Massachusetts-based Alliance Energy LLC has acquired 68 convenience store and dealer assets owned by Peterborough Oil Company Inc. of Leominster, Mass., according to Matrix Capital Markets Group, the company that handled the deal. Peterborough, owner and operator of retail petroleum marketing outlets and convenience stores branded as Mr. Mike’s in Massachusetts, New Hampshire and Maine, [...]
A Texas-based petroleum company with a chain of c-stores was charged with violating consumer information laws after authorities discovered a slew of personal consumer data had been tossed into a trash bin at the company’s Texas headquarters, according to court documents and news station KPRC 2. Petroleum Wholesale, operator of Sunmart Travel Centers and Convenience [...]
Anheuser-Busch on Friday said Grupo Modelo CEO Carlos Fernandez resigned from the company’s board of directors, signaling the loss of a potential key ally in the U.S. brewer’s fight to fend off an unsolicited takeover bid from InBev in Belgium, Reuters news service reported. Anheuser owns 50% of Modelo, the No. 1 brewer in Mexico. [...]
Kwik Shop Inc., the Hutchinson, Kan.-based convenience store chain operating under The Kroger Co.’s umbrella, has hired Brian Fisher as vice president of operations, said Jeff Parker, president of Kwik Shop, in a press release. Parker, a nine-year employee at the Jacksonville, Fla.-based The Pantry Inc., will start at Kwik Shop at the end of [...]
In honor of the Summer Solstice, the Alaskan town of Barrow will officially be renamed “Jolt” for a 24-hour period on June 20, when Jolt Energy airlifts hundreds of energy drinks to the enlightened town. So says Barrow Mayor Michael Stotts and Jolt Energy Drinks, a company rejuvenating the townsfolk as they face an annual [...]
Shares of The Pantry rose in early trading Thursday after the company said it expects to rebound from a recent string of poor showings, the Triangle Business Journal reported. The Sanford, N.C.-based chain said earnings per share in the fiscal quarter ending June 26 will exceed the consensus estimate of analysts polled by Thomson Financial, [...]
BP America is planning to open an office for its alternative energy division in San Francisco, the San Francisco Business Times reported. The company is considering several locations in San Francisco to house its new office, BP Alternative Energy, which started in 2005 and is headquartered in Houston, BP spokeswoman Sarah Howell said. The company [...]
The Hershey Company said it will increasingly target key consumer segments as a way to drive sales growth, and the company also plans to boost total advertising by 20% in both 2008 and 2009. The company’s efforts will be focused on core brands that currently generate about 60% of the it’s total sales in the [...]
Schnuck Markets Inc., the St. Louis, Mo.-based operator of more than 100 grocery and food stores throughout the Midwest, has selected RedPrairie’s Workforce Management solution to master the chain’s labor schedules. RedPrairie’s Workforce Management solution will assist the company in tracking time and attendance, accruals, forecasting and optimized scheduling in Schnuck’s stores, which include almost [...]
7-Eleven Inc.’s promotions in connection with the summer 2007 release of “The Simpsons Movie” won the c-store chain two of three Gold Lion awards presented to U.S. companies at the 55th Annual Cannes International Advertising Festival. It was the first international honor the company earned for its July 2007 campaign where 12 of its North [...]
Gilbarco Veeder-Root, a provider of payment systems for fuel dispensers and POS systems in the retail petroleum industry, has joined the PCI Security Standards Council as a new participating organization, the company said. In its new role with the PCI SSC, Gilbarco will help evolve the PCI Data Security Standard (DSS) and other payment card [...]
ExxonMobil’s announcement that it’s exiting the U.S. retail business could inspire Alimentation Couche-Tard to acquire the stores, reported the National Post in Canada, where Couche-Tard is headquartered. The National Post reported that Couche-Tard’s management is seeking larger acquisition targets in fiscal 2009, analyst Sara O’Brien of RBC Capital Markets said in a note to clients, [...]
Chicago-based consumer research firm IRI is teaming with TNS U.S., of New York, to gain a deeper understanding of consumer attitudes and behaviors in all things green. The two companies are looking to flesh out new concepts on the green front, including a determination on which types of consumers are likely to buy green products [...]
Fresh & Easy Neighborhood Market and its suppliers have streamlined their distribution models to reduce direct store deliveries, which the company says will help it save money on fuel and allow it to pass the savings to customers. The innovative, simplified distribution method will also help the environment by triggering reductions in CO2 emissions, fuel [...]
Susser Holdings Corporation today named Steven DeSutter executive vice president of Susser and president and CEO of the company’s retail unit, Stripes LLC, the company said. Most recently, DeSutter was an advisor and served as interim executive vice president of operations for Quiznos, a multinational sandwich franchise with roughly 5,000 restaurants. He also held past [...]