Showing posts with label franchise company. Show all posts
Showing posts with label franchise company. Show all posts

Saturday, September 20, 2008

Gap Signs International Franchise Deal

Gap signs franchise deal for expansion in Mexico
Fri Sep 19, 2008 12:00am EDT

SAN FRANCISCO, Sept 18 (Reuters) - Gap Inc (GPS.N: Quote, Profile, Research, Stock Buzz) said on Thursday that it would expand its Gap stores into Mexico through a franchise deal with department store chain Distribuidora Liverpool. Gap, the global...";

SAN FRANCISCO, Sept 18 (Reuters) - Gap Inc (GPS.N: Quote, Profile, Research, Stock Buzz) said on Thursday that it would expand its Gap stores into Mexico through a franchise deal with department store chain Distribuidora Liverpool.
Gap, the global apparel retailer based in San Francisco, said the chain will have the exclusive right to sell Gap merchandise through a franchised "store within a store" model.
Distribuidora plans to evaluate the market and determine the target number of total stores, but expects to open its first Gap "store within a store" next spring, Gap said. The concept will not roll out in all Distribuidora Liverpool's stores.
Other global companies have been looking recently to the Mexican market with its growing middle class, including Starbucks Corp (SBUX.O: Quote, Profile, Research, Stock Buzz).
The Seattle-based coffee chain is working with fast-food franchiser Alsea (ALSEA.MX: Quote, Profile, Research, Stock Buzz) to increase its base of 201 coffee shops in Mexico by at least 80 new stores annually over the next five years.
Gap also said on Thursday that an existing agreement with Fawaz Alhokair Group for Gap and Banana Republic stores in Saudi Arabia would be expanded to include those brand's stores in Egypt and Jordan over the next five years. The first Gap stores in those countries are expected to open by this year's holiday season.
Gap has been expanding its franchise program over the past two years and, with the newly added countries, will soon operate in 21 countries. Currently, the company has some 70 franchised Gap stores and 30 franchised Banana Republic stores around the globe.
In the United States and Canada, the company operates some 2864 of its own Gap and Banana Republic stores. It also operates 306 of its own Gap and Banana Republic stores in the United Kingdom, France and Japan.
Gap's third chain, Old Navy, does not operate outside the United States and Canada. (Reporting by Alexandria Sage, editing by Leslie Gevirtz)

Great Article on Marketing your Business Efficiently

Get Noticed Shine a spotlight on your business with our 21 low-cost marketing moves.
By Gwen Moran Entrepreneur Magazine - October 2008

