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Retail Franchise Industry News & Announcements

Franchising.com brings you the latest in Retail franchising news from around the web. As one of the most trusted news sources for the Retail franchise industry, Franchising.com streams hundreds of the latest news directly to your desktop.

Aaron's, Inc. Reports Second Quarter Results »

July 25, 2014 at 7:41AM PDT | Source: Aaron Rents, Inc.

- Acquired Progressive Finance, Leading Virtual Lease-To-Own Company
- Total Revenues of $672.5 Million
- Net Earnings of $8.5 Million; Diluted EPS of $.12
- Non-GAAP Diluted EPS of $.37
- $50 Million in Potential Annual Cost Savings Identified
- Progressive Continues to Exceed Expectations
ATLANTA - July 25, 2014 /PRNewswire/ - Aaron's, Inc. (NYSE: AAN), a leader in the sales and lease ownership and specialty retailing of furniture, consumer electronics, home appliances and accessories, today announced revenues and earnings for the second quarter and six months ended June 30, 2014.
For the second quarter of 2014, revenues increased 22% to $672.5 million compared to $550.5 million for the second quarter of 2013...

Aaron's, Inc. Announces Dave Buck, COO, Retiring »

July 25, 2014 at 4:43AM PDT | Source: Aaron Rents, Inc.

Tristan Montanero and Michael P. Ryan to Lead Operations; Scott Harvey Named VP of Franchising
ATLANTA - July 24, 2014 /PRNewswire/ - Aaron's, Inc. (NYSE: AAN), a lease-to-own retailer specializing in the sales and lease ownership of furniture, consumer electronics, home appliances and accessories, announced today that Dave Buck, age 64, plans to retire as Chief Operations Officer after a 25-year career at Aaron's. Effective August 1, Senior Vice President of Operations Tristan Montanero and Michael P. Ryan will be co-leaders of Operations at Aaron's, with Ryan being promoted to Senior Vice President of Operations from Vice President of Franchising. Aaron's named Scott Harvey, former Vice President of Operational Support, to succeed Michael P...

Wireless Zone® Announces Discovery Day For Entrepreneurs »

July 25, 2014 at 4:25AM PDT | Source: Wireless Zone® Franchise

Nation's largest Verizon Wireless franchise retailer invites potential business owners to Connecticut headquarters to learn about owning a Wireless Zone® store
July 23, 2014 // Franchising.com // Middletown, CT – Wireless Zone®, the nation's largest Verizon Wireless retail franchisor, is inviting potential business owners to a Discovery Day at its headquarters in Middletown, Connecticut, on Monday, July 28 from 8:30 a.m. - 3 p.m. The event will give entrepreneurs an opportunity to go behind the scenes of the company and lay the foundation for store ownership.
"Wireless Zone® is expanding rapidly throughout the country, and we've got a lot of entrepreneurs excited to start their own wireless business," said Janet Labanara, director of franchise development for Wireless Zone®...

Win $5000 With The Uh Oh! Better Help MAACO Video Contest »

July 24, 2014 at 11:48AM PDT | Source: MAACO Collision Repair and Auto Painting

CHARLOTTE, NC - (Marketwired - Jul 24, 2014) - Maaco, North America's Largest Automotive Paint and Bodyshop, announces the launch of the "Uh Oh! Better Help Maaco!" video contest that offers contestants the chance to win $5,000 cash prize and have their commercial featured in one of Maaco's national campaigns.
Contestants are challenged to help take the Maaco brand to the next level by developing a 60 second commercial that will drives sales and build brand awareness. The end goal is to develop a positive commercial that tells the Maaco story. Contest rules and eligibility can be found at http://www.maaco.com/video_contest.html.
"We've helped more than 20 million people turn the car they drive back into the car they love. It's time to hear their story, embrace the unique and fresh experiences that people share with their car and share it with the world," says Artemio Garza, CMO of MAACO...

Build-A-Bear Workshop, Inc. Reports Sixth Consecutive Quarter Of Operating Improvement With Second Quarter Fiscal 2014 Results »

July 24, 2014 at 8:06AM PDT | Source: Build-A-Bear Workshop

First six months pre-tax income of $1.3 million, a $7.3 million improvement from a pre-tax loss of $6.0 million in the first six months of fiscal 2013Company ends the second quarter with $41.8 million in cash and no debt
ST. LOUIS - (BUSINESS WIRE) - July 24, 2014 - Build-A-Bear Workshop, Inc. (NYSE:BBW) today reported results for the 2014 second quarter and twenty-six weeks ended June 28, 2014.
Second Quarter 2014 Highlights (13 weeks ended June 28, 2014):

Consolidated net retail sales were $75.4 million while operating 10 fewer stores at quarter’s end compared to $80.4 million in the fiscal 2013 second quarter, a decrease of 7.7%, excluding the impact of foreign exchange;
Consolidated comparable store sales decreased 4...

