japan's
top restaurant chain, McDonald's Holdings Co., may be finalizing plans
to partner with U.S. sweet-treat giant Krispy Kreme Doughnuts, Salomon
Smith Barney said in a note on Tuesday. .... [more]
15 Oct, 2002
In hard times, more buying into idea of franchises. Steven
Rosen, a consultant in Blue Bell who has brought together buyers and
sellers of franchised businesses for 14 years, can't recall being
busier. .... [more]
14 Oct, 2002
Take-and-bake pizza shop aims to blanket Twin Cities.
A take-and-bake pizza shop hopes to add a half-dozen more restaurants
in the Twin Cities over the next year, then further ramp up its expansion
to as many as 25, according to the company. .... [more]
14 Oct, 2002
Drive-thru service speeds Wendy's to elite ranking.
For the fourth straight year, the speed of Wendy's Old Fashioned Hamburgers'
drive-through restaurant service reigns supreme. .... [more]
14 Oct, 2002
Dunkin' Donuts and Baskin-Robbins plan $45M-plus expansion in
N.C. Randolph, Mass.-based Allied Domecq Quick Service Restaurants
plans to add between 90 and 95 new co-branded Dunkin' Donuts and Baskin-Robbins
stores in North Carolina by 2005. .... [more]
14 Oct, 2002
Distinctive Day Spa & Salon to hit $1 million mark; considers
franchising. A visit to the Distinctive Day Spa & Salon is
intended to be more than just a trip to a barber shop or hair salon,
it's intended to be an "experience." .... [more]
14 Oct, 2002
Dunkin' Donuts lawsuits steam franchisees. These days,
Dunkin' Donuts store owners are more likely to turn up in court than
in TV ads. .... [more]
13 Oct, 2002
Mullen works out plan for chain of weight loss centers.
Stacie Mullen, president of New Lady Fitness in St. Louis, has launched
a chain of weight loss and fitness centers, Turning Point Weight Loss
Centers. .... [more]
12 Oct, 2002
Metal Supermarkets finds a niche to shine in. When the
office copier breaks down, most businesspeople call a repair service.
But when the broken machinery is a printing press or part of a manufacturing
assembly line, who gets called? Metal Supermarkets. .... [more]
12 Oct, 2002
Recipe for Success? Three corporate-weary couples with
similar dreams are getting tastes of success, bitter and sweet. Leaving
behind the comfort of regular paychecks (some made six-figure salaries)
and familiar skill sets, the couples recently entered Northeast Florida's
increasingly competitive restaurant business. .... [more]
12 Oct, 2002
Home care firms generate profits from spending cuts.
Taking care of elderly family members was once taken for granted.
But now, it's become big business. .... [more]
12 Oct, 2002
Making an Extreme delivery. Extreme Pizza, maker of
gourmet pizzas with names like "Poultry Geist" and "Kickin' Chicken"
plans to expand into nearly a dozen new metropolitan markets in the
next year, more than doubling its number of stores. .... [more]
12 Oct, 2002
Execs from big retailers try a small new outfit. Several
former executives from The Bon Marché, Frederick & Nelson and other
chains have switched to another retail arena - they now own used-clothing
franchise stores around Puget Sound. .... [more]
12 Oct, 2002
Starbucks confirms talks with Target. Target Corp. and
Starbucks Corp. are talking about expanding a 3-year-old licensing
agreement that put Starbucks kiosks in about 90 SuperTarget stores,
said Gregg Johnson, senior vice president of licensed stores for Starbucks.
.... [more]
11 Oct, 2002
Food franchise on a roll. Roly Poly is on a roll. And
more puns like that one are probably on the way as the Roly Poly restaurant
chain - and its cutely named tortilla wraps - keeps expanding across
the country. .... [more]
10 Oct, 2002
Pickups Plus opens Illinois franchise. Pickups Plus
is expanding into Illinois with a new franchise in Springfield. ....
[more]
10 Oct, 2002
Parent of Seattle's Best Coffee reports same-store decline.
