The Pantry Inc., Sanford, N.C., an independently operated c-store chain in the Southeast, announced Tuesday that it had acquired 38 convenience stores from Herndon Oil Corp., using cash in hand, according to RTT News. When plans for the acquisition were announced previously, the agreement included 40 stores, but in the meantime, one has [...]
C-store owners know North American consumers are continuing to embrace self-service technology, but a recent study is showing just how popular they’ve become. Transactions at self-service kiosks are expected to surpass $775 billion in 2009, and could increase to more than $1.6 trillion by 2013, according to a new research study conducted by [...]
Rich Products Corp., Buffalo, N.Y., has created the industry’s first line of fresh bread that can be taken directly from the freezer and baked in the oven, eliminating the time-consuming preparing and “proofing” process otherwise necessary to make freshly baked bread. Rich’s proprietary Fresh ‘n Ready Classic Sandwich Breads, developed over five years [...]
New consumer polling data shows the majority of U.S. supermarket shoppers will continue purchasing store brand products even after the recession has come to an end. A poll conducted this month by GfK Custom Research North America for the Private Label Manufacturers Association (PLMA), found 91% of shoppers plan to continue buying [...]
After more than 10 years of working toward a carbon-constrained solutions, BP has shut its alternative energy headquarters in London, the Sydney Morning Herald reported. BP spokesman David Nicholas told London’s Guardian about 80 staff members in the company’s alternative energy division would be relocated to the corporate head office, and spending on [...]
By Brian L. Milne, Refined Fuels Editor for DTN Wholesale costs for gasoline were mostly lower in the major metropolitan markets across the U.S. during the final week of June, which should slow the price increase at retail outlets. Pass-through costs will continue to work through the supply chain from the oil [...]
BP has agreed today to sell its ground fuels marketing business in Greece to Hellenic Petroleum for $500 million. The deal is subject to certain conditions, including regulatory approvals, and is expected to be completed towards the end of the year with the sale of BP Hellas shares. The sale covers the [...]
President Obama urged senators to ignore “misinformation” from critics of his energy bill, which passed the House of Representatives late Friday night despite GOP predictions that it will further damage the economy, the Washington Post reported. “We must not be prisoners of the past,” he said in his radio and Internet address. “Don’t [...]
New Hampshire legislators last week said they closed a $650 million revenue gap by passing an $11.5 billion budget that includes raising the cigarette tax by 45 cents, to a total of $1.78 per pack, Seacoast Media Group reported. Despite the tax hike, New Hampshire still offers the lowest cigarette tax in [...]
Casey’s General Stores are set to be the primary sponsor of the Ultimate Challenge at the Southern Iowa Speedway in Oskaloosa, Iowa. The Ultimate Challenge will take place on Aug. 11, and will be presented by Searsboro Telephone Co. The Ultimate Challenge is sanctioned by the U.S. Auto Club. “The USAC [...]
Kwik Trip, LaCrosse, Wis., will be accepting Wisconsin’s Excellence in Energy Efficiency Award today for its efforts in green initiatives, NewsTalk1410 reported. According to Corporate Communication’s Steve Wrobel, Kwik Trip is receiving the award thanks to its work on various projects, including heating and AC management, refrigeration and heat recovery systems that take [...]
BP has appointed a new chairman, Carl-Henric Svanberg, chief executive of Ericsson, the telecoms equipment marketer, Times Newspapers LTD reported. Britain’s biggest company has spent the last year searching for a replacement for Peter Sutherland, the current chairman. Now, Svanberg, 57 will fill Sutherland’s shoes beginning Jan. 1. He is an outsider [...]
CITGO Petroleum Corp. kicked off its 2009 consumer advertising campaign in June to coincide with the start of summer driving season. As part of the campaign, TV, radio and billboard ads will feature real CITGO marketers and retailers from across the country, highlighting the fact that each and every one of the [...]
Rutter’s Farm Stores, York, Pa., is building on last year’s stir fry introduction by rolling out a dinner menu that includes meat loaf, pot roast and pasta-each for $5.99 or less. “Stir fry has been a big winner for us,” said Jerry Weiner, vice president of food service, Rutter’s Farm Stores, which operates [...]
Wawa’s merchandise sales grew last year, despite a down economy, the Philadelphia Inquirer reported. “We’re not up to historic averages, but we’re performing better than the vast majority of retailers,” Howard Stoeckel, Wawa’s CEO told the newspaper. What’s helping Wawa, which has stores in Pennsylvania, New Jersey, Delaware, Maryland and Virginia triumph [...]