Alimentation Couche-Tard announced today that despite rising revenue, its quarterly profit dropped 23% due to lower U.S. gasoline margins, Reuters reported. Couche-Tard, North America’s second-biggest convenience store chain, operates more than 5,400 convenience stores, with some 3,600 of those also selling gasoline. The company earned $54.8 million, or 29 cents a share, in its third-quarter, [...]
Casey’s General Stores Inc. reported $0.34 in basic earnings per share for the third quarter of fiscal 2010 ended Jan. 31, 2010, compared to $0.28 for the same quarter a year ago. Year to date, basic earnings per share were $1.87 versus $1.38 for the same period last year. “The acquisition environment has become more [...]
PDI and Acumera have entered into a joint marketing and technology development agreement to optimize the deployment and use of Acumera’s advanced managed network services. “Acumera’s network integration services connect all store systems to a secure, PCI-compliant broadband network to reduce telecommunications costs and simplify remote support,” said Dirk Heinen, CEO and co-founder of Acumera. [...]
ExxonMobil introduced a new feature that will allow customers to download Exxon and Mobil service station locations to their GPS devices. This feature is downloadable from the ExxonMobil Station Locator Web site, and is compatible with the leading consumer GPS devices, including Garmin, TomTom and Magellan. The site features easy to follow instructions along with [...]
The Women’s Business Enterprise National Council (WBENC) named Chevron and Exxon Mobil Corporation among America’s Top Corporations for Women’s Business Enterprises for providing growth opportunities to women business owners, in February. The WBENC’s annual listing is the only national award honoring corporations for world-class programs that create level playing fields for women’s business enterprises to [...]
Royal Dutch Shell’s chief executive predicted Thursday that oil will remain the dominant energy source for decades, and one that will become more difficult and thus more expensive to obtain, MarketWatch reported. Shell’s CEO Peter Voser, gave the prediction as he spoke before an audience at The Wall Street Journal’s ECO:nomics conference in Santa Barbara, [...]
Chevron Corporation’s executive vice president, Charles A. James, will leave the company effective May 2, 2010. James, who intends to retire from the active practice of law, will join the adjunct faculty of the law school at Arizona State University and pursue other charitable ventures. This move is part of a planned transition under which [...]
BP has outlined plans to further boost efficiency and reduce costs as it plans to improve its annual underlying pre-tax profitability by more than $3 billion over the next two to three years, the company announced in a press release. In addition, the company has extended its medium-term oil and gas production outlook, projecting that [...]
The Nielsen Company recently analyzed the shopping habits of four key generations (Greatest Generation, Boomers, Gen X and Millennials) to understand generational differences in purchasing practices and gain insights into opportunities for CPG companies. Results showed that the Greatest Generation consumers, shaped by the Great Depression and World War II frugality, are the most [...]
On March 3, ampm debuted its new personal-size pizza, adding another fresh food to its line of proprietary products. The new pizza comes in two flavors: pepperoni and four-cheese (a blend of mozzarella, provolone, parmesan and romano cheeses). The New York-style pizza will be baked fresh on-site and packaged in a box with two eye-catching [...]
Frank G. Paci, executive vice president and chief financial officer for The Pantry Inc. will present at the Bank of America Merrill Lynch 2010 Consumer Conference in New York City, MarketWatch reported. The session featuring Paci is scheduled for 4:20 p.m. EST on Wednesday, March 10, 2010. A live audio Webcast will be accessible through [...]
Jamba Juice Company and Oregon Ice Cream are debuting a new line of Frozen Fruit Sorbet and Frozen Fruit Sorbet & Yogurt Bars, hitting select retail freezers across the U.S. this week. The frozen novelty bars are available in five delicious flavors, are all natural, made with real fruit, provide a good source of [...]
The U.S. Supreme Court has ruled in favor of Shell Oil Co. and Motiva Enterprises LLC in a Massachusetts case filed by independent service station owners, Bloomberg reported. The station owners filed the lawsuit saying Shell and Motiva used rent increases to try to end their franchise arrangements so the companies could usurp operation of [...]
A portfolio of 12 7-Eleven stores, all of which were part of small strip centers, has sold to different buyers in transactions with a combined value greater than $20 million, GlobeSt.com reported. The 12 assets in Nevada, Texas and Virginia were acquired from the locally based 7-Eleven through all-cash deals. Seller representative Mehran Foroughi, senior [...]
Kum & Go,L.C. raised more than $80,000 for the American Red Cross Haiti Relief Efforts since Jan. 15th. Customers who donated $1 at the registers of the more than 430 Kum & Go stores raised a majority of the money, $59,000. The remainder of the contribution was collected from donations at the company’s Store Support Center [...]