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 UNITED STATES FRANCHISE NEWS ARCHIVE
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: : Aug 2000
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No Extra Slice, So Redskins Drop Domino's. The Carolina
Panthers won't be the Washington Redskins' only opponent when the
season opens Sunday. The team is having a war of words with Domino's
Pizza, its former pizza promotional partner. .... [more]
31 Aug, 2000
Blockbuster Allies With Foes as Rental Era Winds Down.
Running out of options to secure its future, the nation's
largest video rental company has decided to sleep with the enemy.
.... 30 Aug, 2000
She Can Take Anyone to the Cleaners. Last Wednesday
was a rough day for Laura Damico, filled with the tribulations and
responsibilities that come with owning a business. .... [more]
30 Aug, 2000
Two Franchisees Sue Brake Depot, Claim Sales Data Misleading.
Legal troubles have hit Brake Depot again as two companies
that purchased franchise stores filed suit alleging, among other things,
they were supplied with inaccurate sales information, leading them
to believe the stores were more profitable than they actually were.
.... 28 Aug, 2000
Protecting Real Estate Sites From Pirates. If
Realtor.com had never been created, you can bet your last megabyte
that the association would still be fighting hard in Congress to crack
down on the thieves who scrape off of real estate sites the listings
that brokers and agents work hard to compile. .... 28 Aug, 2000
Carbon Coffee. I hate Starbucks because it represents
everything that I lament while touring in the new millennium - the
homogenization of culture. .... [more]
27 Aug, 2000
E.Coli Outbreak Hits Salem. According to a news
release, the Marion County Health Department confirmed that eight
cases of the illness have been traced to a Wendy's restaurant on Commercial
Street. .... 27 Aug, 2000
Paper: McDonald's Uses Sweatshop. Snoopy, Winnie
the Pooh and Hello Kitty toys sold with McDonald's meals in Hong Kong
are made at a mainland Chinese sweatshop that illegally employs children
to package them, a newspaper reported Sunday. .... 27 Aug, 2000
Ford Forms Internet Car-Buying Site with Dealers. Ford
Motor Co. said on Friday it has partnered with its 4,200 dealers to
form FordDirect.com, an Internet site that will allow customers to
configure, price, finance and buy a new Ford brand car or truck online.
.... 25 Aug, 2000
Famous Dave's of America, Inc. Franchise Development
Climbs to 19 Units; Newest Franchise Agreement Brings Famous Dave's
Into North and South Dakota and Las Vegas, Nevada. .... 24 Aug, 2000
Krispy Kreme Profit Creams Forecasts. Krispy
Kreme Doughnuts Inc on Thursday said its second-quarter profit more
than tripled, creaming Wall Street estimates as the doughnut chain's
sales surged nearly 40 percent, prompting it to sweeten its earnings
expectations for the year. .... 24 Aug, 2000
Sonus Corp. Reaches 500 Company-Owned and Franchised
Locations; One of the Fastest Growing Franchise Systems in the U.S.
Attracting One New Franchised Location Every 24 Hours. ....
24 Aug, 2000
CAIS Internet and Cendant Corporation Enter Strategic
Alliance to Provide High-speed Internet Access to Cendant's 200,000
Real Estate Professionals. .... 23 Aug, 2000
McDonald's to Farmers: 'Be Kind to Hens' McDonald's
Corp. has a message for chicken farmers: be kind to your hens or the
hamburger giant will not buy your eggs. .... 23 Aug, 2000
CNL Closes Restaurant Industry's First Net-Lease Securitization.
CNL American Properties Fund, Inc. (CNL) announced Tuesday
that it has broken new ground as it closed the franchise restaurant
industry's first triple net-lease securitization. The company privately
placed approximately $281 million of bonds this week with institutional
buyers. .... 22 Aug, 2000
H&R Block Reports First Quarter Loss. H&R Block
Inc. today reported a net loss for the first quarter ended July 31,
2000, of $51.7 million, or 55 cents per basic and diluted share, compared
with $37.1 million, or 38 cents per basic and diluted share, last
year. .... 21 Aug, 2000
New Media in the Blockbuster. Blockbuster has
not only survived the onslaught of new entertainment formats, it will
thrive off of them. .... 18 Aug, 2000
Cendant to buy AmeriHost brand and franchise rights.
AmeriHost Inn and AmeriHost Inn and Suites are new construction,
limited service, mid-priced hotels. .... 18 Aug, 2000
FRANDATA Corporation Launches FranchiseDocs.com. FranchiseDocs.com
is an online sales tool that will pre-qualify potential franchisees,
electronically deliver Uniform Franchise Offering Circulars (UFOC)
to qualified applicants, and provide quality sales leads to franchisors.