Battery Giant To Open Retail Location In The City Of Detroit »

July 23, 2014 at 11:23AM PDT | Source: Battery Giant

Detroit, MI (PRWEB) July 23, 2014 - Retail battery store, Battery Giant, has announced that they have a franchise agreement in place for a store to be opened in the city of Detroit. The Detroit store joins 5 other Michigan Battery Giant locations and is scheduled to open in late 2014. The franchise owned store is part of a growing network of 25 locations throughout the United States, Panama and Mexico for the Michigan-based retail franchise.
Battery Giant is a specialty store that sells and distributes batteries of all sizes, powering devices from hearing aids to forklifts. Their customers range from retail walk-in customers, to large commercial accounts. “In a world of electronic devices which take all different types of batteries, consumers need a place to turn to and be confident that they are getting what they need,” stated store owner Chaundra Haynes...

New Orleans-Based Company Opens In Cairo, Egypt »

July 23, 2014 at 11:18AM PDT | Source: Planet Beach
Planet Beach   Opportunities Available

July 21, 2014 // Franchising.com // NEW ORLEANS – Planet Beach is excited to announce the opening of the first Planet Beach automated spa in Cairo, Egypt. Planet Beach Cairo has strategically partnered with Gold's Gym to ensure a strong and consistent member base.
The unique partnership between Planet Beach and Gold's Gym is seen to serve both customer bases well. After a strong workout, members can walk over to Planet Beach to get a quick hydration or massage session in before heading out to enjoy their day.
While the spa industry in Egypt is booming, most spas are located in four- or five-star hotels, which makes it very expensive. Planet Beach offers affordable luxury to those wanting to relax and achieve a healthy glow or rejuvenate their skin...

Minuteman Press Home Office Featured In Small Business Opportunities! »

July 23, 2014 at 11:13AM PDT | Source: Minuteman Press Int'l.
Minuteman Press Int'l.  Opportunities Available

July 21, 2014 // Franchising.com // Farmingdale, NY – Small Business Opportunities Magazine recently profiled Minuteman Press International Inc. in an article that tells of the history of the company, as well as what makes Minuteman stand out from its competition!
Nick Titus, Minuteman's Chief Marketing Officer, had this to say about the company, "We've always taken the approach of never saying no to a customer. Even if a particular store hasn't done what a customer wants, with almost a thousand franchises in the system, there's always somebody somewhere who has done what you are looking to do."
The article goes on to explain the secret of Minuteman Press's long time success. "A Minuteman Press owner today doesn't just print...

Bach To Rock Music Education Franchise Targets Growth Markets On The Atlantic Seaboard »

July 23, 2014 at 10:56AM PDT | Source: Bach to Rock
Bach to Rock Opportunities Available

Award-Winning Music Education Franchise Grew 61% from 2009 to 2013
July 23, 2014 // Franchising.com // Bach to Rock, the nation's leading music education franchise, today announced 11 metropolitan hubs as targets for expansion in 2014-15. The target areas run alongside the Interstate 95 corridor on the Atlantic Seaboard and include Baltimore, Maryland; Philadelphia, Pennsylvania; Northern New Jersey; Boston, Massachusetts; Portland, Maine; Richmond, Virginia; and Savannah, Georgia. Four cities in Florida - Jacksonville, West Palm Beach, Fort Lauderdale and Miami - are also target cities on I-95.
For a music education franchise, Bach to Rock has a unique - and remarkably effective - approach to learning music. Students are encouraged to have fun while they explore and learn the kinds of music they love, whether it's rhythm and blues, jazz, classical, punk or pop...

Max Muscle Sports Nutrition's Recently Announced Expansion Plans To Help People Fight The Obesity Battle »

July 23, 2014 at 5:58AM PDT | Source: Max Muscle Sports Nutrition

Max Muscle Sports Nutrition's MaxFormation weight loss challenge incorporates customized meal planning and nutritional supplements, bringing success to its 700 participants last year alone.
(PRWEB) July 23, 2014 - Obesity is on the rise and officially has earned a spot as one of the leading health risks in our country. Joining risks such as "smoking, alcohol consumption, and high blood pressure" (Wallstreet Journal, 2014), obesity has attacked our nation's health by facilitating the development of diabetes, high blood pressure and heart disease. According to CDC and Prevention from 2009-2010, "more than one-third of adults, or about 78 million people, were obese". What are we as a country doing to stop this?
PricewaterhouseCoopers found, "As much as $493 billion of health-care spending may be attributable to so-called manageable behaviors, including about $200 billion to deal with obesity and weight control…" The vast majority of these expenditures are for the treatment versus prevention of illnesses...

