Tim Hortons Inc. and the parent of Cold Stone Creamery said Friday they will team up to create up to 100 co-branded stores that will offer customers both ice cream and coffee shop fare. Tim Hortons and privately-owned Kahala Corp. said they will co-brand up to 50 stores in each chain in the U.S. by…
Read More »The chief business correspondent for US News, Rick Newman, creates a list of companies that look unlikely to make it past 2009. Here are the four franchisors on that list heading to the brink. Krispy Kreme: about 4,000 employees; stock down 50%. The donuts might be good, but Krispy Kreme overestimated Americans’ appetite – and that’s saying something.…
Read More »So are the stimulus bills circulating on Capitol Hill good for small business? Well, yeah. Hundreds of billions of dollars in new government spending will reach small firms, either directly in federal contracts or indirectly as this money makes its way through the economy. Moreover, there are specific tax credits and treatments for investment in…
Read More »Not surprisingly, the metrics are confirming that Denny’s got a lot of attention with its Super Bowl commercial promoting a free Grand Slam Breakfast last Tuesday. Denny’s reported that its $3 million commercial drew two million people into its 1,600 outlets in North America and Puerto Rico. The total expense of $5 million for the…
Read More »Seattle’s Best Coffee, a division of coffee chain Starbucks Corp., said Tuesday that it will expand its franchise program. Seattle’s Best Coffee has grown to more than 550 cafes in nearly four years through a national licensing program. Seattle’s Best Coffee chain said on Tuesday it is recruiting U.S. franchisees in a move aimed at…
Read More »The Inaugural Coalition of Franchisee Associations (CFA) Day Forum will be held February 10-11, 2009 just steps away from the halls of Congress at the Hyatt Regency on Capitol Hill in Washington, D.C.
Read More »Optimedia’s Antony Young Compares Dunkin’ Donuts and McDonald’s We know the recession is hurting purchases of big-ticket items such as cars and flat-screen TVs, but even life’s seemingly small luxuries, such as that morning latte, are being hit hard. Indeed, an Advertising Age study found that 60% of Americans have scaled back from premium coffees…
Read More »Same-Store Sales up 5%; Details Marketing Spending Behind National Coffee Bar Rollout Despite commodity cost pressures, price-sensitive consumers and soaring unemployment, McDonald’s reported impressive fourth-quarter and full-year earnings this morning. The Oak Brook, Ill.-based burger chain reported same-store sales were up 5% in the U.S. during the fourth quarter, and up 4% for the year.…
Read More »McDonald’s Corp quarterly profits beat Wall Street estimates but growth in some overseas markets slowed, reports Reuters. Q4 net income decreased 23%, to $985.3 million, or $0.87 per share, from $1.27 billion, or $1.06 per share, a year earlier, when results included a large tax-related benefit, McDonald’s reported. Analysts had been expecting profit of $0.83…
Read More »With the latte giant reeling from overexpansion and a softening economy, the doughnut maker took aim at its upscale rival. Now McDonald’s has joined the coffee fray as well. Can Starbucks pull through? By Joseph V. Tirella, MSN Money In late 2007, Dunkin’ Donuts made a surprising announcement: In a national taste test in 10…
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