Domino's CEO Says Credit Crunch Pushing Franchisees Out of Business

Stores are going under because Franchisors are not being realistic and working with their franchisees. The Zors keep insisting on purchasing equipment and items that are not necessary to running a profitable business. Zors are still insisting on incredibly expensive remodels or just remodels alone. It isn't as if this credit crunch is effecting one brand or one nation it is global and the franchisors need to act now and curtail remodels and possibly expansions or they too will see negativity by customers in the marketplace. If customers start seeing a store go out of business they will say hey the economy must really be bad and now i should not go out at all. I use to buy my sandwich or cup of coffee at the store down the street now I'll just bring it to work. The franchisors have to think as a whole. The zors think the coupons are the key but this is not true b/c it hurts the bottom line of the zee which is where the zor receives their revenue. The Zor in the long run will just be hurting themselves. Don't forget noone has the cash now to buy an existing store when a store goes it will close not be resold in this market.