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: : May 2000

Online Retail Sales Rise in Q1. U.S. consumers boosted their online purchases of goods such as computers, books and toys in the first quarter of this year, although Internet sales still accounted for only a small portion of overall retail sales, the government said on Wednesday. .... 31 May, 2000
High Hopes, Backed by Investments. For many years, Robert Simmons would drive past a vacant lot near the eastern edge of Bedford-Stuyvesant and dream of opening a restaurant there. .... 29 May, 2000
Auto dealers warned on web brokers. DaimlerChrysler AG has joined General Motors Corp. and Ford Motor Co. in warning its dealers not to do business with Internet brokers offering to sell cars directly to consumers. .... 29 May, 2000
Keeping a Brand Alive. Pete Plamondon Sr. and his two sons, Pete Jr. and Jim, recently opened their 15th Roy Rogers restaurant in Frederick, years after most of their fellow Roy Rogers owners have ridden into the sunset. .... [more] 29 May, 2000
Salon Founder Gets Franchise Credit. Who invented franchising, an industry set to surpass $1 trillion in U.S. sales this year? Ray Kroc of McDonald's Corp. in 1955? Standard-menu pioneer Howard Dearing Johnson in 1926? Rexall Drug pharmacist Louis Liggett in 1902? .... 28 May, 2000
Two in Court Accused of NY Restaurant Killings. Two men accused of the execution-style killings of five Wendy's fast-food restaurant workers and wounding two others in a robbery last week made their first court appearance on Sunday, charged with one of New York City's worst mass murders. .... 28 May, 2000
Krispy Kreme Profit Rises 61% on Sales Boost. Krispy Kreme Doughnuts Inc. said profit rose a better-than-expected 61% to $3.05 million, or 27 cents a share, as sales jumped 33% to $71 million. .... 26 May, 2000
California Pizza Kitchen Hopes IPO Yields $70 Million. Money raised in initial public offering this summer would be used to pay bank debt and buy back preferred stock. .... 26 May, 2000
Five Shot Dead at NY Fast-Food Restaurant. Two gunmen walked into a Wendy's fast-food restaurant in New York on Wednesday night, tied up seven employees, shot five dead and wounded the other two in a robbery, police said on Thursday. .... 26 May, 2000
Shopping Malls Chase E-Commerce Dollars. It was a Christmastime ultimatum that revealed just how scared mall owners really are of e-commerce. .... 26 May, 2000
April Retail Sales Unrevised, Off 0.2 Pct. The Commerce Department on Friday left April retail sales unrevised at a 0.2 percent drop after reissuing annual revisions to the data. .... 26 May, 2000
McDonald's Takes Over Boston Market. McDonald's Corp. today formally took over ownership of the Boston Market business and reiterated plans to keep a large majority of its more than 750 restaurants open. .... 26 May, 2000
Krispy Kreme Strong on Systemwide Growth. Krispy Kreme Doughnuts Inc., in its first quarter as a public company, reported better-than-expected first quarter results on Thursday, reflecting strong sales company wide. .... 25 May, 2000
Krispy Kreme Rises on Doughnut Sales. Shares of Krispy Kreme Doughnuts Inc. gained more than 13 percent on Thursday after the doughnut retailer reported better-than-expected profits for its first quarter as a public company. .... 25 May, 2000
Sizzler Orders Big Stake in Oscar's Restaurant Chain. Food: Firm plans to expand current network of eight eateries to carve out a share of home-meal replacement market. .... 25 May, 2000
California Pizza Kitchen: $70 Million IPO. California Pizza Kitchen Inc., a casual-dining restaurant chain whose menu includes premium pizzas with toppings such as barbecued chicken and shrimp, filed on Thursday to raise $70 million in an initial public stock offering. .... 25 May, 2000
Starbucks Going for All The Coffee In China. SHANGHAI - Never mind that folks in these parts all drink tea. Starbucks Coffee wants them to wake up and smell the latte. To that end, the Seattle-based java giant is opening new shops in this vast region faster than your favorite barista can whip your mocha. .... 24 May, 2000
Starwood Enters Hotel-Goods Pact With Zoho. Starwood Hotels & Resorts Worldwide Inc., owner of the Sheraton, Westin and other major hotel chains, said it will invest $30 million in Zoho Corp. and will channel much of its $3 billion a year in purchases through the Internet-based hotel-goods supplier. .... 24 May, 2000
INTEREST - Retail Firm Weathers Tests of Time, Trends. Small business: Windsor Fashions survived the recession that killed other clothing chains by taking risks and embracing new ideas and technology. .... 24 May, 2000
Hardee's Woes Prompt S&P to Downgrade CKE Debt. Standard & Poor's lowered its ratings on CKE Restaurants Inc.'s debt Thursday, citing the survival struggle in the Anaheim company's Hardee's restaurant chain. .... 19 May, 2000
McDonald's Considers Non-Burger Franchises. McDonald's Corp. said it is exploring ways to franchise its non-hamburger brands, which include Chipotle Mexican Grill and Donatos Pizza. .... 19 May, 2000
