Ban expected to be lifted after new expiration date in September A moratorium on convenience store permits that has existed in Toledo, Ohio since last August has been extended until Sept. 15 in certain parts of the city, reported the Toledo Blade. City Council voted to extend the moratorium in many of Toledo’s central neighborhoods. [...]
Deal with division of Krause Gentle worth $1.6 million. The State of Iowa will pay a $1.6 million settlement to the largest of several companies that sued after the state pulled more than a thousand TouchPlay machines from Iowa businesses. A statement issued by the Iowa attorney general’s office said state reached the out-of-court settlement [...]
Plans to swell its energy division come together in three-part strategy. Titan Global Holdings Inc. has released its Energy’s Strategic Initiatives for fiscal 2008 following the acquisition of Appalachian Oil Co. (Appco). Titan has launched a three-part strategic plan to follow the Appco deal, starting with securing the supply of biofuels products through strategic agreements [...]
New act offers solution to motorists paying more for gasoline due to hot temperatures. U.S. Senator Claire McCaskill has introduced the Future Accountability In Retail, or FAIR, Fuel Act, which requires the installation of automatic temperature compensating equipment in all retail gas station pumps within six years to adjust the price of gas as it [...]
Pilot Travel Centers LLC is following Flying J’s lead by becoming the latest truck stop chain to stop accepting Visa and MasterCard at the pump. Pilot made the change in order to halt “significant” quarterly losses due to chargebacks– a process by which credit card banks bill merchants after a cardholder claims either fraud or [...]
Health insurance. Wholesale clubs. Retirement plans. Small and mid-size businesses have longunderstood the power of banding together, gaining strength in numbers to address the basic costs of doing business. The ability to save money on operational essentials can directly affect your opportunities to survive and grow. Pool Power: Bringing Big-Business Electricity Choices to Small and [...]
Measure reduces oil company tax breaks, promotes renewable fuels. The U.S. House of Representatives has passed a radical new energy bill, which aims to expand the use of renewable fuels and cut tax breaks to oil firms The draft law details support for “clean” energy sources like biofuels, wind, and solar and geothermal resources. It [...]
Named fourth in state’s list of Top 100 Private Companies, up one spot from 2006. Rutter’s Holdings Inc. moved up to fourth on the Central Penn Business Journal’s annual list of the Top 100 Privately Held Companies in central Pennsylvania. The list, featured in the weekly newspaper’s Aug. 3 issue, ranked companies based on their [...]
The Senate has fully approved, by a vote of 68-31, plans to expand the State Children’s Health Insurance Program (S-CHIP), which provides health coverage to low-income, uninsured American children whose parents do not qualify for Medicaid. To do this, the bill will increase taxes on cigarettes, cigars and other tobacco products as a way of [...]
Twenty-one stores and 12 surplus locations become available for sealed bid. West Des Moines, Iowa-based Kum & Go has launched plans to sell 21 convenience stores in three states. The stores and 12 surplus sites–33 locations in all–will be sold in a sealed bid auction conducted by the Energy Exchange of Chicago on Sept. 18, [...]
Even before European grocery-retail giant Tesco arrives in the U.S., it’s already under scrutiny for its business practices. A study issued yesterday by the Urban & Environmental Policy Institute at Occidental College, titled “Shopping for a Market: Evaluating Tesco’s Entry into Los Angeles and the United States” said the company fails to meet the environmental [...]
Turnkey solution aims to drive in-store traffic, new customers and revenue. Cumberland Farms, the largest convenience store and petroleum marketer in the Northeast, said it would begin carrying Coinstar’s ‘pay as you go’ products at all 600 Cumberland Farms convenience stores. The product line includes national and regional prepaid wireless programs, prepaid MasterCard and Visa [...]
Bank of America to charge non-customers $3 to use machines. Can you put a price on offering convenience for your customers? The Bank of America has and it’s $3. That what the nation’s largest banking chain is now charging non-customers for as a surcharge for using one of its ATMs. The $1 hike in the [...]
U.S./Canadian marketer launches share repurchase program. Alimentation Couche-Tard Inc., Convenience Store Decisions 2007 Chain of the Year, said that the Toronto Stock Exchange has approved its share repurchase program, authorizing the Laval, Quebec-based company to purchase up to 2,808,765 of the 56,175,312 Class A multiple voting shares and 7,332,066 of the 146,641,334 Class B subordinate [...]
In a year where several top convenience store companies distinguished themselves with new store prototypes, increased sales and strong financial portfolios, Alimentation Couche-Tard Inc. stood out from the crowd by cementing its position as a dominant marketer in the U.S. and Canada. As a result of its outstanding growth and strong leadership, Convenience Store Decisions [...]