Same-store sales for Applebees and IHOP rose during the second quarter by 1.3% and 1.9%, parent company DineEquity reported Tuesday. Both chains saw large franchise operators file for bankruptcy earlier this year, but foundational improvements made by DineEquity have helped the restaurants recover, DineEquity CEO Julia Stewart said.
Home Depot no longer reports same-store sales figures -- which often reveal telling sales trends -- a decision that follows a recent trend of retailers curtailing their disclosure of sales statistics to investors. Some experts believe the trend stems from investors' reactions to same-store sales stats, which frequently affect retail stocks.
Cendant Hotel Group has unveiled the name for its previously announced timeshare and lodging businesses. Cendant Vice Chairman Stephen Holmes will become Chairman and CEO of Wyndham Worldwide, which is set to be spun off later this year.
BusinessWeek Online breaks down how viewing profits and wages from a knowledge economy standpoint will have a positive effect on the U.S., including increased productivity, higher corporate profits and a decreased threat of a dollar-related crisis.
A Wichita-based franchise of Papa John's International is moving beyond take-out and delivery by opening an eat-in location. In addition to pizza, the menu will feature pastas, sandwiches and a salad bar.