Knowing how consumers are shopping the store helps a retailer make more effective decisions relative to store layout, product flow, category adjacencies, in-store signage and secondary product placements. Translating Shopper Insights into Merchandising Strategy (pdf)To view this document, click here
If knowledge is power, than activity-based costing is an important catalyst to building a knowledge base that can give you the power to analyze complex business issues more effectively. Leveraging Activity-Based Costing in Merchandising Decision-Making (pdf)To view this document, click here
New proprietary product contains made of organic products to promote heart health. The Kroger Co. is launching a new, cholesterol-reducing, fat-free milk available in its stores beginning this week. The non-fat milk product will be sold under the expanding Active Lifestyle in-house brand. “The war against high cholesterol just got stronger and easier,” said Linda [...]
Chain opening stores up to am/pm franchise opportunities. BP is offering long-term franchising opportunities for 28 of its Indianapolis-area BP locations. BP will convert and reimage 20 of its BP Connect locations to “am/pm” franchise operations. Buyers of the remaining eight sites, which include six new construction sites, will be expected to complete the convenience [...]
New store brings with it several donations to local charities. Sheetz Inc. has opened a new location in St. Marys, PA. The new 4,700-square-foot unit is the company’s 337th store and its first in St. Marys. While the store opens to the public today, employees will host a community grand opening celebration July 12, with a [...]
Tension between nation and oil companies on the rise, experts say. ExxonMobil Corp. and ConocoPhillips are packing up and leaving Venezuela, according to The Wall Street Journal. The paper reported the two oil companies are leaving behind their multibillion-dollar investments in Venezuela. Experts see this as further evidence that the relationship between Western oil companies [...]
Six local dealers plan to appeal against ruling. A federal judge dismissed claims by six gas station owners who alleged that Shell Oil Co. charged them more for gasoline in order to drive customers to nearby company-owned locations. The month-long lawsuit was thrown out of a U.S. District Court in Santa Ana on Tuesday before [...]
Japan-based parent of 7-Eleven preparing to increase its presence in the market. 7-Eleven’s parent company, the Japan-based retailer Seven & I Holdings revealed that it will invest $2.4 billion over the next four years to open 1,000 new stores in the U.S. while revamping existing outlets. The Japanese retailer has been only limitedly vested in [...]
Local police and fire department children’s education program benefits from charity. To mark the grand opening of its newest store, and in support of the young people of Epsom, N.H., Cumberland Farms presented a $1,000 donation Monday to support the Police and Fire Department’s children education program. The Dover Road address of the new Cumberland [...]
Brand new Subaru awarded after four-week contest co-sponsored by Pepsi. Salt Lake City-based Maverik stores and Pepsi have proved that there is such a thing as a free ride, awarding a lucky drinker with a new Subaru. For four weeks in April, customers from over 150 participating Maverik stores across four states had the opportunity [...]
Proposed 60-cent increase could threaten out-of-state business. Retailers in Delaware are preparing for a debate over a proposed 60-cents-a-pack increase in the cigarette tax–a tax lawmakers expect to be approved this week, stating it’s for the greater good of the state. “We have committed that it will go to help school construction and to help [...]
New ARB grant helps company develop “greener” gas stations. Pearson Fuels has become a major recipient of grant funding from the California Air Resources Board (ARB). Under the grant, ARB has agreed to work closely with Pearson Fuels and financially support the company’s building of Ethanol (E-85) infrastructure throughout the state of California, according to [...]
Drop expected to taper off sooner than later. Gasoline prices fell an average of about 11 cents per gallon in the U.S. over the past two weeks, according to data published by the Lundberg survey. The survey revealed that the average price of self-serve regular unleaded gas stood at $2.9961 per gallon on June 22–a [...]
Are retailers ready to deal with consumer complaints once prices reach $5 per gallon? Think we’re talking about gasoline? Think again. Skyrocketing milk prices in New York will climb another 53 cents a gallon next month, and milk in the city could cost up to $4.40 a gallon. And it could get worse by year’s [...]
New protocol sets up state to handle possible fuel shortages. Texas oil company executives and state leaders are constructing measures to improve gasoline delivery during hurricanes, hopefully reducing the amount of stranded motorists often seen during such disasters, such as in 2005 when Hurrican Rita left roads filled with3.6 million fleeing residents. Because of those [...]