Kum & Go Touts Benefits of Sale-Leaseback Deals

Kum & Go LLC announced several sale-leaseback deals to assist in the construction of new stores. Since the West Des Moines, Iowa-based company adopted the strategy three years ago, it has sold and leased back 45 of its 431 stores, Chief Financial Officer Craig Bergstrom said. Up to 75% of new and remodeled stores will

Mixed Results for United Refining

It was a tough first quarter for United Refining, but the Warren, Pa.-based refiner-marketer remains optimistic it will have a strong second quarter. Net sales for the three months ended November 30, 2008 were $770.5 million, a $76.9 million increase over the $693.6 million reported for the same period in 2007. The 11.1% rise in

Loyalty 360, PCATS Announce Partnership

The Petroleum Convenience Alliance for Technology Standards (PCATS) and Loyalty 360, the Loyalty Marketer’s Association (Loyalty 360) are partnering to help continue member development in loyalty marketing practices. PCATS petroleum marketers, convenience store owners/operators and other retail channels will benefit from Loyalty 360’s unbiased, market driven "voice of customer" focused clearinghouse and think tank for

Energizing Beverage Sales

Energy Drinks are still growing in double-digit figures, but some retailers feel a little edgy these days because the category isn’t growing at the same exponential rate it has during the past few years. “Don’t get me wrong, energy is a very big category that puts a lot of money into the bottom line,” said

New Ad Campaign for Heineken

Heineken USA launched a new campaign for the equity which establishes its new and dynamic overarching marketing platform–“Give Yourself a Good Name.” The campaign showcases subtle ways in which consumers decide to “give themselves a good name” through their actions, their words and their choices. Effective immediately, Give Yourself a Good Name will lead all

Gasoline Pump Prices on the Rise

By Brian L. Milne, Refined Fuels Editor for DTN After some mixed pricing for wholesale gasoline prices earlier this month, the trend is again pointed higher, as a reduction in gasoline output by oil refineries works to tighten the supply-demand balance. After reporting negative margins from late October through the end of December 2008, oil

Handee Marts Recognized For Ethics Leadership

7-Eleven licensee Handee Marts Inc. has been named a finalist in the small company category for the Eighth Annual Pittsburgh Business Ethics Award. Finalists for the Pittsburgh Business Ethics Awards are chosen through nomination and overall reputation and are evaluated on criteria such as demonstration of executive commitment to business ethics, clear communication of ethical

FDA: Peanut Butter Investigation Ongoing

The Food and Drug Administration is warning consumers to postpone their consumption of commercially prepared or manufactured peanut butter-containing products, as well as institutionally served peanut butter, in light of an ongoing investigation into a Salmonella outbreak. Identification of the actual products subject to recall is continuing, so the FDA is currently urging consumers to

Kraft Boosts Functional Focus

Kraft Foods Global Inc. is pushing innovation for functional foods by way of a research and licensing partnership with Minneapolis-based Medisyn Technologies Inc., Mediapost.com reported. Medisyn specializes in pharmaceuticals, nutraceuticals and animal health products. The two companies began partnering on research in December 2008, Mediapost.com reported. The partnership could trigger faster and less-costly development of

Counterfeit Money Entering Circulation Increasing Significantly

Tobacco Payouts Continue

Facing an increase in tobacco taxes from the looming SCHIP bill, General Tobacco (GT) said it has made an advance payment deposit of $10 million to the Master Settlement Agreement (MSA) that is due April 15th, 2009. The payment comes as part of its commitment to the multi-state agreement by tobacco companies setting forth strict

Reid Petroleum Grows, Optimizes

Reid Petroleum has opened a new Crosby’s convenience store in Ransomville, N.Y., the Lockport Union-Sun & Journal reported, while it was also announced that Reid Petroleum has selected FuelQuest to optimize its fuel management systems. The new Crosby’s store is the 31st one to be opened by Reid Stores Inc., a division of the Reid

Giant Food Stores To Open C-Stores

Carlisle, Pa.-based supermarket chain Giant Food Stores Inc. is planning to enter the convenience store world by opening two c-stores in the Lancaster, Pa., area, Pennlive.com reported. The company’s supermarkets include all the standard supermarket fare, but it also sells fuel at some sites. The retailer told Pennlive.com, however, that its Lancaster County customers can’t

Kellogg Pulls Peanut Butter Crackers

Kellogg Company said it has taken the precautionary measure of putting a hold on Austin- and Keebler-branded Toasted Peanut Butter Sandwich Crackers, Peanut Butter and Jelly Sandwich Crackers, Cheese and Peanut Butter Sandwich Crackers, and Peanut Butter-Chocolate Sandwich Crackers. The FDA and other regulatory agencies have indicated that Peanut Corporation of America (PCA) is the

A Senior Selling Point?

