Oppenheimer Funds increases holding in the company to 10.21% The Pantry Inc.’s major shareholder, Oppenheimer Funds, has upped its holding in the chain from 5.94% to 10.21%, according to a U.S. Securities and Exchange Commission (SEC) filing. According to Yahoo! Finance, the move makes Oppenheimer the single largest shareholder in Sanford, N.C.-based chain, which has [...]
7-Eleven Inc. has extended its sponsorship with Andretti Green Racing (AGR) and keep IndyCar Series racer Tony Kanaan in the Team 7-Eleven driver’s seat. The 7-Eleven/Andretti Green sponsorship enters its sixth year in 2008. “Tony has been a winner for 7-Eleven, both on and off the track,” said Kevin Elliott, 7-Eleven senior vice president of [...]
Believe and Achieve program enters its second year. Cumberland Farms has revealed that the second year of its Believe and Achieve Scholarship will begin Oct. 1. The program provides individual $1,000 scholarships to eligible graduating high school seniors living in the company’s service areas. The Believe and Achieve Scholarship program is open to students who [...]
Company puts 34 sites in Ohio up for auction. BP has retained NRC Realty Advisors, LLC (NRC) to coordinate the sale of 34 sites located throughout Columbus, Cleveland and Cincinnati, Ohio marketing areas. Of the 34 sites, 17 are BP-branded gasoline stations of which two are closed and can also be offered for redevelopment for [...]
Customers could save up to 60 cents per gallon through Oct. 18. Shaw’s Supermarkets and Irving Oil have revealed even more savings to be had by the 7,500 Shaw’s Reward’s customers. The two companied have launched an expanded month-long partnership that will provide gasoline discounts with every Shaw’s purchase. The program involves 57 Shaw’s supermarkets [...]
Confusion over timing of unpaid funds cause dispute. The Pantry is taking a pair of insurance companies to federal court, claiming the companies have ignored their responsibilities to pay out on costs The Pantry incurred after underground storage tank leaks. The Sanford-based chain said that American Safety Indemnity Co. of Georgia (ASI) and Gulf Underwriters [...]
Plans to boost refinery output at Tulsa plant by 60%. Sinclair Oil Corp. unveiled plans to increase gasoline and diesel production at its Tulsa, Okla., refinery by 60%. The expansion is scheduled for completion by late 2010 and will include the addition of a crude distillation unit that will raise processing capacity to 115,000 barrels [...]
Brandon Taylor of Ogden, Utah learned first hand today why using his KickBack rewards card pays in more ways than one. Taylor was selected as the 2007 National Grand Prize winner of a trip for him and his family to Hawaii courtesy of participating merchants in the KickBack Points Customer Rewards Network. He was awarded [...]
RJ Reynolds says “no changes in our promotional discounts.” Philip Morris USA said yesterday it is raising prices as falling U.S. shipments dampen profit growth. Philip Morris will reduce a promotional discount by 5 cents a pack to 35 cents on its Marlboro, Parliament, Basic and L&M brands, spokesman Bill Phelps said. It also will [...]
Chain helps raise money for The Leukemia & Lymphoma Society. Wilson Farms Inc. has become the first local presenting sponsor for the Western New York & Finger Lakes Chapter of The Leukemia & Lymphoma Society’s “Light the Night” walk fund raising campaign. Rochester’s Light the Night walk will be held at Monroe Community College on [...]
New proprietary brand enters into stores. 7-Eleven is adding to its proprietary wine segment with the new Sonoma Crest Cellars, a proprietary brand of premium wine to compliment the existing Thousand Oaks wine brand Sonoma Crest Cellars is produced by the Sonoma, Calif.-based Popcorn Wine Group and is available in chardonnay, merlot and cabernet sauvignon [...]
At the request of Kansas Governor Kathleen Sebelius, ConocoPhillips will allow the sale of E-85 fuel in Kansas. Sebelius reached out to company executives in mid-August expressing Kansas’ commitment to the fuel blend. The production of the fuel creates a market for over 96 million bushels of Kansas sorghum and corn each year. “Kansas is [...]
Alimentation Couche-Tard Inc. revealed that it will slow expansion in the U.S. this year by buying only 200 to 300 stores, but annual revenue will exceed $14 billion U.S., according to the Montreal Gazette. “We’ll ease up from last year’s torrid pace, but fill gaps in our regional coverage, continue to raise efficiency and add [...]
Hoshizaki America announces the manufacturing of the new Serenity Series Cuber Ice Machine, KMS-1230MLH. The KMS-1230MLH Crescent Cube Ice Machine is 75% quieter than traditional remote units. Serenity’s space saving design makes for an ideal installation on top of a beverage dispenser and the quality of ice will dispense easily in this application. The KMS-1230MLH [...]
7-Eleven renews long-standing sponsorship with Andretti Green Racing and No. 11 driver Tony Kanaan. 7-Eleven, Inc. extended its successful sponsorship with Andretti Green Racing (AGR) that will keep IndyCar Seriesracer Tony Kanaan in the Team 7-Eleven driver’s seat. The 7-Eleven/Andretti Green sponsorship, regarded as a model motorsports marketing relationship, enters its sixth year in 2008. [...]