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 UNITED STATES FRANCHISE NEWS ARCHIVE
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: : Jul 2000
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Boston Restaurant Associates Announces Year
End Results, a 31% Increase in Revenues to $15.9 Million, an 81%
Increase in Operating Cash Flow to $1.5 Million. .... 31 Jul, 2000
Fast-Food Franchises Are Harder to Finance. Just
a few years ago, getting a loan to open fast-food outlets seemed
as easy as picking up lunch at the drive-through. These days, think
of it this way: The intercom crackles with static, and the guy on
the other end can't hear you too well. .... 31 Jul, 2000
At Tehran Burger, They Serve Sides if Piping Hot Reform.
Hass Aslami, who launched more than 60 pizzerias in Chicago's
south suburbs, is the face of globalization that Iran's conservative
mullahs cannot stop. .... 28 Jul, 2000
Citigroup mulls retail franchise-bank model in Germany.
U.S. bank Citigroup said on Friday it was mulling a franchise
network in Germany similar to that operated by McDonalds restaurants
in an attempt to expand its retail services without running up huge
costs. .... 28 Jul, 2000
Friendly Ice Cream Corporation Reports Second Quarter
2000 Results. Friendly Ice Cream Corporation today reported
total revenues for the second quarter ended July 2, 2000 of $164.1
million compared to $184.7 million for the quarter ended June 27,
1999. .... 28 Jul, 2000
Deadly Bacteria Linked to Restaurant. Several
children became ill from E. coli bacteria, including one who was
in critical condition, after picking up the potentially deadly infection
at a local restaurant, city health officials say. .... 27 Jul, 2000
INTEREST - Amazon losses mount. The world's
number one online retailer, Amazon.com, has posted sharply higher
losses. The losses have prompted investment banks to downgrade the
company's shares, sparking a wave of selling. .... [more]
27 Jul, 2000
CKE Sells 121 More Hardee's Restaurants. CKE
Restaurants Inc., owner of the Hardee's and Carl's Jr. hamburger
chains, said it sold an additional 121 of its company-owned Hardee's
restaurants to franchisees for a total of about $37 million. ....
26 Jul, 2000
Rubio's Restaurants, Inc. Announces 60% Increase in
EPS and 44% Sales Growth in the Second Quarter. .... 25 Jul, 2000
Papa John's Reports Record Second Quarter Earnings
and Revenues. Papa John's International, Inc. announced
record revenues of $231.5 million and net income of $13.0 million
for the second quarter of 2000. .... 25 Jul, 2000
New Restaurant on Cantera Menu. Lion's Choice,
a 33-year old St. Louis-based restaurant chain with drive-through,
carryout and dine-in options, recently opened its first local franchise
at 4405 Winfield Rd., Warrenville. .... 25 Jul, 2000
Pepe's to Sail Into Food Court at Great Lakes. The
focus of Mexican restaurant chain Pepe's may be south of the border,
but the chain is waving the red, white and blue as it ventures into
institutional locations. .... 25 Jul, 2000
McDonald's Earnings Rise 2 Percent. McDonald's
Corp. on Tuesday reported a "disappointing" profit gain of 2 percent,
blaming foreign currency declines, unusually hot weather in Europe
and even the European soccer championships for its worst quarterly
showing since 1997. .... 25 Jul, 2000
INTEREST - Kmart to Close 72 Stores. Kmart
Corp., the nation's third-largest retailer, is closing 72 of its
less-profitable stores in 28 states, affecting 5,000 workers, in
an effort to improve earnings. .... 25 Jul, 2000
ServiceMaster Reports Second Quarter Revenue Growth
of Six Percent and Profit of $.22 Per Share; Announces $350 Million
Share Repurchase Program. .... 24 Jul, 2000
Taco Cabana Reports Strong Second Quarter Earnings
and Sales. Taco Cabana Inc. reported strong sales and earnings
growth for its fiscal second quarter ended July 2, 2000. .... 24 Jul, 2000
INTEREST - Staking their claim. Shopping malls
are playing catch-up in the e-commerce game. But they're finally
making their move online to fend off the net-only retail portals.
