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Retail

Contract Waiver Dismisses 7-Eleven Oral Earnings Claims to Franchisee

NEW YORK – A federal judge in New York ruled last month that a 7-Eleven franchisee cannot go forward with his fraud claim under the New York Franchise Act. The reason? When he purchased his store and signed his franchise agreement, he also agreed to a waiver on any “untrue and unwritten” financial projections of future earnings of his store made by 7-Eleven officials outside the franchise disclosure document.

Retailers Should Look to Restaurants for In-Store Mobile Experiences

The Connect Mobile conference in Chicago was, for me, an unusual mix of mostly restaurants and some more traditional retailers. All were there to explore the opportunity that mobile presents for their business, whether mobile marketing, mobile in stores, mobile for employees, or mobile for payments.

RadioShack Loses CFO as It Grapples with Solvency

RadioShack in New York
A RadioShack in New York. photo/ps

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.

Sympathy for the Discount Devil

We hear the same thing over and over in our surveys: retailers’ business strategies are confounded by consumers’ continued price sensitivity. As much as retailers profess that they would love to ditch a constant downward spiral of promotions and deals in favor of more rational prices and competition based on products, quality, and service, they continue to rely heavily on said promotions in an apparently bottomless race to the bottom.

NADA Weighs in on Why America Needs Franchise Laws

McLEAN, Va. – The National Automobile Dealers Association today declared that new-car dealer franchise laws protect consumers.

Auto Dealers See Sturdy Profits, Hire a Million Employees

McClean, Va. – Auto sales have seen a strong rise of late amidst a rebounding U.S. economy. Information from various sources show that auto dealership profits and auto dealership employment are up.

Ace Hardware Turns 90

Ace Hardware Corporation celebrated its 90th anniversary this year. Founded in Chicago in 1924 by five independent hardware store owners, Richard Hesse, E.

Ace Hardware Has Best First Quarter Ever; Reshuffles Board

Ace Hardware
An Ace Hardware retail store in South Central Kentucky. photo/bmm

OAK BROOK, Ill. – Ace Hardware Corporation, an international franchising firm that is owned and led by its retail store franchisees, has announced a stellar first quarter in 2014. It also announced several changes to the corporation's board of directors, filled by its franchise owners.

Franchise Hiring Accelerates in Robust June Report

Auto dealers hire the most in June. Photo of NY Honda dealer by ps

ROSELAND, NJ – Hiring among franchised establishments in the United States added 33,350 jobs in June, according to payroll processor ADP.

July 4th Provides Fireworks for Retailers

Fireworks
photo/sniegowski

NEW YORK – The International Council of Shopping Centers (ICSC) and Goldman Sachs Weekly Chain Store Sales Index rose relative to its prior week by a solid 1.7 percent for the Independence Day Holiday week that ended July 5.