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Sears Fades While Retail, Restaurants Retreat

Sears Fades While Retail, Restaurants Retreat

Last year’s talk of a restaurant recession has morphed into broader, more sustained hard times for many of the best known retail and restaurant brands, led today by the apparent demise of Sears that’s been a very long time coming. The 'Trump bump' appears over, oil prices are back in the toilet, mortgage applications are falling, interest rates are rising, institutional investors fear U.S. stocks are overvalued and we have officially entered a new wave of economic uncertainty.

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In Boardroom Shuffle, Puzder Exits CKE, KFC’s Marker Takes Over

In Boardroom Shuffle, Puzder Exits CKE, KFC’s Marker Takes Over

Jason Marker will take over as CEO of CKE Restaurant Holdings, replacing Andrew Puzder, who served at the head of the company since 2000. Puzder, who served through the Great Recession, plotting a new course for growth, became a household name as President Donald Trump’s Labor Secretary nominee.

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Former Wingstop Execs Look to ‘Strike Gold’ With Huey Magoo’s

Former Wingstop Execs Look to ‘Strike Gold’ With Huey Magoo’s

Andy Howard, along with fellow former Wingstop execs Michael Sutter, Wes Jablonski and Bill Knight, bought Huey Magoo’s Chicken Tenders in November 2016 because, as Howard said, “the sky’s the limit of what we can do with this little brand.”

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Converting Consumers from 'Buds' to Craft Suds

Converting Consumers from 'Buds' to Craft Suds

No matter the region or the demographic, craft beer is growing. By the end of the year, there will be a projected 6,000 breweries providing more than 100,000 types of beer.

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Wendy’s Innovates on Real Estate

Wendy’s Innovates on Real Estate

Showing off gleaming, modern pictures of its reimaged store concepts, Wendy’s director Angela Coppler said the prohibitive cost of building new restaurants has led the brand to convert former Burger Kings, retail storefronts and even banks as it seeks to add new locations without breaking the piggy bank of the third-largest QSR hamburger player or its franchisees.

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Where's Wahlberg? Celebrity Cache Found on Big Screen at FFGC

Where's Wahlberg? Celebrity Cache Found on Big Screen at FFGC

The celebrity Wahlberg brothers, who also star in a reality show about the behind-the-scene antics at Wahlburgers, are the star power behind the brand that prides itself on serving chef-driven food on a bun.

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Jimmy John's Leads List of Franchise Times Dealmakers Winners

Jimmy John's Leads List of Franchise Times Dealmakers Winners

Jimmy John’s Gourmet Sandwiches today received the Franchise Times Deal of the Year award, for attracting Roark Capital as a majority investor and cashing out Weston Presidio, its original private equity partner, for a handsome return in a more than $2-billion transaction.

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Batteries+Bulbs Highlights the Value of Investing in Retail at FFGC

Batteries+Bulbs Highlights the Value of Investing in Retail at FFGC

In an agenda dominated by food brands, Russ Reynolds, CEO of Batteries +Bulbs, shed some light on why his retail brand is a good financing fit for the lenders attending the Franchise Finance & Growth Conference at the Encore in Las Vegas, March 13-15, 2017.

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Moe's Digital Drive-thrus Pushed by Off-premise Growth

Moe's Digital Drive-thrus Pushed by Off-premise Growth

Historically, QSR has gotten the bulk of off-premise dollars via the drive-thru. But fast casual is catching up with new technology.

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Amid Slump, Ruby Tuesday Explores All Options

Amid Slump, Ruby Tuesday Explores All Options

Times are tough in the casual dining segment, as evidenced by slumping same-store sales by many restaurants, changing consumer habits and a massive onslaught of fast-casual competitors. The latest player in this category to struggle is Ruby Tuesday, which announced it is “exploring strategic alternatives in order to maximize shareholder value,” including a potential sale or merger.

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Marco’s Pizza Sets Sight on 200 More Stores Over 2 Years

Marco’s Pizza Sets Sight on 200 More Stores Over 2 Years

Speaking Monday, March 13, during the first day of the Franchise Times Finance and Growth Conference in Las Vegas, President Bryon Stephens noted Marco’s Pizza has more than doubled its store count since 2012, to 815 locations in dozens of states. And more growth is in sight.

