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Log In / Register | Nov 28, 2014

After Worst Drop since 2003, McDonald’s Vows to Change

photo by ps

OAK BROOK, Ill. – In the aftermath of what analysts are calling its worst drop in same-store sales in over a decade, McDonald's vows that it will change. McDonald's Corporation announced last Tuesday that its U.S. same-restaurant sales were down 3.3 percent for the third quarter of 2014.

Avenue Capital Sues Quiznos Former Ownership for Fraud

New Quiznos headquarters in Denver
Quiznos headquarters moves from downtown Denver. Shutters company store prototype. photo/js

DENVER—Multi-billionaire hedge fund investors Avenue Capital and Fortress Investments filed a federal lawsuit against Quiznos former owners Richard ‘Ric’ Schaden, father Dick Schaden and key executives.

Let’s Sell This Crumby Shop to Franchisees

lemons
Pedestrians stare into a shuttered Crumbs shop in Manhattan. photo/ad

Crumbs Bakery Shop contemplated that it had to file Chapter 7 liquidation and close all its remaining stores a week after CRUMBS was delisted July 1 on the NASDAQ stock market.

Restaurants Tell Customers Guns Not Welcome

800px-March_on_Washington_for_Gun_Control_026
March on Washington for gun control. Wikipedia

DENVER – One of the most contentious issues for restaurant chains today is whether or not they should allow customers to bring guns into their establishments.

Despite $10.10 Minimum Wage, CEO Doubts if Dairy Queen Stores Will Cut Staff

Dairy Queen CEO John Gainor tells CNNMoney that "people need to be paid a fair wage."

Subway Leads Fast Food in Underpaying Workers

Franchisees of some of the largest chains -- Subway, McDonald's and Dunkin' -- have been found to have the most in violations of pay and hour laws.

As McDonald's Sales Slide, Franchisees Seek Action

A red convertable at a McDonald's drive-thru
There's not only a missing customer, but drive-thru speed has slowed at McDonald's. Photo by Thomas Hawk

OAK BROOK, Ill. – McDonald's Corporation last week announced disappointing results for its first quarter ending March 31, 2014. McDonald's same restaurant sales in the United States decreased 1.7 percent.

Fighting Leukemia, Subway Co-Founder Fred DeLuca Mingles with Franchisees

Subway sandwich chain franchisees report that founder and president Fred DeLuca, who a year ago was diagnosed with an acute form of leukemia, is still engaged with franchise owners.

McDonald's Franchisee to Pay $500K to Workers for Back Wages

McDDSC_0773New York’s attorney general announced yesterday that a McDonald’s franchisee in Manhattan has agreed to pay $500,000 to workers for cheating them of out of pay.

Midscale, QSR, Shrink while Fast Casual Booms

Traffic growth in 3 major segments of the restaurant industry
Chart: Blue MauMau; Data: NPD Group

LEXINGTON, Ky. – The average restaurant saw zero increase in traffic in 2013 and almost zero in the last five years. Restaurants have learned to squeeze a little more out of what they have.