Get Noticed
Shine a spotlight on your business with our 21 low-cost marketing moves.
Adds Article to your Entrepreneur Assist Bookmark page.
With 100-some employees and $10 million in annual revenue, Washington, DC-based software development firm Cynergy Systems doesn't exactly need to watch every promotional penny. But founder and president Carson Hager emphasizes the company's use of creative, low-cost marketing techniques. "Traditional advertising does not really work for us," says Hager, 36. "We don't have millions of dollars sitting around to spend on it."
There's a lesson there: Before you shell out big bucks for your next promotional push, check out these 21 low-cost ways to get more attention for your business.
1. Blog all about itSet up a free blog on Wordpress.com or Blogger.com, and begin writing interesting commentary that relates to your business, says Hager. To drive traffic, comment on other topic-related blogs and include links back to your own blog. No time to keep a solo blog? Wendy Kobler, founder of marketing and public relations firm Kobler Communications, suggests contacting bloggers in your field who might welcome guest bloggers. You get the benefits of reaching an interested audience without the time commitment of building a blog on your own.
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2. Cultivate loyaltyLoyalty programs encourage customers to come back frequently, says PR expert Denise Dorman, founder of WriteBrain Media. When they join, they should "immediately receive an exclusive and amazingly cool product," she says. Then, arrange for communications about members-only shopping previews, sales, inside scoops on important industry information, or even products or services exclusive to the company's best customers. Reward repeat purchases with discounts, gifts or other incentives. Track the success of the program internally through a point-of-sale or database program rather than relying on the customer to tell you when some loyalty payback is due. By creating an emotional attachment between your product or service and your customers, you will officially become a brand to them, says Dorman.
3. Distribute contentFree and low-cost news release and content distribution sources like PRWeb.com can help you spread the word about your business online. Other free news services include Mininova.org, TheFreeLibrary.com and i-Newswire.com.
4. Mine your dataTo make their Durham, North Carolina-based salad restaurant, Green Tango Fresh Chopped Salads, more efficient, Billy, 37, and Alissa Maupin, 36, began using online ordering and ordering via text message. In addition to making customers happy, these convenient features yielded a side benefit: Electronic capture of these online and text orders gives the company a data-based peek into the buying habits of the nearly 4,000 customers who have registered and make purchases from the $1.5 million trio of restaurants. Using the system, the Maupins can track ordering habits and the volume and kinds of products ordered by each user as well as project their inventory needs and the effectiveness of various promotions.
5. Speak upKobler recommends delivering informative speeches where your customers are: at local business association meetings, at national trade events, or at a local college or university as a guest lecturer. You can even host a speaking event at your business location. "Invite your customers and prospects,"suggests Kobler. "Purchase some refreshments. Host them at your business to get them in the door. And then tap your vendors to support you by either paying for the event or offering the latest products to showcase during your presentation."
6. E-mail about itOnce you've gathered information about your customers to look for purchase patterns, seasonal needs, product preferences and the like within your internal database, put it to good use, suggests marketing consultant Scott Cooper. From this information, you can create targeted e-mail, direct mail and in-store promotions that will have a higher likelihood of success because they're based on historical data, says Cooper, co-author of Tips and Traps for Marketing Your Business. The Maupins, for example, review their online customers' ordering patterns and tailor their e-mail marketing to customers' preferences.
7. Make employees a sales toolGreen Tango employees wear T-shirts, hats, aprons and buttons with different branding messages on them. "When we're offering a new product, we use the employee uniforms to promote it," says Billy Maupin. To beef up sales, employees are trained to promote certain menu items.
8. Make employees a sales toolGreen Tango employees wear T-shirts, hats, aprons and buttons with different branding messages on them. "When we're offering a new product, we use the employee uniforms to promote it," says Billy Maupin. To beef up sales, employees are trained to promote certain menu items.
9. Reward referralsWhen customers send business to Choice Translating Inc., a $2 million translation firm in Charlotte, North Carolina, they get a gift: either a high-quality gyroscope (pictured on the company's logo) or a piece of handmade art from the company's new office in Lima, Peru. Customers get excited about the gift, says Michelle Menard, 37, who co-owns the company with her husband, Vernon, 43. Each gift costs no more than $5, but "people go really crazy over them," she says, adding that the goodwill encourages people to keep her company in mind for referrals.
