ipso
IPSO
September 2007
keeping stores centered
New Willard Bishop study suggests that center of a store can be the most profitable area. New, smaller banners and greater focus on fresh foods will reduce the size of traditional grocery stores and directly impact variety and space in center of the store, according to a new study by Willard Bishop LLC, an industry [...]
philip morris takes retailers to court
105 vendors being sued over counterfeit cigarettes. Philip Morris USA has filed suit against 105 New Jersey and New York retailers on charges of selling counterfeit versions of Marlboro brand cigarettes. The cigarette maker accuses retailers of all varieties–delis, grocers and convenience stores–of selling cigarettes resembling popular Philip Morris USA products. The company has filed [...]
tesco distribution model requires several hundred us locations
New center costs will lead UK chain to plan more stores, analysts suggest. During a conference in London organized by Piper Jaffray Cos., Tesco revealed that it must open “several hundred” U.S. stores to cover the expenses of opening its vast distribution center near Los Angeles, according to Bloomberg.com. “We need a substantial number of [...]
gilbarco releases passport version 6
Major oil brands step up for upgrades. Gilbarco has released to production Passport Version 6 software for ExxonMobil, Chevron, Sunoco and Valero-branded retailers, as well as independently branded retailers who use the Concord BuyPass network. Passport Version 6 has been validated for compliance with Visa’s Payment Application Best Practices (PABP). The point of sale (POS) [...]
delek closes on lion
Company increases its total interest to 34.5%. Delek US Holdings has completed the acquisition of a 6.24% equity interest in Lion Oil Co. Total cash paid to the selling shareholders by Delek was approximately $23 million. This acquisition, along with a previously completed transaction, brings Delek’s total equity interest in Lion Oil to 34.5%. Lion [...]
halo hiccup hurts 7eleven
7-Eleven may not have been gamers’ first guess as to where to pick up the new Halo 3 this past Tuesday, but that didn’t stop the Dallas-based chain from planning a midnight launch of the video game along with every other gaming retailer across the country. However, a small distribution snag did stop stores from [...]
the pantrys preliminary 2007 numbers poor
Weaker margins, bleak outcome may lead to restructuring. The Pantry Inc. expects its gasoline gross margin and earnings per share for the fiscal year–ending Sept. 27, 2007–to be below its previous targets. Based on preliminary data, the company expects its retail gasoline gross margin for the fourth fiscal quarter to be between 10 cents and [...]
rutters concludes the fuel up for free
Fourth winner awarded free gas for three years in giveaway. Thanks to Rutter’s Farm Stores “Fuel Up For Free” giveaway, Steve Slyder is taking his family on a vacation to West Virginia in October, and he’ll definitely be stopping at a few units of the York, Pa.-based chain on his way out of town. Slyder [...]
bp restructuring management
Recent events leave new CEO contemplating new structure. Tony Hayward, CEO of BP, is warning employees of an impending management “shake-up” in an attempt to refocus the company following a “dreadful” third quarter and a deeper reappraisal of the business after the exit of his predecessor, according to United Guardian. Hayward revealed new plans to [...]
stewarts given highest quality milk award
Cornell University study selects the company with the honor for a second time. Stewart’s Shops has won the 2007 Highest Quality Milk in New York State award with a perfect score. This is the second time in three years Stewart’s has won this award. This prestigious distinction, awarded by Cornell University’s Department of Food Science, [...]
western convenience joins in the e85 momentum
Chain teams up with local supporters to offer biofuel options. Western Convenience Stores is teaming up with the Colorado Corn Growers Association (CCGA), the Colorado Governor’s Biofuels Coalition, Regional Air Quality Council and General Motors to celebrate the opening of a new E85 pump location in Thornton, Colo. The collaboration kicked off the launch of [...]
house votes in favor of chipra
Federal excise tax on tobacco comes one step closer to becoming a reality. Yesterday evening, the House passed a bill in favor of a $35 billion reauthorization for Children’s Health Insurance Program Reauthorization Act (CHIPRA). The act will be fully funded by a .61-cents-per-pack federal excise tax increase on cigarettes. The house voted 265-159 on [...]
simple approaches to reduce energy use
Keeping a cap on consumption can help cut costs and maintain budgets. by Mike Wardle, Roth Bros. Inc. Retailers spend nearly $20 billion annually on energy expenses, according to Energy Star, an Environmental Protection Agency (EPA) organization. And, as costs continue to rise, c-store operators need surefire strategies to conserve energy and maintain budgets. A [...]
gas prices drop 2 cents
National average lowers, but relief may only be temporary. The average retail price of a gallon of gasoline in the U.S. has dropped 2.03 cents in the last two weeks, but unfortunately, prices are set to move up as crude oil prices rise, according to a recent Lundberg Survey. According to the recently published report, [...]