Twenty-six units acquired by Giant Oil. BP has made a deal with Tampa, Fla.-based Giant Oil Co., selling off 26 stations in the Akron, Ohio area. While the details to the deal were not disclosed, a BP spokesperson told the AkronBeacon Journal that the deal was running as a typical business procedure for the worldwide [...]
New software helps the chain instantly change gas pricing displays. York, Pa.-based Rutter’s Farm Market has turned to Skyline Electronic Pricing Solutions, an electronic price display manufacturer, to install its newest product, PriceAdvantage Central Control Fuel Pricing Software. The patent-pending software allows petroleum marketers to simultaneously update fuel pricing at their Skyline Products Electronic Price [...]
Purchase of equity may lead to minimum ownership in the private company. Delek US Holdings Inc. has entered into agreements with several shareholders of Lion Oil Co. to acquire a minority equity interest of 28.3% in Lion Oil. Total cash consideration paid to the selling shareholders will equal approximately $65.4 million in the aggregate. The [...]
OOIDA sets up new Website to inform motorists. The “Turn Down Hot Fuel” campaign has just launched a new website to educate consumers on how “hot fuel” may have them paying higher prices than necessary for fuel. The campaign is spearheaded by a professional truckers’ organization, the Owner-Operator Independent Drivers Association (OOIDA), and includes a [...]
Proposed increase could leader to higher security and operating costs. Fearing that a new federal tobacco tax will hurt overall store operations for a lot of retailers, the Petroleum Marketers and Convenience Stores of Iowa has stepped up and taken an open stand against the proposed legislature. The group feels that another increase in tobacco [...]
Executive Leadership Solutions, a search firm that specializes in executive recruitment for the convenience store, petroleum and travel center industries, has signed on Robert “Bob” Iezzi as a senior executive recruiter. Iezzi is no stranger to the convenience store industry. Growing up in an entrepreneurial family he was behind the counter at a very young [...]
County-wide undercover operation leads to big fines for illegal sales. When it got suspicious as to how so many minors in the area were acquiring cigarettes, the El Paso County Sheriffs Dept. in Texas launched an undercover investigation. The investigation targeted local grocery and convenience stores, catching 13 of them in the act of selling [...]
New program helps strengthen data security. Visa USA has released a program designed to help the nation’s small businesses improve their security. The credit card company’s program calls for acquiring financial institutions to strengthen their existing data security efforts to identify and address risks among their small merchant customers–such as smaller c-store chains–including identifying whether [...]
Company operates more stores worldwide than the popular QSR. Not only has 7-Eleven become the largest c-store chain in the world, but now it’s considered the most common store in the world, according to the Star-Telegram in Texas. The chain, which just celebrated its 80th birthday, has surpassed QSR giant McDonald’s as being the most [...]
Company continues efforts with “Bringing Hope to the Table.” In its continuing fight against hunger, The Kroger Co. is inviting customers to join in “Bringing Hope to the Table,” a two-week campaign running this month in every store to support America’s Second Harvest, the nation’s largest domestic hunger-relief organization. With the help of numerous vendor [...]
New group to receive discounts for costly merchandise. Brian C. Weiss, owner of four convenience stores in Pittsburgh, has called together a cooperative for convenience store owners that could enable members to collectively negotiate lower prices on merchandise. “Over the past five years, we’ve been noticing how things have been getting really, really pricey,” Weiss [...]
New research shows which types of clerks are selling to young smokers. Even though most states stipulate that consumers be 18 years old to buy tobacco products, a new study finds that clerks who work in convenience stores that sell gasoline are the most likely to sell tobacco to minors. When compared to other retailers [...]
New executives moved into position within store’s corporate structure. York, Pa.-based Rutter’s has experienced some recent changes in personnel, altering the chain’s financial and operational staff. The new changes include the transfer of Patty Chatterdon from Rutter’s Farm Stores’ training supervisor to Rutter’s system support manager. Other changes include three new hires: Casey Sheehe as [...]
Falling shares cause company to reevaluate current financial condition. The Pantry Inc. has needed to reissue it’s financial forecast for the 2007 year for the third time since November, sending the price of shares down more than 11%, reported Reuters. The main reason for this change stems from an evaporation of gas margins the store [...]
Company celebrates with free Slurpees. Back in 1927, the first 7-Eleven store opened, offering customers the items they needed from 7am to 11pm—hours that were practical, yet unheard of at the time. Now 80 years later, that first store has evolved into what is now the world’s largest convenience retailer with more than 32,400 stores. [...]