Verc Enterprises, a Duxbury, Mass. company with 20 c-stores in the New England area, is planning to convert its Exxon stations to the Gulf brand by the end of this year. The move is being made to get a better wholesale deal on fuel, Verc CEO Leo Vercollone said. "I think Exxon is a more [...]
Kum & Go LLC, of West Des Moines, Iowa, has retained The Energy Exchange of Chicago to coordinate a sealed bid auction for 21 Kum & Go locations that don’t align with the company’s future plans, the company said. The sealed bid auction will include 12 locations in Iowa, three in South Dakota, two in [...]
The Temple, Texas distributor hosts the show annually to bring its retailer and supplier partners together to help educate marketers on current industry trends and make them aware of the new products they could expect to see in the coming months. This year’s show went a step further. In addition to national and regional vendors [...]
Alimentation Couche-Tard Inc., Convenience Store Decisions 2007 Convenience Store Chain of the Year, reached an agreement to acquire 83 stores in Missouri and central the Illinois area from Spirit Energy. Of the 83 convenience stores, 69 operate under the Convenient Food Mart banner and are all company operated. The stores would be operated by the [...]
Chevron and Texaco personal credit cards are being reintroduced with enhanced benefits, such as no annual fee and flexible payment options. Chevron Global Marketing will offer customers newly designed Chevron and Texaco personal credit cards that offer enhanced benefits, the company said. In the coming weeks, active Chevron and Texaco cardholders will be reissued the [...]
Wawa Inc. is trying a fuel discount program at nine stores, offering customers a discount if they pay for gas with cash rather than credit or debit cards. The discounts are a way to skirt the interchange fees charged by credit card companies, though Wawa said the savings from the new program are ultimately being [...]
Quick Chek Food Stores, the Whitehouse, N.J. chain of more than 100 stores throughout New Jersey and New York, launched a new brand positioning complete with logo, private-label product packaging and enhanced Web site. With its new logo in the shape of a bright, lime green-colored letter "Q" with tail shaped like a dark green [...]
Convenience store industry sales reached a new high of $577.4 billion in 2007, but profits dropped by $1.4 billion, largely because of higher credit card fees, the 2008 NACS State of the Industry report found. Overall, industry revenues climbed only 1.4%, leveling off an extraordinary decade of growth that saw industry revenue grow more than [...]
Richard Oneslager enjoys a good joke, so he couldn’t help sharing one of his new favorites. "Did you hear the one about the retailer who sat down with Visa to discuss his interchange fees? Of course you didn’t. Visa doesn’t sit down with retailers!" Oneslager, president of Balmar Petroleum and chairman of the National Association [...]
When it came to choosing between a bank and quick-service restaurant to complement a Tom’s Convenience Store in a travel plaza just outside State College, Pa., Tom’s parent company, Shipley Energy, placed its money where the mouths are. It’s a decision that could pay big dividends for York, Pa.-based Shipley Energy, owner and operator of [...]