Mainstream Boutique Fuels Frisco's Undying Demand For Affordable Style »

July 23, 2014 at 5:14AM PDT | Source: Mainstream Boutique

New Boutique Offers Ultimate Customer Experience with Unique Products, Personalized Service
Frisco, TX (PRWEB) July 23, 2014 - Mainstream Boutique, a multi-generational unique and affordable clothing and accessories boutique, is providing Frisco women an unparalleled shopping experience with its first boutique opening in the area. From up-to-date fashions to the incredible service and personalized touch, this affordable, on trend boutique is Frisco's newest go-to destination where women leave looking and feeling their best.
With the buying power of large department stores, but the individuality of an independent boutique, Mainstream Boutique fills the space between the two, creating the best of both worlds for both shop owners and customers...

Rent-A-Center, Inc. Reports Second Quarter 2014 Results »

July 22, 2014 at 10:58AM PDT | Source: Rent-A-Center

Total Revenues Increased 1.7%; Revenue Increased Over 32% in Acceptance Now and Over 56% in Mexico; Diluted Earnings per Share of $0.33, Including a Restructuring Charge of Approximately $0.05 per Diluted Share Related to Store Consolidation Plan
PLANO, Texas - July 21, 2014 - (BUSINESS WIRE) - Rent-A-Center, Inc. (the "Company") (NASDAQ/NGS: RCII), the nation's largest rent-to-own operator, today announced results for the quarter ended June 30, 2014.
Second Quarter 2014 Results
Total revenues were $773.2 million, an increase of $12.7 million from total revenues of $760.5 million for the same period in the prior year. This 1.7% increase in total revenues was primarily due to increases of approximately $38.3 million in the Acceptance Now segment and approximately $6...

Father & Son Entrepreneurs Expand Pearle Vision Business In Texas »

July 22, 2014 at 8:04AM PDT | Source: Pearle Vision

Local Family Assumes Ownership of Former Corporate Location in Lewisville
MASON, Ohio - July 22, 2014 /PRNewswire/ - Pearle Vision, one of North America's largest and most trusted licensed optical brands, is proud to announce it has signed an agreement with Simon Safir and his father Boris to assume ownership of the location in Lewisville, Texas. This is Simon Safir's first center, which is located at 2403 S. Stemmons Fwy. in the Vista Grove Shopping Center. His father Boris currently owns and operates seven Pearle Vision eye care centers in the Dallas/Fort Worth area and has served thousands of patients since 1984.
"I am excited to open my first Pearle Vision location, adding to our family's portfolio," said Simon Safir. "I look forward to serving the Lewisville community for many years to come, just as my family has done over the last three decades in the Dallas/Fort Worth community, and I know that this Pearle Vision location will be a trusted source for all of our patients' eye care needs...

Dollar Hot Dog Day At 7-Eleven® »

July 22, 2014 at 7:54AM PDT | Source: 7-Eleven

Retailer Offers $1 Big Bite® Hot Dogs to Celebrate National Hot Dog Day
DALLAS - July 22, 2014 /PRNewswire/ - 7-Eleven, Inc. is on a roll this July. Kicking off the month was the launch of Doritos Loaded™ cheese snacks, followed by 7-Eleven Day (July 11) with free Slurpee® drinks and a birthday celebration that runs through Thursday, July 24. And now … National Hot Dog Day.
Participating 7-Eleven® stores will usher in the unofficial holiday tomorrow, July 23, with $1 Quarter-Pound Big Bite® all-beef hot dogs. The dollar dogs are available all day at participating stores while supplies last.
Because 7-Eleven is still celebrating its birthday with 7-Eleven Week offers, guests can wash down their Big Bite hot dog with a free Big Gulp® soft drink, which is the day's free item featured on 7-Eleven's smartphone app...

Snap-on Incorporated Appoints Ruth Ann M. Gillis To Board Of Directors »

July 22, 2014 at 5:48AM PDT | Source: Snap-on Tools

KENOSHA, Wis. - (BUSINESS WIRE) - July 22, 2014 - Snap-on Incorporated (NYSE: SNA) today announced that its board of directors has appointed Ruth Ann M. Gillis as a director, effective July 18, 2014.
Ms. Gillis, age 59, retired as executive vice president and chief administrative officer of Exelon Corporation ("Exelon"), a utility services holding company engaged in the energy generation and delivery business, in July 2014 after serving in such roles since 2005. She was also president of Exelon Business Services Company, a subsidiary of Exelon. Previous roles include executive vice president of ComEd, an Exelon subsidiary, and chief financial officer of Exelon. Ms. Gillis also serves as a director of KeyCorp, a bank holding company, and its subsidiary, KeyBank National Association...