10. Get a group goingBeyond posting a profile about your business on social networking sites like Facebook, LinkedIn and MySpace, you also have the option to start your own group, says Dorman. It's free, and it allows you to communicate offers and messages to an online fan base. Plus, each time someone joins, your group's name will be displayed on the individual's profile page or via update streams to other members. "Twittering and sending out bulletins through social media groups is a great way to disseminate your message," says Dorman. If you'd rather go it alone, sites like Ning.com make it easy to start your own social network.
11. Become a specialistThe Maupins designed the Green Tango menu to be salad-specific because "as the old saying goes, 'Pick one thing and do it well,'" says Billy. "We wanted to be known for being the best in a particular area." And you can, too. Kobler says that business owners can look into earning a certification in a particular area from a college or university's noncredit program or from a trade organization to improve their specialist credentials.
12. Use what you've gotUse your regular correspondence as a marketing opportunity, says Kobler. Make letters, invoice mailings and other correspondence more marketable by including product or promotion offers in them. Stamps.com's customized PhotoStamps lets you put your logo on the outside of an envelope or postcard. Make sure your e-mail signature lines include your logo, contact information and possibly even links to website landing pages with special offers or information.
13. Do the Q4 boogieIn the last months of the year, gather and review the 2009 editorial calendars of your target media. "They are normally easily found on the websites of every magazine, either in the 'Media Kit' or 'Advertise With Us' sections," Dorman says. "Look at the topics each plans to cover, then create an Excel spreadsheet of deadlines to pitch your company for relevant stories."
14. Compete, then repeatWhen Green Tango was a finalist for a local newspaper's "Best Salad" designation, the Maupins didn't waste any time spreading the word: They immediately sent out an e-mail blast to their customers. Dorman says it's a good idea to enter contests sponsored by media, industry associations, and other organizations. A win gives you something to publicize to the community or industry and something new to communicate to your customer base.
15. Write an op-ed or letter to the editorIf a story that relates to your business breaks and you're not part of it, you can always comment on it in the form of an editorial, says Dorman. Your commentary may be picked up by the outlet that originally ran the story, and such submissions put you on the editor or producer's radar as a future source.
16. Post a videoA simple digital video recorder or webcam is all you need to create information-packed videos, which can be uploaded for free to YouTube, Google Video and other video sites, says Hager. Cynergy Systems shot a simple video in-house to promote its Cynergy Labs program, which gives funding and support for employees to develop their ideas on the company's behalf. When Cynergy posted the video, one of its employees e-mailed the video to a friend. Within 10 minutes, it had been downloaded hundreds of times--214,000 times to date.
17. Exploit the webDorman advises clients to get their companies on free sites like del.icio.us.com, Digg.com, Squidoo.com, and Yelp.com, "and, more important, have the fans of your product or service touting you on there as well." In addition, local newspapers and websites like Craigslist.org and Metromix.com often have free online calendars where you can list upcoming seminars, celebrations and so on.
18. Hit the streetsFace time with customers, especially in the B2B world, can make or break relationships. When Michelle Menard wanted to drum up more business, she and her employees made customer visits around Valentine's Day, delivering chocolates and building goodwill. Accompanied by a fun, holiday-related card requesting referrals and later supplemented by a mailing to customers who the company couldn't reach face to face, the effort bumped up revenue by $22,000 within a month.
19. Use your spaceIf you've got a high-profile location, use signage or banners on your property to promote your business (after you check the municipality's signage rules, of course). Billy Maupin uses small foam-core signs on mounts that can be stuck into the ground. Available for $20 to $30 each from his local print shop, they highlight seasonal promotions and point people toward his restaurants.
20. Create a customer advisory BoardCooper suggests inviting customers to be part of a panel that can give you feedback on everything from your store design to your latest ad campaign. They can also help brainstorm new ways to reach new and existing customers. Reward such valuable insight with a small gift or a special discount.
21. Team upMost businesses can find a way to team up with another noncompeting company that targets similar customers. Restaurateur Billy Maupin teamed up with a local personal training facility to promote his green fare to the trainers' health-conscious clientele. People arriving for personal training sessions place and pay for an order at the beginning of the session. The training facility passes the orders to Green Tango's staff members, who deliver the salad so that it's waiting for the client at the end of the session.
Aside from the amount of time they take to coordinate, these tactics range in cost from a few pennies to the cost of a few discounts. However, those small investments can pay off in a big way through increased awareness and outreach to prospective customers.Gwen Moran is Entrepreneur's "Clicks" columnist.