Grow Biz sees $2.5 million second-quarter charge. Grow Biz International Inc., which operates the Play It Again Sports and Once Upon A Child franchises, said on Thursday it expected to record a second-quarter charge of $2.5 million. .... 18 May, 2000

McDonald's plans expansion. McDonald's, the US restaurant group, said on Thursday it planned to add up to 1,900 new restaurants around the world this year. .... [more] 18 May, 2000
McDonald's looks to franchise non-hamburger brands. McDonald's Corp., the world's largest fast-food chain, on Thursday said it is exploring ways to franchise its non-hamburger brands, which include Chipotle Mexican Grill and Donatos Pizza. .... 18 May, 2000
INTEREST - Amway to Cut 11% of Work Force. Amway Corp., which built a billion-dollar success story through a friendly neighborhood sales force, announced sweeping job cuts Wednesday, part of a major restructuring to compete in the faceless world of the Internet. .... 18 May, 2000
Fears of Glut Rise as Hotel Chains Continue Building More Rooms. Commercial real estate: It may bode ill for the industry, but consumers could benefit from a reduction in rates as competition heats up. .... 17 May, 2000
Small Firms Buying More on Web. Consumers aren't the only ones doing their shopping on the Net. Online spending by U.S. small businesses grew more than 1,000% last year to top $25 billion, according to a new survey. .... 17 May, 2000
Upset Franchisees Foil Online Forum. It was bound to happen: Upset franchisees. Unsupervised web postings. And a complete meltdown. .... 17 May, 2000
Stores Change Attitude Toward Web. It wasn't so long ago that traditional retailers saw the Internet as a threat, an alternate means of commerce that would eventually gobble up sales from their physical stores. .... 17 May, 2000
Wendy's U.S. April same-store sales rise 3.0 pct. Dublin, Ohio-based Wendy's, one of the world's largest restaurant operating and franchising companies with more than $7 billion in systemwide sales, said same-store sales in its Tim Hortons restaurants in Canada increased 7.3 percent in the month, on top of 10.8 percent growth a year ago. .... 16 May, 2000
Mcdonald's Purchase of Boston Market Approved. Fast food giant McDonald's Corp. on Tuesday said a U.S. bankruptcy court approved a reorganization plan for Boston Chicken Inc. that will let McDonald's complete the acquisition of the Boston Market restaurant chain. .... 16 May, 2000
McDonald's-Boston Market Deal OK'd. McDonald's Corp. said Tuesday that a U.S. Bankruptcy Court decision has cleared the way for its acquisition of the Boston Market restaurant chain. .... 16 May, 2000
Starbucks Eyes Asia Coffee Plant. Starbucks Coffee Co. said Monday it may build a coffee roasting plant in Asia to replace imports from its Seattle-based plant. .... 15 May, 2000
A Model Partnership for Inner-City Renewal, Derailed. When La-Van Hawkins, the leading black operator of fast-food franchises in the nation, stood on the steps of the White House before President Clinton in 1996 and pledged to open 225 Burger King restaurants in several of the nation's toughest inner cities, it seemed that the company had found its urban messiah. .... 14 May, 2000
7-Eleven Sprucing Up to Woo Women, Wall Street. Retailing: Convenience store chain is stocking fresher foods, remodeling stores and installing Internet kiosks. New stock issues, investors will help debt-burdened company pay for upgrades. .... 14 May, 2000
Retail Revenue Slips First Time Since 1998. Economy: But sales for April are up 9.7% from a year ago, suggesting consumer spending will continue to power growth. .... 12 May, 2000
US retail sales fall. The seemingly unstoppable growth in US consumer spending showed its first signs of flattening out in April. .... [more] 11 May, 2000
Retail Sales Fall 0.2 Percent. Dreary weather, stock market volatility and rising interest rates helped pull Americans back from their free-spending ways in April, making retail sales fall for the first time since August 1998. .... 11 May, 2000
Coco's/Carrows. The Irvine-based restaurant chain Coco's reported relatively flat income for the first quarter, while sister chain Carrows logged a hefty increase. .... 10 May, 2000
McDonald's Sales Through April Climb. McDonald's Corp., the world's largest fast food restaurant chain, said Wednesday that sales through the first four months were $12.87 billion, up 9 percent from a year ago when foreign currency changes are factored out. .... 10 May, 2000
Bias Suit Against Domino's Advances. Four residents of Southwest Washington scored an important legal victory when a federal judge agreed to let them move forward with a lawsuit accusing Domino's Pizza of racial discrimination. .... [more] 7 May, 2000
Independents' day. Small, community-based real estate agencies continue to thrive, despite the threat of competition presented by several national chains. .... 7 May, 2000
BAB Holdings to Merge with Web Incubator. BAB Holdings Inc., a Chicago-based bagel and coffee shop franchiser, said Thursday it has entered a merger agreement with a New York-based Internet incubator company, Planet Zanett. .... 5 May, 2000
Saucy Bread Company Ltd. Update. The Saucy Bread Company Ltd. has sought the protection of the Bankruptcy process. .... 5 May, 2000
