BP is providing the State of Alabama with an additional $25 million grant to continue implementation of the State’s Area Contingency Plan in the wake of the oil spill from the MC252 well. This $25 million grant is in addition to a previous $25 million block grant that BP announced on May 5 to help [...]
Quick Chek is kicking off the first official day of summer with thousands of its customers as it proclaims the day Quick Chek’s Summer “Sub-tacular” Day. Customers visiting any Quick Chek location Monday, June 21 between 5 a.m. and 11 a.m. can receive a Quick Chek iLoveMySub.com stamp on their hand. Upon returning to the store [...]
Ruyan America Inc. and Prime Time International Co. have inked an exclusive product development, brand marketing and supply agreement, CSD has learned. Under the terms of the agreement, Phoenix-based Prime Time will become the exclusive North American distributor and marketer of Ruyan America’s digital smoking alternatives and will provide input and direction with respect to [...]
What a difference location can make. Casey’s, one of 12 public companies incorporated in Iowa, should be thankful right now it’s not incorporated in, say, Delaware where it might not have an much latitude to defend itself form Couche-Tard’s hostile bid. In the New York Times, Steven Davidoff, writing as The Deal Professor, who weighs [...]
For a third year, Wawa is taking its 1960s-inspired Hoagiefest on the road with stops this summer at stores in Rio Grande, N.J.; Toms River, N.J.; Sandston, Va.; Philadelphia and Lewes, Del. These one-day festivals pay tribute to the almighty hoagie, bringing together hoagie fanatics from across the region to celebrate their love of Wawa and [...]
Casey’s General Stores Inc.’s Board of Directors voted to recommend that Casey’s shareholders reject Alimentation Couche-Tard Inc.’s $36.00 per common share cash tender offer, stating that it substantially undervalues Casey’s and is not in the best interests of Casey’s, its shareholders and other constituencies. On June 8, Casey’s filed a Schedule 14D-9 with the Securities [...]
Shell has taken an equity stake in Virent Energy Systems Inc., (Virent) and begun a joint technology program, aiming to convert plant sugars directly into diesel. Since 2007, Shell and Virent have been conducting a joint research and development effort to make biogasoline from plant sugars, culminating late last year in the start-up of a [...]
At a time when many retailers are cutting back on spending, Tedeschi Food Shops is aggressively reinvesting in renovations of its convenience store locations. Recently, 23 locations, including stores in North Weymouth, Chelmsford, Billerica, Westford and Needham have undergone major remodels at an average cost of $250,000 per store in an effort to offer more [...]
Quick Chek is debuting two additions to its foodservice menu: Sliders and Oven-Baked Pizza. Both are scheduled to appear at stores beginning Monday, June 14. Priced at three for $3.99, Quick Chek’s new Deli Sliders include a collection of four varieties in snack sizes: Black Angus Roast Beef and Cheddar (with pickles and mayo) Bourbon [...]
BP announced it plans to donate the net revenue from oil recovered from the MC252 oil spill to create a new wildlife fund that would create, restore, improve and protect wildlife habitat along the coastline of Louisiana, Mississippi, Alabama and Florida. The creation of this fund exceeds the company’s obligations under the Oil Pollution Act [...]
On June 22, the U.S. Food and Drug Administration (FDA) will begin enforcing new requirements on tobacco products, a move that will impact retailers across the country. To help retailers navigate the new rules, NACS will hold its second Webinar focusing on the latest round of requirements on tobacco products implemented by FDA. The Webinar [...]
Altria Group, Lorillard Inc., Reynolds American Inc., two retailers and two retail trade associations have filed a lawsuit in U.S. Federal District Court challenging the New York City Board of Health’s ordinance requiring graphic anti-tobacco health warning signs to be posted in retail stores that sell tobacco products. The lawsuit asserts that the federal government warning [...]
As June 22 inches closer, the day the Food and Drug Administration’s Center for Tobacco Products’ new tobacco regulations go into effect, the agency has responded to retailer confusion regarding the ability to sell existing inventory of tobacco products labeled “light” “mild,” etc. On Saturday, June 5, the FDA’s Center for Tobacco Products issued a [...]
On Friday, June 4, the U.S. Postal Service issued the Final Rule to implement the provisions of the Prevent All Cigarette Trafficking (PACT) Act prohibiting the mailing of cigarettes, roll-your-own tobacco and smokeless tobacco in the continental U.S., the National Association of Tobacco Outlets (NATO) reported. Once the Final Rule goes into effect on June 29, [...]
BP has announced that it plans to make an immediate payment of $60 million to the State of Louisiana as part of its previously pledged commitment to fund the entire $360 million cost of six berms in the Louisiana barrier islands project. In a letter to Louisiana Governor Bobby Jindal BP detailed its plans to [...]