AFC Enterprises Inc., which owns the Seattle's Best Coffee and Torrefazione
Italia chains based in Seattle, reported a consolidated third-quarter
same-store sales decline of 2.7 percent. .... [more]
10 Oct, 2002
Checkers Drive-In Restaurants, Inc. To Webcast Third Quarter
2002 Financial Results. Checkers Drive-In Restaurants, Inc.
will conduct a conference call on Thursday, October 17, 2002 at 11:00
a.m. Eastern Daylight Savings Time to discuss the company's financial
results for the third quarter and review the company's business outlook.
.... [more]
9 Oct, 2002
Gymboree Sept. same-store sales rise. Gymboree Corp.,
the once-frayed children's clothier and accessories retailer, saw
same-store sales rise 5 percent in September. .... [more]
9 Oct, 2002
Yum! Brands, Inc. reports third-quarter earnings up 21% from
a year ago. "Yum! Brands had another outstanding quarter with
better than expected results driven by exceptional performance from
our international and Taco Bell businesses" said David C. Novak,
Chairman and CEO. .... [more]
9 Oct, 2002
National sub franchise slated to open in November near Westloop.
Quizno's Subs, a toasted submarine shop, is set to open in western
Manhattan in early November. .... [more]
8 Oct, 2002
McDonald's targeted in global boycott. Two international
trade union groups have called for a worldwide consumer boycott of
fast food chain McDonald's on 16 October over its alleged disregard
of labour laws. .... [more]
8 Oct, 2002
Albany-area Papa John's pizza parlors close. Papa John's
International Inc. of Louisville, Ky. has confirmed that five Albany,
N.Y.-area Papa John's restaurants did not open for business Oct. 7
and have closed. .... [more]
8 Oct, 2002
Applebee's International Receives Approval to Acquire 21 Franchise
Restaurants. Applebee's International, Inc. announced today
that the Bankruptcy Court for the Southern District of Florida has
entered an order approving the sale of 21 franchise restaurants located
in the Washington, D.C. area. .... [more]
8 Oct, 2002
McDonald's has high hopes for red roofs. In an effort
to grab more attention from finicky fast-food customers, many Chicago
restaurants are shifting to red roofs. .... [more]
7 Oct, 2002
'Lady' fitness centers seek 50 sites. Women of Minnesota,
welcome to Lady of America. .... [more]
5 Oct, 2002
GarageTek picks up area franchise. Mark Berman is making
a clean sweep of Jacksonville. The president of GarageTek of North
Florida in Southside bought the Northeast Florida franchise in December
and opened for business in February. .... [more]
5 Oct, 2002
Businesses see tax setbacks as 'another broken promise'.
Robin Smith probably won't even notice that her franchise tax rate
won't roll back from 9.975 percent to 9 percent this year. But the
co-owner of a Brightwood restaurant still isn't happy about it. ....
[more]
5 Oct, 2002
McDonald's Shake-Up Appears Unlikely. Changing tastes
have knocked McDonald's Corp. off the fast track and some industry
analysts are wondering whether changes at the top aren't necessary
to get the company moving again. .... [more]
4 Oct, 2002
Pizza Hut franchise debuts Galaxy alternative cheese product.
Pizza Hut of Fort Wayne, which includes 44 restaurants in Indiana
and Ohio, has started exclusively serving Galaxy Nutritional Foods'
Veggie Mozzarella on its Lite Bite Menu. .... [more]
2 Oct, 2002
Juice bars no lemon. Down in Louisiana, Smoothie King
juice bars are practically everywhere, which is why franchisee David
Olinde decided to open his own store somewhere else. .... [more]
2 Oct, 2002
Wendy's increases same-store sales in September. Same-store
sales at Wendy's International Inc.'s core Wendy's restaurants increased
5.4 percent in September, the company reported. .... [more]
2 Oct, 2002
Ace Cash Express expands to Hawaii. Check-cashing chain
Ace Cash Express Inc. plans to add six new franchised locations in
Oahu, Hawaii. .... [more]
1 Oct, 2002
Annapolis firm to open 10 Damon's restaurants. An Annapolis
company has signed a letter of intent with the Damon's Grill restaurant
chain in a deal that will bring 10 new Damon's to the region. ....
[more]
1 Oct, 2002
Applebee's agrees to add $34.3M in debt. Applebee's
International Inc. has agreed to take on $34.3 million in secured
debt as part of its bid to buy 21 restaurants owned by a Washington-area
franchisee, Applebee's announced Tuesday. .... [more]
1 Oct, 2002
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