Applebee's aims to identify older locations in areas “where once vibrant retail, residential and traffic characteristics are just no longer present,” the brand's president, John Cywinski, noted, along with restaurants that are underperforming “and perhaps even brand-damaging restaurants with unsustainable unit economics.”
La Madeleine French Bakery and Café is already more than halfway to its goal of refranchising 38 corporate locations, an initiative the brand announced in March at the Franchise Times Finance & Growth Conference.
A new partnership between point-of-sale giant NCR and delivery providers DoorDash and Grubhub aims to eliminate the separate tablets that have become a necessary evil for restaurants looking to add revenue through third-party delivery.
As a society, we’ve made massive strides in public health. Smoking rates have declined sharply, teenagers have lower rates of sex, drug use and drinking, bars and coffee shops are no longer filled with clouds of smoke, and we’re even using less high fructose corn syrup—progress! But the franchised restaurant world is still exposed to how unhealthy some of its foods are.
“Today, the consumer culture has turned a page toward social justice,” declared Ken Petersen, founder and CEO of Apricot Lane Boutique, when I reached him today to talk about how retailing is changing in this era of big-box store closures and Amazon everywhere.
Most entrepreneurs have their elevator pitch down pat—that 30-second speech about their company that can be delivered in the time it takes to go up or down a few floors. But angel investors and venture capitalists on a panel this week recommended listening rather than talking.
Wyndham Hotel Group is set to become a new, publicly traded company by the first half of next year. Based in Parsippany, New Jersey, it operates or franchises more than 8,100 hotels across several brands, including Ramada, Days Inn and Baymont Inn & Suites.
They say capital’s cheap and easy these days. Because there are so many good business ideas out there, I’ll keep this brief: I’m thinking of becoming a franchisor in the cereal business down in Kentucky. Who’s coming with me?
A U.S. House committee has introduced legislation defining what it means to be a “joint employer,” stating the employer must “directly, actually and immediately” exercise significant control over the primary elements of employment to be so considered and thus liable for violations of workers’ rights.
Chip Paul is shutting down his electronic cigarette franchise, Palm Beach Vapors, which at its peak had 21 units, for regulatory reasons. Meanwhile, he’s starting a new company called Gnu Pharma, which is developing herbal supplements that he will sell through distributors but definitely not roll out as a franchise. Why not?
In its Q2 2017 U.S. Shopping Center Marketbeat, C&W predicts an increase in retail closures over 2016 with retail bankruptcies and consolidations magnifying the impact of e-commerce and other seismic shifts.
Denny’s On Demand, which the company launched nationally in May through a partnership with Olo, includes online and mobile ordering and payment for to-go items, plus delivery via Olo’s Dispatch network of third-party services.
Huddle House entered new markets across 14 states, including the brand’s first Maryland location and additional growth in New Jersey, where the all-day breakfast concept has one store open and five more in development. Eight of its multi-unit owners signed additional agreements in fiscal year 2017 to open 22 more locations.
I’m continually amazed by the number of better-burger players out there, but the herd has stayed strong as the competition has intensified. And, for whatever it’s worth, Wayback Burgers is still expanding like crazy, recently hitting 120 domestic locations and many new international openings in the hopper.
Restaurants and retailers have clearly read the memo that younger consumers want an experience when they spend their precious fun money. The latest innovation is a great one for a summer Friday—World of Beer’s ALEgorithm that it bills as a Pandora-style “beer discovery engine” providing beer recommendations based on personal taste and member engagement.
Gen Xers, usually in the shadow of millennials and baby boomers, are an equally important customer base for restaurants, finds a new NPD Group foodservice study.
Courting social media Influencers is one way restaurant owners can create buzz around new food items or new store openings.
For franchised service concepts in the moving segment, summer the opportunity of the year, but to get the most out of the season, it takes a thoughtful approach.
When Wan Kim bought Smoothie King in 2012, he had a singular thesis in mind: to be a part of every healthy lifestyle. It seems to be working.
As the so-called non-traditional real estate strategy goes mainstream, Dunkin’ Donuts is the latest announcement with a new partnership to open three restaurants in Price Chopper grocery locations in Kansas. It’s a safe bet that we’ll be seeing more grocery store tie-ups, among others as restaurant brands seek to go wherever people congregate.