.... 17 Aug, 2000
McDonald's President to Sell Shares. McDonald's
Corp.'s Vice Chairman and President James Cantalupo has filed with
regulators to sell about $1.6 million worth of shares in the world's
largest fast-food chain. .... 17 Aug, 2000
Ramada to Provide High Speed Internet Access in all
Hotel Guest Rooms. Ramada Franchise Systems announced today
its decision to provide high speed Internet access at its over 1,000
hotels and nearly 135,000 guest rooms nationwide. .... 16 Aug, 2000
Truck Hits Car, Slams Into Pizza Franchise. An
out-of-control milk truck careened off a freeway exit ramp and shot
through a busy intersection Tuesday, hitting a car before smashing
into the side of a North Hills Pizza Hut takeout restaurant. ....
16 Aug, 2000
Starbucks to Write Off Living.Com Loss. Specialty
coffee retailer Starbucks Corp. said Wednesday it was writing off
$20.6 million in losses from its investment in failed furniture Web
site Living.com. .... 16 Aug, 2000
INTEREST - Amazon backed Living.com to file for bankruptcy.
Living.com, the Amazon-backed online home furnishings retailer,
said on Tuesday it would file for bankruptcy. .... [more]
16 Aug, 2000
U.S. District Court Grants Final Approval of Previously
Announced Cendant Class Action Litigation Settlement. Cendant
Corporation today announced that the US District Court in Newark,
New Jersey today approved as final the previously announced class
action litigation settlement with Cendant common stockholders. ....
15 Aug, 2000
Rent-A-Wreck of America Announces First Quarter Results.
U.S. Rent-A-Wreck of America, Inc. announced earnings for
its first fiscal quarter ended June 30, 2000. .... 15 Aug, 2000
Franchise Systems Reports Second Quarter 2000 Results. U.S.
Franchise Systems, Inc. today reported a loss of $3.15 million or
$0.16 per share in the second quarter of 2000, compared to earnings
of $1.51 million or $0.08 per share in the second quarter of 1999.
.... 14 Aug, 2000
Beyond Burgers: New McDonald's Menu Makes Run for the
Border. McDonald's introduction of Mexican-style food in Southern
California allows franchisees to respond to local tastes. .... 13 Aug, 2000
Roto-Rooter Subsidiary of Chemed Acquires Texas Franchise.
Chemed Corporation today reported that its Roto-Rooter Services
Co. subsidiary has acquired the assets of the Roto-Rooter franchise
in Temple, Texas. The purchase price was not disclosed. .... 11 Aug, 2000
US boom keeps rolling. The rate of expansion
of the US economy does not appear to be moderating despite the eight
year expansion. .... [more]
11 Aug, 2000
Price of Starbucks' Java Jumping Again. Starbucks
Corp. said it raised the price of coffee drinks in most North American
stores by 5 to 10 cents a cup, effective immediately - even as coffee
futures prices in New York fell to a 6 1/2-year low of 79.5 cents
a pound amid a global glut of beans. .... 10 Aug, 2000
KFC Recalls Tangled Treeples Kids Toys. The
U.S. Consumer Product Safety Commission on Thursday said KFC Corp.,
a unit of Tricon Global Restaurants Inc., is recalling about 425,000
toys included with its kids meals after a 19-month old girl had the
container from the toy stuck over her face. .... 10 Aug, 2000
Eateries, Inc. Reports 2nd Quarter Results; Revenues
Increase 8.3%, EBITDA Increase 61.7%. Revenues for the second-quarter
of 2000 rose to $24,797,000, an increase of 8.3% over the $22,887,000
realized in the same quarter of 1999..... 9 Aug, 2000
McDonald's July Sales Rise 5 Percent. McDonald's
Corp., the world's largest fast food chain, said Wednesday that systemwide
sales rose 5 percent, to $3.63 billion in July, despite nearly flat
sales in the United States. .... 9 Aug, 2000
'Franchising guru' struggles in off year. Some
days you get the chicken, some days the chicken gets you. .... 8 Aug, 2000
Blockbuster.Com Decides Against IPO. Blockbuster.com,
the online unit of video rental store chain Blockbuster Inc., has
decided not to pursue an initial public offering for the time being,
a company spokeswoman said Monday. .... 7 Aug, 2000
Nathan's Famous, Inc. Achieves Highest First Quarter
Revenues and Net Income Since Going Public. Wayne Norbitz,
President and Chief Operating Officer said, "The acquisition of Miami
Subs has fueled unsurpassed first quarter results for Nathan's whereby
we realized our highest quarterly revenues of over $13 million and
achieved net income of $745,000 making for our most profitable first
quarter since going public in 1993." .... 7 Aug, 2000
Denny's, America's Original Breakfast Diner, Announces
Plans to Become the Only Family Restaurant to Serve Customers in All
50 States. .... 7 Aug, 2000
CKE Restaurants, Inc. Sells 48 Hardee's Restaurants
To Longtime Franchisee in Wisconsin. This is the latest transaction
in the Company's previously announced re-franchising effort, which
is designed to reduce debt and rebalance the Hardee's system to a
more manageable number of company-owned restaurants. .... 7 Aug, 2000
INTEREST - Amazon condemned as 'terrible'. The
editor of the US e-business "bible", Red Herring, has branded online
retail pioneer Amazon a "terrible company". .... [more]
7 Aug, 2000
2 MORE E. COLI SUITS ARE FILED. The parents
of a 3-year-old girl who died from food poisoning linked to a Sizzler
restaurant filed a wrongful-death lawsuit against the company Thursday
as the number sickened by E. coli bacteria grew to 56. .... 4 Aug, 2000
Coli Closes Steakhouse. A second Sizzler steakhouse
in the Milwaukee area was closed after two patrons fell ill from E.