First up in N.E.: Natick Mall .... 24 Jul, 2000
Sizzler Juicing Up Menu as It Tries to Lure Back Customers.
Restaurants: Fare is being upgraded and the look revamped,
but franchise holders have been down this food line before. .....
22 Jul, 2000
Franchisees seek to buy Burger King. Burger
King's army of American franchisees want to buy the business in
a bid to thwart the chain's planned flotation by its parent company,
Diageo. .... 21 Jul, 2000
Blockbuster, in Pact With Enron, to Offer Demand-Video.
In a 20-year deal, the video-rental company will distribute
movies via TV set-top boxes and PCs. .... 20 Jul, 2000
Blockbuster Looks to Broadband. The world's
leading video rental chain has taken a big step toward making a
trip to the corner video store unnecessary. .... 20 Jul, 2000
AutoNation Shrugs Off Offer as 'Nonsensical.' AutoNation
Inc. said a buyout offer it got from a company calling itself Pegasus
Capital Group Inc. was "nonsensical" and that a subsequent news
release from Pegasus claiming its offer was spurned is probably
part of a hoax. .... 20 Jul, 2000
Cendant's Profit Falls. Cendant Corp., which
holds franchises for the Ramada and Travelodge hotel chains, said
on Thursday second-quarter net profits fell 80 percent from year-ago
levels but that its underlying business was strong. .... 19 Jul, 2000
Competition Is Brewing For Upscale Coffee Bars.
Several small companies are pushing tea-centered restaurant concepts
for the U.S. Backers of the ventures say the time is ripe for many
coffee-saturated consumers to make the switch. .... 19 Jul, 2000
Taco Bell Replaces Top Exec; Chihuahua Out Too. Fast
food: Chain hires Wendy's veteran as president and changes ad agency
in effort to halt slide in sales. .... 19 Jul, 2000
Blockbuster, Enron in Entertainment On-Demand Deal. Video
rental chain Blockbuster Inc. and communications group Enron Corp.
said Wednesday they agreed to a 20-year deal allowing customers
to choose movies through their televisions using Enron's network.
.... 19 Jul, 2000
Taco Bell Dumps Chihuahua. Drop the Chihuahua!
In a surprise announcement Tuesday, Taco Bell Corp. said it has
decided to replace its top executive and the advertising agency
that introduced the chalupa-loving talking pup in commercials. ....
19 Jul, 2000
Tricon Q2 operating net up, cuts 2000 view. Tricon
Global Restaurants Inc. parent of Pizza Hut, Taco Bell and KFC,
on Tuesday posted a higher-than-expected 16 percent rise in second-quarter
operating earnings but lowered its full-year operating earnings
forecast due to sluggish sales at Taco Bell. .... 18 Jul, 2000
Wendy's Strengthens Its Marketing Organization. Wendy's
International, Inc. today announced that it is integrating its advertising
group with its research, analysis and new product marketing departments.
.... 18 Jul, 2000
Chicago Resident Settles Claim Over Slurs. A
year after receiving mailings with ethnic slurs printed under her
name, a Muslim Chicago resident has settled a discrimination claim
for $30,000 against Cendant Corp. of New York. .... 18 Jul, 2000
Diedrich Coffee, Inc. Announces the Opening of Six New Retail
Units. Today announced that two new franchise Diedrich Coffee
brand coffeehouses and a company owned unit have opened. .... 17 Jul, 2000
iPIX and Move.com Announce Alliance to Promote Real
Estate Virtual Tours. Move.com Group, operator of the move.com
relocation, real estate and home-related services portal, announced
today an agreement with Internet Pictures Corporation ("iPIX") for
the promotion of 360-degree iPIX(TM) Virtual Tours throughout the
move.com network of Web sites. .... 14 Jul, 2000
Retail Sales Rise Strongly in June. U.S. retail sales
last month racked up their biggest gain since February as demand
for new cars roared back from a three-month slump, showing a consumers'
appetite to spend was still healthy. .... 14 Jul, 2000
Ace Hardware Store Owner Opens Rainbow Franchise. Dave
Warren, of Milton, Wis., has announced that he will open a Rainbow
International Carpet Care and Restoration franchise in August, which
he will operate out of his Ace Hardware store on 430 S. John Paul
Rd. .... 13 Jul, 2000
Secret gas station prepares BP rebranding.
