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April 2020

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Covers everything from good news to bad judgment
Batteries Plus Bulbs Daily Briefings Boost Morale

Batteries Plus Bulbs Daily Briefings Boost Morale

Batteries + Bulbs CEO Scott Williams is convening a "war room" update every afternoon over Zoom for his 20-person management and field staff, all working from home. It's helping to boost morale.

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McDonald’s CEO Takes Pay Cut, Brand Reduces Capital Costs

McDonald’s CEO Takes Pay Cut, Brand Reduces Capital Costs

McDonald’s will reduce the number of Experience of the Future remodels across the U.S. and also cut the number of new restaurant openings in most markets around the world, two moves the company expects will save about $1 billion in capital expenditures.

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Looking Beyond Turmoil, Franchisee Signs 5-Unit Deal With Rise Biscuits

Looking Beyond Turmoil, Franchisee Signs 5-Unit Deal With Rise Biscuits

Parker Simon and Bradley Turney are already scouting locations in Tulsa, Oklahoma, where they plan to open Rise Southern Biscuits & Righteous Chicken after inking a five-unit deal despite an upheaval of the restaurant industry caused by the COVID-19 pandemic.

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TGI Fridays SPAC Merger Is Terminated

TGI Fridays SPAC Merger Is Terminated

Blaming “extraordinary market conditions,” the TGI Fridays SPAC merger with Allegro is off.

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How to Communicate in a Pandemic, by Cousins Subs' CEO

How to Communicate in a Pandemic, by Cousins Subs' CEO

Christine Specht, CEO of Cousins Subs, believes communication—and especially, communication without all the noise—is the most important mission for franchisors right now.

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Pandemic Not Yet Boosting Big Third-Party Delivery Providers

Pandemic Not Yet Boosting Big Third-Party Delivery Providers

Data from Gordon Haskett’s shows that nearly 60 percent of respondents don’t feel comfortable with a delivery person coming to their house. With data for the week of March 20, 58.6 percent of people included in the study said accepting deliveries at home made them uncomfortable.

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Advice From My Salon Suite Franchise on Staying Afloat

Advice From My Salon Suite Franchise on Staying Afloat

For My Salon Suite, a salon franchise offering fully-furnished suites where beauty professionals can own and operate their own businesses, COVID-19 closures require that all parties involved get creative to stay afloat.

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Hurry Up and Wait for SBA Help

Hurry Up and Wait for SBA Help

The Small Business Administration shared its final guidance around the Paycheck Protection Program and financial institutions are reeling. But operators should get in line.

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Mayweather Boxing Sees Opportunity Amid Studio Shutdown

Mayweather Boxing Sees Opportunity Amid Studio Shutdown

While the uncertainty is weighing on franchisees—“everyone is wanting to know when they’ll be able to reopen”—Mayweather Boxing CEO James Williams said there’s also opportunity to market memberships and even help franchisees in the sold-but-not-open stage find more attractive real estate.

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Walk-On’s Restaurants Go All In on Family Meals

Walk-On’s Restaurants Go All In on Family Meals

Walk-On’s, the Cajun-themed sports bar and restaurant franchise partly owned by New Orleans Saints Quarterback Drew Brees, has gone all in on family-style meals after each of its 37 locations closed their expansive dining rooms due to the COVID-19 pandemic.

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Homecare Franchises On Front Lines of Virus Battle, Says Best Life Exec

Homecare Franchises On Front Lines of Virus Battle, Says Best Life Exec

Homecare franchises are on the front lines of the COVID-19 battle, and are seeing growth rather than shutdown. "We're hiring across the nation," said Best Life Brands' chief revenue and operating officer.

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Lawsuit Alleges Edible Arrangements Founder Is Self-Dealing

Lawsuit Alleges Edible Arrangements Founder Is Self-Dealing

The franchisee association is suing Edible Arrangements and its founder, Tariq Farid, alleging "self-dealing" and improper use of the advertising fund among other complaints. Now they're adding retaliation to the list.

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AFC Urgent Care Franchise Gears Up to Fight COVID-19

AFC Urgent Care Franchise Gears Up to Fight COVID-19

Triage pods in the parking lots are among the innovations rolled out at five AFC Urgent Care clinics in Portland, Oregon, where owner Guru Sankar is trying to relieve an overburdened hospital and ER system while at the same time keeping his clinics' doors open.

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Can’t Pay Rent? Communication, Transparency Is Key

Can’t Pay Rent? Communication, Transparency Is Key

Today is a big mile marker in the COVID-19 pandemic—it’s the first time many business owners had to decide exactly what they were going to do about the rent bill.

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International Franchises Take Market-by-Market Approach to Pandemic Response

International Franchises Take Market-by-Market Approach to Pandemic Response

For brands with franchisees operating in regions around the world, they’re planning for what’s next—even as situations during the COVID-19 pandemic are sometimes wildly different from market to market.

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Sky Zone Plans More Non-Traditional Locations, Bad Timing Aside

Sky Zone Plans More Non-Traditional Locations, Bad Timing Aside

If timing is everything, consider Sky Zone's first foray into the world of non-traditional locations as a case of the bad.

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Franchises Should Play Offense Not Just Defense, Buzz Brands CEO Says

Franchises Should Play Offense Not Just Defense, Buzz Brands CEO Says

"If it looks like you're overreacting, you're probably doing the right thing." That's a quote from Dr. Anthony Fauci, the nation's point medical man on the pandemic, that Kevin Wilson, CEO of Buzz Franchise Brands, takes to heart. But he also advised playing offense, on a webinar sponsored by FranConnect.

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How Franchises Are Helping Senior Citizens During COVID-19

How Franchises Are Helping Senior Citizens During COVID-19

A Taco John’s franchisee is offering free meals to elderly citizens, a Junk King franchisee has partnered with a local food bank to deliver meals to seniors stuck at home, and Assisted Living Locators has partnered with Love For The Elderly, a nonprofit organization that mails handwritten letters to seniors.

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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.

Laura MichaelsLaura Michaels is editor of Franchise Times. She can be reached at 612.767.3210, or send story ideas to lmichaels@franchisetimes.com.
 
Beth EwenBeth Ewen is senior editor of Franchise Times. She can be reached at 612.767.3212, or send story ideas to bewen@franchisetimes.com.
 
Nicholas UptonNicholas Upton is restaurants editor 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.
 

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