coli infection, lifting the number sickened in the outbreak to more
than 50, authorities said on Friday. .... 4 Aug, 2000
Hilton Profit Up 14% on High Room Demand. Hilton
Hotels Corp., owner of the Doubletree, Hampton Inn and Hilton hotels
in the U.S., on Thursday said second-quarter profit rose 14% on stronger
demand for rooms at big-city hotels. .... 4 Aug, 2000
2nd Sizzler Closed After More E. Coli Infections. The
owners of a Sizzler restaurant linked to a fatal E. coli outbreak
shut down their second Sizzler in Wisconsin after two people who ate
there became infected with the bacteria. .... 4 Aug, 2000
Krispy Kreme looks to fill hole in Santa Clarita doughnut
market. The doughnut connoisseurs of Santa Clarita may soon
face a new challenge in their quest for the perfect baked good. ....
4 Aug, 2000
Dunkin' Donuts parent tests 'combo' restaurant
format. It may be a nutritionist's nightmare - or a trencherman's
delight - but put doughnuts and $5 sandwiches under one restaurant
roof, and maybe add ice cream, and one local restaurant company
thinks it has a winning formula for rapid growth and a menu that
will appeal to consumers all day long. .... 3 Aug, 2000
RadioShack July same-store sales up 12 pct. In a statement,
the company said total sales from its retail division, including
sales to its dealer/franchise stores, increased 13 percent for the
month, to $337.9 million from $298.5 million last year. .... 3 Aug, 2000
Pizza Kitchen Shares Surge on First Day. Shares
of Los Angeles-based California Pizza Kitchen soared $5.25, or 35%,
to $20.25 on their first day of trading on Nasdaq. .... 3 Aug, 2000
Burger King Hires New President. British parent
Diageo PLC announced on Thursday the hiring of Mikel Durham, a former
executive with sister company Guinness. .... 3 Aug, 2000
Three Biggest Real Estate Firms to Combine Listings
on Internet. For home buyers in New York City, buying property
often means dealing with a confusing array of real estate agencies,
jumping from broker to broker in an exhaustive search to find the
perfect home at the right price. .... 2 Aug, 2000
CPK to Debut at $15 as SpeechWorks Roars. L.A.-based
California Pizza Kitchen Inc. got a good reception for its initial
public offering on Tuesday, as it sold 5.3 million shares at $15
each. .... 2 Aug, 2000
Blockbuster Narrows Loss, Revenues Surge. Video
store chain Blockbuster Inc. narrowed its second-quarter earnings
loss Wednesday and said a 17 percent increase in worldwide rental
revenues helped it beat Wall Street estimates for cash income.
.... 2 Aug, 2000
7-Eleven Showcases New Product Line. Colleges have
long been breeding grounds for cultural change, and that tradition
continues at the "University of 7 -Eleven," a traveling educational
institution whose mission is to prepare its students for the future
of convenience store shopping. .... 2 Aug, 2000
Domino's Pizza Announces Record Second Quarter Results.
Domino's, Inc., today announced strong operating results
for the second quarter of 2000, which ended June 18, 2000. ....
1 Aug, 2000
UPDATE 2-Wendy's Q2 net up, co. ups 2000 earns goal. Fast-food
restaurant chain Wendy's International Inc., on Tuesday reported
a 2.4 percent rise in second-quarter earnings as its Tim Hortons
restaurant chain posted strong sales gains and prompted the company
to increase its earnings growth goal for 2000. .... 1 Aug, 2000
Strong Sales Drive Results At Famous Dave's. Strong
comparable sales increases, successful new restaurant development
and an emerging franchising program drove record results for Famous
Dave's of America, Inc .... 1 Aug, 2000
19 New E. Coli Cases Linked to a Sizzler Restaurant in Wis.
Health officials in Milwaukee say total infected in the
bacteria outbreak reaches 42, but say the number could rise. ....
1 Aug, 2000
Starbucks to Feature New York Times. Starbucks Coffee
Co. said Tuesday it has agreed to make The New York Times the primary
national newspaper for sale at its company-owned stores in exchange
for advertising from the newspaper. .... 1 Aug, 2000
Ultimate Franchise Systems Inc. And E-Rex, Inc. Complete Strategic
Alliance: E-Rex Inc. Announces the First Sale of the Dragonfly.
.... 1 Aug, 2000
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