In a warehouse on the sprawling outskirts of Atlanta, Georgia,
stands oil giant BP's secret weapon. The full-scale working model
of a state-of-the-art gasoline station has already had its first
visits from guinea pig customers who are led there blindfold. ....
12 Jul, 2000
Diedrich Coffee, Inc. Signs Franchise Agreement
for Development of 40 Coffeehouses in Colorado. .... 12 Jul, 2000
Pizza Hut to offer first UK franchise opportunity.
Pizza Hut said on Wednesday it would offer its first UK
franchise opportunity because of the huge potential for growth in
the delivery and express takeaway market. .... 11 Jul, 2000
McDonald's Franchisee Gets OK for a New Look. The Oak
Brook-based corporate offices of McDonald's have decided to change
the firm's image - at least on the outside. .... 11 Jul, 2000
CPK Amends Filing on IPO Price Estimates Los Angeles-based
restaurant chain California Pizza Kitchen Inc. estimated that its
initial public offering will include 5.3 million common shares offered
at $13 to $15 each. .... 11 Jul, 2000
Wendy's to open 100 Mexico stores over next decade. Wendy's
International Inc. on Monday said it would open 100 of its fast-food
restaurants in Mexico - up from the current eight - over the next
decade as part of its international expansion effort. .... 10 Jul, 2000
Accor Economy Lodging Announces Major Milestone; Motel 6 Opens
100Th Franchised Property. Accor Economy Lodging (AEL), parent
company of budget lodging leader Motel 6, today announces a major
milestone in its four-year history of franchising its brand: the opening
of the 100th franchised Motel 6 property. .... 10 Jul, 2000
Quik Internet Franchise Opens in Central Virginia To Improve
Quality of Internet Services. Quik Internet, announced today
the opening of Quik Internet of Central Virginia to provide residents
and businesses throughout the area with quality Internet services
.... 10 Jul, 2000
Retail Sales Increase Is Smallest in 3 Years. Apparel:
Consumers appear to be shedding their free-spending habits amid higher
interest rates and gasoline costs. .... 7 Jul, 2000
INTEREST - E-Commerce Errors Leave Shoppers Ecstatic. Word
spread quickly after system glitches at online retailers created discounts
that were far steeper than intended. .... 7 Jul, 2000
Marriott Profits Rise on High Lodging Sales. Marriott
International Inc., the world's No. 1 lodging company, said Thursday
second-quarter profits rose 11 percent on higher room rates and increased
occupancy. .... 6 Jul, 2000
Retailers Report Poor June Sales. Consumers tempered
their buying in June as soaring gas prices took cash out of their
wallets and unseasonably cool weather dampened their desire to buy
summer clothes. .... 6 Jul, 2000
Two More HoJos May Be History. Fried clams, grilled
hot dogs and the orange tile roof - all are part of the nostalgia
that is the Howard Johnson's restaurant. .... [more]
5 Jul, 2000
Entrepreneurs Are Serving Americans Hot Dogs With Great Relish.
Today marks not just the anniversary of the adoption of the
Declaration of Independence, it's also the biggest hot dog day of
the year. .... 4 Jul, 2000
Sandwich Restaurant Endorsed by Zoning Panel. The Schaumburg
Zoning Board of Appeals has unanimously recommended that the Village
Board grant a special-use permit for a Subway Salads & Sandwiches
restaurant at 708 E. Higgins Rd. .... 3 Jul, 2000
McDonald's to Test Franchising Brands. McDonald's Corp.,
said it will begin testing the potential of its other brands, including
Chipotle Mexican Grill and Boston Market. .... 3 Jul, 2000
INTEREST - Family-Owned In-N-Out Burger at a Crossroads. With
its special recipe for customer - and employee - loyalty, the independent
chain has prospered for 52 years. But some wonder how much longer
its values can survive. .... 2 Jul, 2000
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