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March 2020

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Covers everything from good news to bad judgment
Flexibility Act Loosens PPP Rules

Flexibility Act Loosens PPP Rules

More relief for businesses struggling through COVID-19 comes from the Federal Reserve.

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A Guide to Franchise Registration State Filing Extensions

A Guide to Franchise Registration State Filing Extensions

Several franchise registration states are making adjustments to filing deadlines and are updating other guidelines for renewals and applications in an effort to assist franchisors experiencing a severe disruption to their business.

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Yum CEO David Gibbs Foregoes Salary Amid COVID-19 Pandemic

Yum CEO David Gibbs Foregoes Salary Amid COVID-19 Pandemic

Yum CEO David Gibbs joins other CEOs and business leaders in foregoing a salary as businesses around the world struggle to combat COVID-19.

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What Restaurants & Franchises Need to Know About the Payroll Loan Program

What Restaurants & Franchises Need to Know About the Payroll Loan Program

Options for beleaguered restaurants owners are mobilizing quickly. Here is what you need to know. The CARES Act, recently passed by Congress and signed by President Trump on March 27, allows the Small Business Administration to guaranty $349 billion in loans to small businesses that have been impacted economically by the COVID-19 virus.

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These Fitness Franchises Are Still Helping Us Sweat

These Fitness Franchises Are Still Helping Us Sweat

Like their counterparts in the restaurant segment, fitness franchises have had to close their doors following various state mandates to slow the spread of the COVID-19 virus and, much like restaurants, they’re pushing their business model online. Perhaps better prepared for this shift thanks to the rise in at-home fitness classes, brands are rolling out virtual workouts and giving many people—FT’s editorial team included—a much-needed outlet as the lockdown continues.

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Restaurant Relief Fund Aims to Support Workers

Restaurant Relief Fund Aims to Support Workers

With support from celebrity chef Guy Fieri, the National Restaurant Association Educational Foundation created a Restaurant Employee Relief Fund that will provide one-time $500 checks to restaurant workers.

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Off-premises Experts Share Actions to Implement Now

Off-premises Experts Share Actions to Implement Now

If your restaurant is keeping the lights on amid the coronavirus pandemic, status-quo business plans no longer apply. Two experts in the off-premises space are recommending operators make critical changes immediately to get through this crisis, while also setting their restaurants up for success when normalcy finally returns to the dining room.

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TruFusion Rolls Out Meditation, Self-Care Tips for Members

TruFusion Rolls Out Meditation, Self-Care Tips for Members

If your local gym isn’t closed due to COVID-19 already, it likely will be soon. TruFusion, an everything-in-one studio backed by athletes such as Russell Wilson and Alex Rodriguez, decided to offer online classes for members ranging from bootcamp to yoga to Pilates.

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Top Crisis Management Tips for Franchises

Top Crisis Management Tips for Franchises

Franchises are—or should be—in the third wave of crisis communication, said Lorne Fisher, CEO of Fish Consulting. “It’s how do we re-engage with customers” and keep the brand relevant “even if you’re not open." Fisher and other industry professionals in PR and brand marketing offered tips for franchises as they navigate effects of the COVID-19 pandemic.

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You Can Fight Insurers Denying Business Interruption Claims, Attorney Says

You Can Fight Insurers Denying Business Interruption Claims, Attorney Says

Franchisee attorneys Robert Zarco and his partners have a new big target: insurance companies, which are routinely denying business interruption claims made by restaurant, hotel and other operators amid COVID-19 shutdowns mandated by the states.

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Adjust but Don’t Stop Franchise Development, Brands Say

Adjust but Don’t Stop Franchise Development, Brands Say

“This is the time for smart people … to double down and really become aggressive with what you’re doing,” said Bryon Stephens, co-founder of Pivotal Growth Partners, which focuses on accelerating emerging brands. “Be a contrarian” while others are pulling back.

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Franchises Offer Relief to Operators, With a Side of Encouragement

Franchises Offer Relief to Operators, With a Side of Encouragement

Franchisors are offering royalty and other relief to their franchisees during the COVID-19 crisis, along with advice and encouragement, while often feeling pain themselves.

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As Restaurants Pivot, FT Reporters Test Curbside Service

As Restaurants Pivot, FT Reporters Test Curbside Service

Red Robin smartly began investing in its off-premises channels a few years ago, bolstering its online ordering platform and partnering with third-party delivery services to meet consumer demand. But, as the brand noted back in 2018, the most profitable transaction is when guests order online and pick up their food in the restaurant, which saves on front-of-the-house labor and skips the commission charge normally paid to the delivery service.

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Data Quantifies Cratering Restaurant Traffic

Data Quantifies Cratering Restaurant Traffic

While it’s probably obvious that restaurant traffic is down as state and federal mandates require the majority of U.S. dining rooms close, traffic and sales data show the full breadth of the damage so far.

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Restaurant Brands Quickly Pivot to Off-Premises Options

Restaurant Brands Quickly Pivot to Off-Premises Options

Wendy’s, McDonald’s, Starbucks and Chick-fil-A were the first brands to announce they would shut down dining rooms but remain open for delivery and to-go orders. Short of full closures, many restaurant companies are significantly tweaking operations as coronavirus-necessitated social distancing radically impacts the industry.

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Eureka Idea Leads Edible to COVID-Era Success

Eureka Idea Leads Edible to COVID-Era Success

Amid all the chaos and fear, Edible Brands President Cheikh Mboup took a hard look at the company and how it could not just survive, but perhaps innovate.

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Expecting Job Losses, Industry Associations Call for Billions in Aid

Expecting Job Losses, Industry Associations Call for Billions in Aid

The International Franchise Association and National Restaurant Association are requesting billions in industry-specific recovery funds as businesses are forced to close or adjust operations in an attempt to slow the spread of the COVID-19 virus. Job losses in franchising alone could be near 400,000, according to FRANdata.

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How Franchises Can Focus on Communication Amid a Pandemic

How Franchises Can Focus on Communication Amid a Pandemic

While scientists scramble to find a treatment for COVID-19, unprecedented quarantines and social distancing measures urged by the CDC have prompted closures of restaurants, bars, fitness clubs and other franchising sectors. This means a lot of business activity is grinding to a halt—except for drive-thru and delivery services.

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The Ultimate Challenge for Restaurants: Surviving COVID-19

The Ultimate Challenge for Restaurants: Surviving COVID-19

With the COVID-19 pandemic in full force, what can you do to stay in business and protect the long-term viability of your restaurant operation? Two things are paramount: First, keep your employees informed and try to keep them working as much as possible. Second, as sales slow, cash must be protected at all costs.

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Franchises Face New Sick Leave Rules Amid COVID-19 Spread

Franchises Face New Sick Leave Rules Amid COVID-19 Spread

As cities and states across the country order the temporary shutdown of bars, restaurants, gyms and other public gathering places in an attempt to slow the spread of COVID-19, franchise business owners are grappling with how and if they can continue to pay workers—and wondering what requirements new legislation could impose.

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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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