Category Archives: The Wire

Breakdown of important industry news and developments affecting franchises everywhere.

What We’re Reading – Nov 22

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POST AND COURIER – Franchises tend to do quite well during times of recession, according to the IFA. Read how two franchisees found success, and how one business can help you find it for yourself. – Warren Wise

WALL STREET JOURNAL – The holiday season looks to be a turning point for a few retailers grabbing for the small share of consumer dollars. The International Council of Shopping Centers predicts mall sales will rise just 2.2%. – Miguel Bustillo, Ann Zimmerman, Dana Mattioli

HOTEL NEWS NOW- Inbound Chinese tourism is expected to increase 274% over the next five years, evidence of the country’s rapid emergence as a super power into the global economy. Hotel chains are responding to this influx with programs catered to Chinese guests. – Patrick Mayock

 

What We’re Reading- Nov. 16, 2011

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FOX NEWS: Veterans have what it takes to become successful franchisees. As more veterans return from Iraq and Afghanistan many are turning to franchising as a career. – Liza Porteus Viana

SACRAMENTO BEE: Guidant Financial will sponsor one veteran each month for the next year free of charge. The financial company will also offer a 10 percent discount to all U.S. veterans in hopes of jumpstarting locally owned businesses. – Guidant Financial

PR URGENT: The United Franchise Group announces that after recent success with its franchisee lending program, its available funds have increased from $5 million to $10 million. – United Franchise Group

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What We’re Reading

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The Street: A lack of capital in an uncertain economy has made it increasingly difficult for franchisees to find sufficient funding. Not everyone loves the idea, but several franchises have taken the responsibility of financing in-house by helping franchisees through the lending process. — Laurie Kulikowski

Business Insider: A $13 billion fast food revolution is taking over India. With 60 percent of the Indian population currently under 30, it’s no mystery why both domestic and American brands like McDonald’s and Dunkin Donuts are aggressively expanding in India’s franchise-fertile economy. — Jason Overdorf

Market Watch: The Georgia Small Business Development Center has turned to franchising to help with Georgia’s joblessness. Funded by the Small Business Jobs Act, HR5297, FranNet consultants educated transitional corporate workers, retiring executives and returning veterans for businesses in the franchising industry.

What We’re Reading

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Notes on what’s going on in the small business and franchising worlds.

 

Las Vegas Sun: Two tax breaks that small businesses got during the Recession are shrinking. The changes affect small business’ deductions for equipment. – Associated Press

PRNewswire: CRAL Franchise Development, Inc. joined the national VetFran program in order to offer financial incentives to veterans interested in franchise opportunities. – CRAL Franchise Development

Winston-Salem Journal: Krispy Kreme Doughnuts announces plans for expansion across the pond in the United Kingdom. – Richard Craver