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 UNITED STATES FRANCHISE NEWS ARCHIVE
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: : Oct 2001
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No Smiles for McDonald's Customers. In an effort
to please Wall Street, the fast-food giant has expanded too quickly.
.... 31 Oct, 2001
Marriott Helps Hotel Investors Sleep Better. Brand
strength and limited operating risk are accommodations that make Marriott
International a four-star investment. .... 31 Oct, 2001
7-Eleven to offer Verizon services in some stores. 7-Eleven
Inc. on Wednesday said it reached a five-year deal with telecommunications
company Verizon Communications allowing the convenience store chain's
customers to pay telephone bills and order long distance and other
services at Internet kiosks in its stores. .... 31 Oct, 2001
McDonald's to Cut Store Openings. McDonald's Corp.,
the largest fast-food chain, will open 200 fewer restaurants next
year and buy back as much as $5 billion of its stock to help boost
sales and profit. .... 25 Oct, 2001
Burger King names execs to aid break from Diageo. Burger
King Corp., in another step toward a widely expected separation from
parent company Diageo Plc, named executives on Thursday to help the
world's No. 2 hamburger company stand on its own. .... 25 Oct, 2001
Hilton's Profit Drops 66% in 'Difficult' Third Quarter.
Hilton Hotels Corp. on Tuesday reported a 66% plunge in third-quarter
earnings and forecast dismal results for the remainder of the year
amid a dramatic drop in travel triggered by the mid-September terrorist
attacks. .... 25 Oct, 2001
Arby's Lowers Franchise Costs. Proprieters of individual
fast food outlets don't have much individual buying clout. But thanks
to an e-marketplace developed by Arby's, thousands of its far-flung
franchises will receive the same discounts, whether the owner manages
one restaurant or 100. .... 23 Oct, 2001
Seattle's best takes on Starbucks: Company plans to open 22
shops in western Canada. The Canadian coffee market may be
soaked in non-fat lattes and double tall mochas with whole milk and
whipped cream, but there is still something missing, according to
AFC Enterprises Inc., a U.S. franchising giant. .... 23 Oct, 2001
DVDs propel Blockbuster growth. The world's largest
video rental chain saw its earnings rise by 92% in the third quarter,
helped by steady growth of DVD rental revenues. .... [more]
23 Oct, 2001
Hair salon chain Regis quarterly income rises. Hair
salon operator Regis Corp. said on Monday that first-quarter net income
rose 21 percent, in line with Wall Street expectations. .... 22 Oct, 2001
Local Rally's franchise group bought. The largest franchisee
of Rally's Hamburgers restaurants in Ohio has sold its fast-food outlets
in the state to a franchise group out of Florida. .... [more]
19 Oct, 2001
McDonald's launches shake-up. McDonald's has launched
a shake-up of its US operations, in the hope of checking a nine-month-long
slide in profits. .... [more]
18 Oct, 2001
Taco Bell may boost Tricon 4th quarter earnings. Tricon
Global Restaurants Inc., the No. 2 restaurant operator in the world,
said on Tuesday that fiscal third-quarter earnings rose, and reaffirmed
full year forecasts as it nears completion of a restructuring of 1,000
Taco Bell franchises. .... 17 Oct, 2001
U.S. icon McDonalds embraces Islam in Indonesia. Step
inside a McDonald's restaurant in Indonesia's capital, scene of daily
anti-American protests over U.S.-led strikes on Afghanistan, and the
first thing you see is not a Big Mac but a large Islamic poster. ....
12 Oct, 2001
Argentina seeks fines for McDonald's over E.coli. Health
officials in Argentina's capital are asking a court to fine McDonald's
Corp. up to $500,000 after tests showed beef and chicken burgers at
four restaurants were tainted with the potentially deadly E.coli bacteria,
officials said on Friday. .... 12 Oct, 2001
US retail sales plunge. Retail sales in the US plunged
in September, confirming just how badly consumer confidence has been
affected by the 11 September attacks in New York. .... [more]
12 Oct, 2001
Financing a Franchise Becomes Much Easier. Sonja Michael,
a corrections officer at the Willard-Cybulski Correctional Institution
in Enfield, Conn., dreamed of turning in her badge. "I love to cruise,
and I thought, what better way to make a living than by dealing with
happy people going on vacation instead of with inmates who are just
the opposite," she says. .... [more]
10 Oct, 2001
Starbucks stock storms Japan. Shares in Starbucks Japan
climbed as much as 30% during the company's debut on the Japan Nasdaq
stock market. .... [more]
10 Oct, 2001
McDonald's Eliminates Two Divisions. McDonald's Corp.
is cutting the number of divisions in its domestic operations from
five to three to improve communication between headquarters and individual
restaurants. .... 9 Oct, 2001
Spherion sees Q3 earnings at low end of range. Spherion
Corp., a temporary staffing provider, on Monday said it will report
third-quarter earnings at the low end of its previous guidance and
cut 500 jobs, taking charges of up to $80 million, as part of its
restructuring. .... 7 Oct, 2001
Marriott Expects Drop in 4th-Quarter Profit. Marriott
International Inc., whose World Trade Center hotel was destroyed in
the Sept. 11 terrorist attacks, said it expects a sharp drop in fiscal
fourth-quarter profit because of the travel crisis the attacks exacerbated.
.... 5 Oct, 2001
RadioShack's September Comparable Store Sales Decrease 3%.
RadioShack Corporation reported today that total sales from
its retail division, including sales to its dealer/franchise stores,
decreased 6% from $376.2 million last year to $354.0 million this
year. .... 4 Oct, 2001
Seattle's Best Coffee(R) Launches New Cafe Design Redesign
Defines the All American Cafe. - Seattle's Best Coffee®, a
subsidiary of AFC Enterprises, Inc. is debuting an entirely redesigned
cafe, which will serve as the prototype for future company-owned and
franchise locations. .... 4 Oct, 2001
Wall Street Deli files for Chapter 11. Restaurant
operator Wall Street Deli Inc. on Tuesday said it filed for reorganization
under Chapter 11 of the U.S. Bankruptcy Code. .... 3 Oct, 2001
Hotels in US lay off a million workers. In Las Vegas,
casino workers are being sacked without so much as a thank you. At
one resort, the news of their dismissal was written on their time
cards. .... [more]
3 Oct, 2001
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