Monday, June 23, 2008

Franchise Stock

5 Dynamic Dividend Stocks
By Matt Koppenheffer June 20, 2008 Comments (0)
2
Recommendations

The New York Yankees of the '50s and the Chicago Bulls and Dallas Cowboys of the '90s had one crucial element in common: consistent excellence in their organizations and performance. That's a rare accomplishment, but if you think it could never occur in your portfolio, think again. Carefully chosen dividend-paying stocks could be your key to superstar returns.

Build the next investing dynasty
These long-haul outperformers can help you build your fortune, as studies from investing gurus such as Jeremy Siegel have shown time and time again. Finding them is our Motley Fool Income Investor service's mission.

National Fuel Gas (NYSE: NFG), for example, has returned more than 100% since August 2005, and it's currently rewarding investors with around a 2.1% yield. Or consider Snap-on (NYSE: SNA), which has returned more than 100% since October 2004, atop a current 2.2% yield. While these stocks happen to be Income Investor recommendations, you don't need to be a subscriber to get these great gains.

Identify new talent
With the help of Motley Fool CAPS, we'll search for the best dividend-paying stocks around. Here are several dividend picks that have also earned high ratings from the 110,000-plus members of our CAPS community:

Company
Yield
CAPS Rating (out of 5)

PetroChina (NYSE: PTR)
4%
****

CPFL Energia
8.6%
*****

Intel (Nasdaq: INTC)
2.5%
****

Cellcom Israel (NYSE: CEL)
8.9%
*****

Yum! Brands (NYSE: YUM)
2.1%
****

Source: Capital IQ, Yahoo! Finance, and CAPS as of June 19.
Any one of these quality companies would add some dividend excellence to your portfolio, but I thought I'd kick off further research with a closer look at Inside Value favorite Intel.

Dependable dividends
As we know, not all dividend payers and dividend payouts are created equal. For that reason, it's important to make sure that the dividend you're expecting isn't about to take an extended vacation with the dodo bird. To figure this out, I like to look at the prospects for the company's business, the company's history of paying dividends, and the sustainability of the current dividend.

Fortunately, most people reading this are likely very familiar with Intel's business. As a world leader in semiconductors and microprocessors, it has a tremendous business and an enviable brand. Though it does face competition, its primary competitor, AMD (NYSE: AMD) ... well, let's just say it's been through some shaky times. And though tech companies aren't typically known for their dividend payouts, as the table above shows, you can now collect a 2.5% dividend for holding Intel stock. And hey, that yield is nearly as much as a one-year treasury.

Looking at the dividend, it's notable that though Intel has been paying some dividend since 1992, the payout didn't even break the $0.10 level until 2004. Since then, the dividend has been a dependable part of shareholder returns, and it's been raised every year. However, this is hardly the dividend history of many of the hardcore dividend payers.

Digging into the financials, though, there seems to be little reason to be concerned about the future of the dividend. Intel produces a healthy amount of cash and has to spend a relatively small portion of it on new capital equipment. This leaves plenty of dough to continue paying -- and growing! -- the dividend, not to mention buying back billions of dollars of stock.

On CAPS, the stock may not have a five-star rating, but it can still claim 5,000 bullish investors versus just 496 bears. One recent bull, CAPS All-Star DarkToast, isn't expecting to get rich from the stock, but thinks it's a solid bet to outperform the market:

This stodgy old stock still has some life in it. While the days of $60 a share are likely only in the past, I expect Intel to beat the S&P over the next 5 years. With the best in the world server and desktop chips, growing networking market share, and very interesting new embedded processors Intel should see some healthy growth.

In addition I think it is likely that Tech stocks will lead the way when the economy eventually turns around. Not that I am holding my breath...

You can check out who else has been bullish on Intel, as well as chime in with your own thoughts, by heading over to CAPS. You may also want to check out a few of the other top-rated dividend payers above while you're there.

Dividend stocks could help you transform your portfolio from the flash-in-the-pan Florida Marlins into the dependable New York Yankees. And if you hate the Yankees, it's probably because they're so darn good, so darn often.

More CAPS Foolishness:

7 Highly Rated Stocks on Sale
7 Must-Read Stock Blogs
7 Stocks Defying the Doubters
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Snap-on and National Fuel Gas are Motley Fool Income Investor picks. Intel is a Motley Fool Inside Value recommendation. Try any of our Foolish newsletters today, free for 30 days.

Yankees fan and Fool contributor Matt Koppenheffer hopes the Yanks can create some fireworks for the last year at Yankee Stadium, and has his fingers crossed that the Cowboys will never get back to the top again. He does not own shares of any of the companies mentioned. The Fool's disclosure policy is a true investing dynasty.