The front window of an Ace Hardware franchise. photo/bmm
OAK BROOK, Ill. – Ace Hardware Corporation reported that 3,000 retailers, which share POS data, increased customer count as well as average transaction size. The result was that Ace owners had a same-store sales increase of 3.7 percent in the past quarter. For the first nine months of 2014, same-store-sales at these stores were up even higher, 4.1 percent.
NEW YORK - A group of McDonald's restaurant employees from New York, Chicago and Los Angeles are on a mission to eight countries to enlist fast-food workers, unions and elected officials in support of the global movement for higher pay and union rights.
ATLANTA – Furniture leaser Aaron's, Inc. (NYSE:AAN) announced Monday that John W. Robinson III has been appointed chief executive officer, effective immediately. Robinson will also be a member of the franchisor's board of directors.
Future veteran U.S. Navy Aviation Structural Mechanic 3rd Class Donald Taylor inspects a brake line on his tablet. Photo: Dept of Defense
The International Franchise Association released its 2014 Veterans in Franchising progress report for this Veterans Day. After launching its Operation Enduring Opportunity (OEO) program in January 2011, as part of its VetFran Program, the organization set the lofty goal of 80,000 veterans by 2014.
A federal district court in southern California ruled that Massage Envy could be held liable for violations of the California Unfair Competition Law (UCL) regarding the membership agreements it had originated and distributed to its franchisees for sale to the public. The lawsuit was originally filed on January 18, 2012.
A Missouri district court awarded H&R Block Tax Services $481K in attorneys' fees in connection with litigation arising out of the franchisor terminating its largest franchisee in Puerto Rico. The court had previously awarded H&R Block $1.3M in damages and issued a permanent injunction, enforcing the franchisee's post-termination obligations.
NEW YORK – Retail chain-store sales in the United States posted a gain of 4.6% for the fiscal month of October on a year-over-year basis, according to a tally of comparable-store sales compiled by the International Council of Shopping Centers (ICSC).
CHICAGO—Retailers are expected to hire more temporary employees this holiday season than at any time since the 21st century began, according to an outplacement consultancy. The bad news for brick and mortar retailers is that hiring continues to shift towards online retailers.
Assume that you are a large multi-unit franchisee and you have the opportunity to sell your business to either an existing franchisee or to someone who wants to become a multi-unit franchisee in your system. You read your franchise agreements (perhaps for the first time) and discover that you may not transfer without the franchisor's permission.
Somehow, the year has flown by. It’s the beginning of November, and the holiday shopping season has begun. Earlier than it used to, but it’s here. We know that ever-more retailers plan to open their doors on Thanksgiving Day. And most of you know, we’re not crazy about the idea.
Super-charged by increased mobile outreach, intensified consumer planning, and raised numbers of retailer mobile apps, traditional retailers will be going to work earlier and working harder to engage consumers this season. That is if they want their share of the projected individual $855 in holiday spend, which is about 4% higher than last year.
For many people, starting a business is a dream they want to make a reality. It's not a choice for everyone, as it does come with considerable risks; but if you're willing to stick with it, it could pay off handsomely in the long run.
The sandwich chain Jimmy John’s is getting some unwanted attention from the federal government amid reports that it requires its low-level employees to sign noncompete agreements as a condition of employment.
As we explain in our new book, Negotiating Commercial Leases & Renewals For Dummies, not all buildings or properties are created equally. The more you can think like your customer, the more likely you are to choose the right location for your business.
Governor Brown’s recent veto of the proposed California franchise legislation was momentously stunning in light of his political background, the legislature’s strong support for the proposal, and the relatively unthrusting additional functional protection that the legislation would have provided to franchisees. Why did he veto the legislation?
Paul Hibler, whose Pitfire Artisan Pizza small chain has garnered attention and awards, such as from the American Institute of Architects for the design of its Culver City store, gives advice on how to be a restaurateur.
Under the Affordable Care Act (ObamaCare), employers with a hundred or more full-time workers are mandated on January 1, 2015 to provide at least 70 percent of their employees with health insurance or owe the IRS $2,000 per worker.
Things have turned around for the Arby's sandwich chain. Now that it has separated from publicly traded Wendy's (NASDAQ:WEN), private Arby's no longer has to disclose same-store sales figures or financials.
Steve DeSutter, CEO of FOCUS Brands, the parent company of Auntie Anne's Pretzels, Cinnabon, Carvel, McAlister's Deli, Moe's Southwest Grill and Schlotzsky's, drew on his many years in the foodservice industry to identify four trends for the benefit of his audience at last week's International Foodservice Manufacturers Association Presidents Conference in Phoenix.
Many restaurants and merchants, including franchises, are offering free meals or discounts tomorrow, Veterans Day (Tuesday, November 11, 2014). A few have already started their offers, while some are waiting until next week Monday.
"Investors may find it hard to understand, but comps are second to franchisee profitability. We start with how much money our franchisees are making and work back from there."
States Mr. Nigel Travis, CEO and chairman of Dunkin' Brands about the importance of watching same-store sales comparable figures at the Restaurant Finance & Development Conference in Las Vegas. Nov 11
"We could see retailers add more than 800,000 seasonal workers for the first time since 1999."
Says John A. Challenger, chief executive officer of outplacement consultant Challenger, Gray & Christmas, Inc. | BMM Nov 6
"Is Jimmy John’s doing something illegal by making its sandwich-makers sign noncompetes? The answer is 'no.' A better question to ask is whether it’s a good idea, and the answer to that is 'not really.'"
Writes labor and employment attorney Mark Fijman in today's Voices column about the poor choice of requiring low-wage employees at franchises to sign non-compete clauses. | BMM Nov 6