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Franchisors Highlight Capital Needs at FT Conference

Franchisors Highlight Capital Needs at FT Conference

Dunkin Brands has significant capital needs in 2017: $2.5 million for Baskin Robbins remodels; $6 million for Baskin Robbins new builds; $99 million for Dunkin’ Donuts remodels; and $263 million for Dunkin’ Donuts new builds. As told by Dunkin’s Jason Maceda, vice president of finance, it was the most obvious reason explaining lender interest at the Franchise Times Finance & Growth Conference that opened yesterday in Las Vegas.

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Timing Is Everything When Seeking Growth Capital

Timing Is Everything When Seeking Growth Capital

“Rather than the ‘when,’ it’s far more important to focus on ‘who’ you are partnering with and how the deal is structured,” says NRD Capital Managing Partner Aziz Hashim, about getting funding for franchise expansion. He was speaking to Living Large columnist Poornima Apte, who details in an upcoming print edition how and when three emerging franchise brands should seek capital to foster growth,

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Greene Turtle Thinks Casino-Based Model Is Good Bet

Greene Turtle Thinks Casino-Based Model Is Good Bet

The Greene Turtle has opened its first casino-based restaurant at the Hollywood Casino in Perryville, Maryland, along with a new, 24-hour fast-casual eatery called Greene Turtle Express. Tom Finn believes the firsts for the company hold promise for more such expansion.

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A Bermuda Short Story

A Bermuda Short Story

Bermuda is an odd choice for a franchise writer to be visiting, since there is more public art than franchises. The government prohibits foreign franchises, with the exception of franchised hotels, our cab driver gleefully told us.

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Boston Markets Phasing Out Antibiotics

Boston Markets Phasing Out Antibiotics

The latest franchisor to jump on the train is Boston Market, which will serve antibiotic-free rotisserie chickens by the end of Q1 2018. According to the Colorado-based chicken chain, its goal is serving 100 percent antibiotic-free rotisserie chicken as soon as possible—with currently more than 75 percent of its chickens being raised without the use of antibiotics.

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Arby’s Opens NYC Restaurant, Serves Up Venison Sandwiches

Arby’s Opens NYC Restaurant, Serves Up Venison Sandwiches

Last year Arby’s made headlines when it began testing venison sandwiches in select locations around the country. States like Wisconsin, Pennsylvania, Michigan and Minnesota were able to get in on the deer meat craze for a limited time, and the sandwiches sold out almost immediately.

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McDonald's Previews 'Experience of the Future' With Delivery, Curbside Pickup

McDonald's Previews 'Experience of the Future' With Delivery, Curbside Pickup

McDonald’s included a pack of surprisingly bold McNuggets with its Investor Day in downtown Chicago earlier this week as the fast-food giant unveiled plans for meal delivery, app-based mobile ordering, curbside pickup and a “more modern, more exciting restaurant environment” as part of its new Experience of the Future restaurant concept that’s already delivering sales gains in markets outside of the United States.

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Four Foods Adds Soda Shop to Growing Stable

Four Foods Adds Soda Shop to Growing Stable

Four Foods Group has scooped up another company, The Soda Shop, from founders Chase Wardrop and Dylan Roeder, who will both retain equity in the company and serve as division presidents.

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Accounting Change Is More Dramatic Than Most

Accounting Change Is More Dramatic Than Most

A new accounting rule will change when franchisors can recognize revenue from initial franchise fees—stretching it out for the life of a development agreement rather than when the first location opens—and could mean a big hit to income statements. So warns Kevin Hein, a franchise attorney at Alexius in Denver.

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Covers everything from good news to bad judgment

About This Blog

The latest news, opinions and commentary on what's happening in the franchise arena that could affect your business.

Tom KaiserTom Kaiser is associate editor of Franchise Times. He can be reached at 612.767.3209, or send story ideas to tkaiser@franchisetimes.com.
 
Beth EwenBeth Ewen is editor-in-chief of Franchise Times. She can be reached at 612.767.3212, or send story ideas to bewen@franchisetimes.com.
 
Nicholas UptonNicholas Upton is staff writer at Franchise Times. He can be reached at 612.767.3226, or send story ideas to nupton@franchisetimes.com.
 
Mary Jo LarsonMary Jo Larson is the publisher of Franchise Times Magazine and the Restaurant Finance Monitor.  You can find her on Twitter at
 twitter.com/mlarson1011.
 
Nancy WeingartnerNancy Weingartner is editor-at-large of Franchise Times magazine and the editor of the Food On Demand media project. You can reach her at 612-767-3200 or at nancyw@franchisetimes.com.
Follow her on Twitter at http://twitter.com/nanweingartner.
 

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