Don Sneigowski at BlueMauMau reorts that troubled RadioShack Corporation announced on Monday that its new chief financial officer John Feray had left the firm on Friday for “personal reasons” and that Holly F. Etlin would replace him. Feray had only been with the 4,485 store chain since February. He leaves amidst a frenzy of activity […]
Franchise Owners Beware: Despite The Myths, Franchises Can Fail
Bruce Kennedy, Benzinga Staff Writer reports that the recent Chapter 11 filings of two national restaurant chains, Sbarro and Quiznos, are drawing new focus on the opportunities and challenges faced by franchises. U.S. Census Bureau data from 2007 showed franchise businesses employed over 58 million U.S. residents, while bringing in revenues, sales, shipments or receipts of over $7.6 billion. And […]
Quiznos Goes Bankrupt My Three Observations and One Possible Salvation
Quiznos filed for bankruptcy late last week. Interesting enough the Quiznos franchise chains troubles at a time when similar sandwich franchises like Subway and others seem to be thriving. Serious flaws and seemingly fraudulent practices in the Quiznos’ business model led to the company’s demise. Here are my basic three observations for the chains seemingly […]