A research study conducted by Finnish researchers shows that midlife coffee drinking can decrease the risk of dementia and Alzheimer’s disease later in life, the Web site ScienceDaily.com reported. The study was conducted at the University of Kuopio in Finland in collaboration with a research group in Sweden and the National Public Health Institute in

API: U.S. Petroleum Demand Lowest In 5 Years

Total U.S. demand for petroleum in 2008 shrank to its lowest levels in the last five years due to the combined effects of higher prices early in the year and a weakening economy as the year progressed, the American Petroleum Institute reported in its Monthly Statistical Report. U.S. petroleum deliveries fell 6% for 2008 –

Coca-Cola Opens World’s Largest Recycling Plant

The Coca-Cola Company and United Resource Recovery Corporation (URRC) have announced the grand opening of the world’s largest plastic bottle-to-bottle recycling plant, located in Spartanburg, S.C. As part of the opening-day celebration, Coca-Cola announced the launch of a multi-million dollar marketing effort to support recycling, called “Give it Back.” “Today we turn our commitments into

Regal Retail

Retailers Dunkin’ Donuts, Starbucks and Krispy Kreme are among those who are tailoring ad campaigns and product specials to coincide with Inauguration-Day celebrations. Coffee giant Starbucks has teamed with HandsOn Network to launch the “I’m In!” campaign, an initiative to encourage participation in President-elect Obama’s call for national service. Participating Starbucks stores across the nation

York’s Truly, Rutter’s

York, Pa.-based Rutter’s Farm Stores is teaming up with the nonprofit Support Our American Recruits (SOAR) to send Valentine’s Day boxes to soldiers in Iraq, Afghanistan and Kuwait. Rutter’s and SOAR plan to send approximately 50 boxes overseas. Each box contains enough goodies to treat a military unit of 15 to 20 people, which means

Fresh & Easy Hiring 200

Fresh & Easy Neighborhood Market said it’s planning to create 200 jobs in the next two months as the company continues expanding in Southern California, Arizona and Nevada. The new jobs would add to nearly 3,000 that Fresh & Easy created in 2008. Fresh & Easy said it’s aiming to recruit staff from local neighborhoods

NATO Issues a Call to Action

In an urgent message to Congress and President-Elect Barack Obama, the National Association of Tobacco Outlets (NATO) and two other national wholesale trade associations (AWMA and The Southern Association of Wholesale Distributors) have taken out an ad warning of “economic disaster” for state economies and American jobs should tobacco taxes be raised to fund the

Fuel Rally Ends

By Brian L. Milne, Refined Fuels Editor for DTN Retail gasoline prices increased in most metropolitan regions of the country during the first full week of 2009, pushed higher by a climbing wholesale market during the holidays, with the Department of Energy’s statistical arm–the Energy Information Administration (EIA), reporting a weekly increase in the average

Sheetz Expands In W. Va.

City officials in Milton recently received building plans from Sheetz Inc. outlining its plans to build a store in that town, The Cabell Standard in West Virginia reported. MaryAlice Rudolph, code official for the city of Milton, said plans have been submitted but permits haven’t been requested yet, the newspaper reported. Rudolph told the newspaper

Retire Conveniently

Convenience store giant 7-Eleven Inc. is continuing to seek franchisees for its 39 corporate-owned stores in Florida’s Brevard County, FloridaToday.com reported. Michael Da Re, 7-Eleven’s franchise sales manager for the Melbourne/Daytona Beach area, is hosting two three-hour seminars in Palm Bay this week, where he’ll outline the requirements and benefits of operating a 7-Eleven. Da

Rigged System Results In Huge Fuel Theft

Seattle police say someone installed a phony meter on a fuel-delivery system at a BP distribution center on Harbor Island in Seattle, resulting in the theft of 350,000 gallons of diesel fuel over nearly a year, the Seattle Times reported. A police report said that a manager at the Harbor Island terminal in Seattle reported

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