Giant Tiger To Build New Store In Sarnia, Ontario »

July 22, 2014 at 5:19AM PDT | Source: Giant Tiger Stores Limited

OTTAWA, ONTARIO - (Marketwired - July 21, 2014) - Here we grow again! Giant Tiger is excited to announce the opening of an additional store in Sarnia, Ontario.
The new Giant Tiger will be located at 1249 London Road, Sarnia, ON, in the London Road Shopping Centre. This location will have an area of approximately 27,700 square feet and will feature the full Giant Tiger assortment of product and services.
"We are very excited to be expanding in Sarnia," says Greg Farrell, President and COO of Giant Tiger Stores Limited. "The second location will be a great complement to the existing Giant Tiger store."
Customers at Giant Tiger Sarnia can look forward to our familiar bright and fun décor, groceries, outstanding merchandise selection and, of course, the friendly customer service for which Giant Tiger is known...

The Daily Record Names Medifast's Michael MacDonald A "Most Admired CEO" »

July 22, 2014 at 5:16AM PDT | Source: Medifast Weight Control Centers

MacDonald Recognized as One of Maryland's Most Inspiring Leaders for Strategic Direction and Innovation at Medifast
OWINGS MILLS, Md. - July 21, 2014 /PRNewswire/ - Medifast, Inc. (NYSE: MED), a leading United States manufacturer and provider of clinically proven, portion-controlled weight-loss products and programs, is proud to announce that Michael MacDonald, Chairman and Chief Executive Officer, was named as The Daily Record's Most Admired CEOs.
The Daily Record award recognizes talented business CEOs and nonprofit executive directors throughout Maryland for their leadership and professionalism. The winners are selected based on their leadership, vision, competitiveness, innovation, community service, financial performance, board service and nonprofit involvement...

Sears Hometown & Outlet Stores Renovates And Expands Kansas City Retail And Distribution Center »

July 22, 2014 at 4:45AM PDT | Source: Sears Hometown and Outlet Stores

Leading National Retailer Expands Operations and Services, Stimulates Local Economy
KANSAS CITY, Mo. - July 21, 2014 (GLOBE NEWSWIRE) - Revamping and remodeling in Kansas City, Sears Outlet Stores, a subsidiary of Sears Hometown and Outlet Stores, Inc. (Nasdaq:SHOS), has leased the former Sears location on E Front Street, expanding Outlet Store operations and services, while offering an economic boost with mass job creation.
Originally leased by Sears Holdings Corporation, the facility included warehousing, distribution, repair service and a Sears Outlet retail location. The lease of the 354,000 square foot property was taken over by Sears Hometown and Outlet Stores earlier this year. As Sears Holdings Corporation wound down its operations in this massive location, situated on railroad tracks, Sears Hometown and Outlet Stores saw the opportunity to expand and began repurposing and renovating the facilities in the Spring of 2014...

Planet Beach Highlighted As A Top 15 Evolving Franchise In Entrepreneur Magazine »

July 22, 2014 at 4:13AM PDT | Source: Planet Beach
Planet Beach   Opportunities Available

July 21, 2014 // Franchising.com // NEW ORLEANS – Planet Beach Franchising Corporation was recently highlighted in the July 2014 issue of Entrepreneur magazine as one of the top 15 evolving franchises in the world for the way it has developed new ways to do business in a business model that traditionally not known for evolving.
Started in 1996, Planet Beach began as a traditional tanning salon that excelled at customer service. Noticing the social and governmental changes headed it’s way in regards to UV-tanning, CEO and Founder Stephen P. Smith came up with the idea of transitioning to an automated spa that gives clients all the services found in a traditional day spa at the push of a button without the need for an attendant...

Gap Inc. Announces Global Expansion Plans »

July 21, 2014 at 11:23AM PDT | Source: Gap Inc

Gap Brand Set to Launch in Slovenia and Austria
SAN FRANCISCO - July 21, 2014 - (BUSINESS WIRE) - Continuing to deliver on its global growth plans, Gap Inc. (NYSE:GPS) today announced that it will introduce the Gap brand to Slovenia and Austria through agreements with new and existing franchise partners. Magistrat International, a new partner, has been selected for the launch of Slovenia and Gottex, which currently manages the Gap franchise business in Israel and Hungary, will launch Austria.
"We are thrilled to be opening in Slovenia and Austria and can't wait to meet customers when we open our doors for the first time in each capital city. One of the best things about opening in a new country is the incredible welcome that Gap receives and the buzz that generates for our teams and our customers alike," said Ismail Seyis, Vice President of Gap Franchise...



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