By Brian L. Milne, Refined Fuels Editor for DTN Retail gasoline prices are moving lower across the country following the July 4th holiday as national inventory levels increase while growth in the consumption rate remains elusive. Wholesale costs fell during the first week of July, and are poised to extend the downslide post [...]
7-Eleven Inc. is using its 6,300 U.S. stores to try to gather one million signatures on petitions in an attempt to encourage Congress to change what 7-Eleven calls unfair and excessive credit card transaction fees, the Dallas Morning News reported. Credit card companies charge retailers a fee for every transaction they make with [...]
Hyundai celebrated the start of Fourth of July weekend, one of the busiest travel weeks of the summer, by giving customers a welcome break from heavy gas prices. The company teamed with Atlas Oil Company, which hosted the $1.49 Hyundai Fuel Fill Up event, a one-day promotion that was offered in the three [...]
Stores magazine released this year’s Top 100 Retailers chart, ranking companies in the retail industry by sales volume. The results revealed many of the largest retail companies in the U.S. experienced lower earnings compared to the previous fiscal year, and those that did experience gains in earnings, such as Wal-Mart (5.3%) saw single digit [...]
As the summer selling season hits its peak, operators must hone best practices to increase market share. Gazing through my crystal ball, I see it boldly predicts summer 2009 is going to bring some very solid sales numbers, indeed greatly increased sales for much of the country. Moreover, as you view this issue of Convenience [...]
Generex Biotechnology Corp., a leader in drug delivery for metabolic diseases through the inner lining of the mouth, has announced the expansion of its confectionary products’ availability throughout North America with the following products aimed at boosting impulse sales. New prodcuts include: * BaBOOM! Energy Spray, which offers consumers a convenient boost of [...]
Paying for online entertainment without a credit card just got easier for conveneince store custoemrs, thanks to a partnership between Coinstar and Rixty. The e-commerce company launched its new cash-based payment system at more than 10,000 retail locations. Now anyone with cash and coins can convert that money into online purchasing power across an exciting [...]
Gulf Oil L.P. is now providing financing options to its distributor and dealer network through a new partnership with Patriot Capital Corp., which is the nation’s leader in equipment finance for the retail petroleum industry. The new relationship enables Gulf to provide flexible financing options to distributors and dealers interested in obtaining new equipment. [...]
Red Lion, Pa. resident Lowell Sipe just got back from vacation. Rutter’s is sending him on a second one–from gas prices. Sipe is the first winner of Rutter’s summer gas giveaway, “Fuel Up Free!” Sipe accepted his grand prize at the Rutter’s in York Township, Pa. A total of eight customers will receive free [...]
New York City officials have begun cracking down on gas pumps rigged to charge more for less gas ahead of the July 4th holiday weekend. Pump inspections led to the immediate shutdown of 227 pumps in the Big Apple, The New York Post reported. One reason for the sweeps was a 40% increase in [...]
7-Eleven Inc. has launched a new program to make it easier for those who served in the U.S. Armed Forces to have the opportunity to own their own business. This July, the convenience retailer is launching a new military veterans franchise program that offers discounted franchise fees to retired or separated veterans of [...]
The Florida state tax on cigarettes jumped to $1.34 a pack Wednesday, marking a 294% increase in the state excise tax, the Miami Herald reported. The increase follows a 159% increase in the federal cigarette tax, from about 39 cents to $1.01 a pack, on April 1. In addition, some Big Tobacco companies [...]
Sheetz Inc., Altoona, Pa., which operates more than 350 c-stores in Pennsylvania, West Virginia, Maryland, Virginia, Ohio and North Carolina continues to expand its reach, as it opens a new store in Strongsville, Ohio. “It is always exciting for us to expand into a new area,” said Stan Sheetz, president and CEO of [...]
7-Eleven Inc., Dallas, has joined forces with Paramount Pictures to promote the Aug. 7 release of the new action movie, “G.I. Joe: The Rise of Cobra.” The c-store is starting a promotion Wednesday that will feature a new G.I. JOE-themed true-blue Slurpee flavor called Liquid Artillery, a summer fruit blend of strawberry, pineapple [...]
SemGroup LP is set to sell off much of its SemFuel refined petroleum unit to Tulsa-based QuikTrip Corp. and Magellan Midstream Partners LP for a combined price tag of $37 million, according to the Tulsa World. If the deal goes through, QuikTrip, which has 500 convenience stores in nine states, will be purchasing [...]