11 Real Estate Companies Plan Internet Alliance. Several of the U.S.' largest real estate companies said they will form an Internet alliance based in the San Francisco Bay Area to take better advantage of the millions of people who live, work and shop in their properties. .... 5 May, 2000
Kreme of Doughnut Crop Makes Offer. Krispy Kreme Doughnuts wants to put its Midwest headquarters - including a giant bakery and retail store - in Elk Grove Village, and while village officials are embracing the idea, they are a little unsure what to make of the mania that seems to accompany the golden pastries .... 4 May, 2000
Yogen Fruz to Buy Eskimo Pie Corp. Eskimo Pie Corp. is being purchased by Toronto-based Yogen Fruz World-Wide Inc. for about $36 million. .... 4 May, 2000
Restaurants Stoke Optimism. Outback Steakhouse, an eatery known for its heaping, meaty offerings and down-under Aussie ambience, is opening two more restaurants in Prince George's County. .... [more] 4 May, 2000
Italy sees pasta give way to present. McDonald's and Burger King have breached Italy's final frontier: pasta, pizza and mamma's cooking are succumbing to foreign fast food. .... [more] 1 May, 2000
Tandy Same-Store Sales Up 7 Percent in April. Tandy Corp., the operator of RadioShack stores, on Thursday said sales in stores opened at least a year rose 7 percent in April, but its stock tumbled amid concerns that growth is slowing at the consumer electronics retailer. .... 4 May, 2000
Weather Hurts April Retail Sales. Dreary, cold weather in April kept Americans from getting in the buying mood for T-shirts and garden supplies, dampening sales at many of the nation's biggest retailers for the month. .... 4 May, 2000
H&R Block Revenue, E-Commerce Unit Suffer. H&R Block Inc. reported lower-than-expected tax preparation revenue and said its e-commerce operation sustained losses for the year. .... 3 May, 2000
McDonald's eager for talks with critics. McDonald's, which had a branch destroyed by demonstrators in London on Monday, said it would welcome dialogue with its critics who consider it a symbol of global capitalism. .... [more] 3 May, 2000
Wendy's Quarterly Operating Earnings Rise. Wendy's International Inc., the nation's No. 3 hamburger chain, on Wednesday said first-quarter earnings rose 21 percent before asset gains, matching analysts' estimates. .... 3 May, 2000
Starbucks' Slide Means Time to Buy for Analyst. The decline of almost one-third in Starbucks Corp. stock in April convinced analyst Robert Ohmes, who follows the company for Morgan Stanley Dean Witter & Co., that it's time to buy. .... 3 May, 2000
Traditional Mall Comes Out of Shell. Retail: A $69-million renovation removes the roof from an enclosed center and turns it into an outdoor shopping district. .... 2 May, 2000
Hilton Hotels Recurring EPS Down. Hilton Hotels Corp., which owns, manages and franchises hotels, said on Tuesday its first-quarter earnings per share declined after one-time gains on sales of investments and non-recurring charges are excluded. .... 2 May, 2000
Hotel giants team on Net marketplace. Rival hotel giants Marriott and Hyatt today said they will form a separate company that will launch an online marketplace connecting buyers and suppliers in the hospitality industry. .... 2 May, 2000
Yogen Fruz loss deeper in second quarter $25.8-million. Yogen Fruz World-Wide Inc., the Markham, Ont.-based frozen yogurt franchise, posted widened second-quarter losses yesterday. .... 2 May, 2000
Taco Bell Hopes to Spice Up Sales. Taco Bell, the Mexican-style fast-food chain, is jazzing up the ordinary nacho chip to put some sizzle in its sales. .... 2 May, 2000
Starbucks to Work on Asian Expansion. Gourmet coffee empire Starbucks Corp will concentrate on expanding its presence in Asia in the years ahead, its chairman Howard Schultz said on Tuesday. .... 2 May, 2000
Hong Kong Gets 1st Starbucks Store. The Starbucks Corp. coffee chain opened its first Hong Kong store Tuesday as part of a plan to double the company's presence in Asia to 500 outlets over the next few years. .... 2 May, 2000
Rain Seen Dampening U.S. April Retail Sales. Sales for many U.S. retailers in April are expected to fall below or only meet expectations as cold and rainy weather in the East and Midwest chilled consumers' enthusiasm for spring shopping, analysts said. .... 2 May, 2000
Millionaire Needs to Tidy Up Her Portfolio. Axcell is chief executive of two Molly Maid residential cleaning franchises in Long Beach and Torrance. She's been making good money since she was 20, when she was doing so well selling real estate that she decided there was no point in sticking it out at Long Beach City College. .... 2 May, 2000
Unilever Repeats Ben & Jerry Pledge. Ben Cohen and Jerry Greenfield, wearing jeans and rumpled sport shirts, on Monday traveled to decidedly dressed-up Park Avenue, where they got another round of assurances from their new multinational bosses that selling their Vermont-based ice cream company wouldn't mean selling out their ideals of social activism. .... 1 May, 2000
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