The board of directors of Walgreen Co. has authorized a new $1 billion share repurchase program, which will expire at the end of 2012. The board also declared a regular quarterly dividend of 17.5 cents per share, a 27.3% increase over the year-ago dividend. The dividend is payable Dec. 11, 2010, to shareholders of record [...]
Shell is continuing its efforts to educate consumers about the benefits of using high quality gasolines in their vehicles by giving away thousands of gallons of Shell Nitrogen Enriched Gasolines to drivers coast-to-coast today, Friday, Oct. 15. To ensure consumers have a firsthand opportunity to learn about and try Shell Nitrogen Enriched Gasolines for themselves, [...]
Quick Chek, which operates 125 food store locations throughout New Jersey and southern New York, has announced its West New York, N.J., store located at 5100 Kenned Blvd., will celebrate its five year anniversary, Sunday, Oct. 24. Opening its doors for business Oct. 24, 2005, West New York Quick Chek is currently managed by Store [...]
Convenience TV Inc. has signed an Memorandum of Understanding with Black Hat Distributing Co. LLC to have them sign 75 additional locations in Greater Los Angeles. If successful, adding these additional 75 installations will bring the total number of locations to 103 in the Los Angeles area. “We have projected that 100 or more locations [...]
Retailers should exercise extreme caution when considering whether to sell E15 (gasoline containing 15% ethanol) following the U.S. Environmental Protection Agency’s (EPA) recent decision to authorize the use of E15 in vehicles manufactured in model year 2007 and later, said the National Association of Convenience Stores (NACS). NACS represents the convenience and petroleum retailing industry, [...]
Nearly 22,000 representatives of the global convenience and petroleum retailing industry turned out for this year’s NACS Show, according to attendance figures released by NACS. Overall, 21,983 attendees were at the NACS Show, including 1,328 international attendees. The NACS Show took place Oct. 5-8 at the Georgia World Congress Center in Atlanta. It is ranked [...]
Kim Jeffery, president and CEO of Nestlé Waters North America, was welcomed into the Beverage World Hall of Fame on Sept. 22, 2010, at the Interbev 2010 Conference in Orlando, Fla. For more than 25 years, the Hall of Fame has honored executives in the beverage industry who have demonstrated devotion, creativity and passion for [...]
Love’s Travel Stops & Country Stores is donating $1 million to Children’s Miracle Network, a charity that raises funds for more than 170 children’s hospitals. Each September, customers are encouraged to purchase paper heart icons valued at $1, $5 or $25 Customers also participate in other local fundraising events hosted by Love’s employees, such [...]
Smithfield Foods Inc. has named Michael Brown president and chief operating officer of Farmland Foods Inc., effective Oct. 4, 2010. Farmland is a subsidiary of Smithfield Foods, headquartered in Kansas City, Mo. Brown previously served as president of Armour-Eckrich LLC since 2008 and has nearly 30 years of experience in the food industry. He will [...]
Casey’s General Stores Inc. has entered into an agreement to purchase up to 19 convenience stores in Illinois owned by Harper Oil Co. Inc. The stores are currently operated under the “On The Way” banner and will be rebranded to Casey’s. Harper, which owns other On The Way stores, plans to continue to operate its [...]
While Pennsylvania’s businesses and consumers are struggling through the worst economic downturn in a generation, the Pennsylvania House of Representatives last week adopted an amendment that would impose a new, hidden fuel tax on businesses that sell-and consumers who rely on-biodiesel fuel. John Kulik, executive vice president of the Pennsylvania Petroleum Marketers and Convenience Store [...]
LIFT Retail Marketing Technology has announced the launch of its LIFT Station platform—an integrated suggestive selling point-of-sale (POS) technology for convenience stores. “We are excited to introduce this game-changing solution to the c-store industry. Retailers are looking to grow sales by being more shopper-relevant and the LIFT Station helps them do that like never before,” [...]
CITGO Petroleum Corp. kicks off its 2010 Fall Fueling Good campaign today, Oct. 13, to recognize and reward more charities and individuals who are making a difference in their local communities. Charities, community groups and individuals can get involved in the “100 Days of Get & Give” by submitting an entry at www.FuelingGood.com. Participants will [...]
LUKOIL and Terror Behind the Walls at Eastern State Penitentiary-ranked the No. 1 haunted house by AOL-are launching a “Road Trip to Terror” by giving away $0.94 gas to the first 50 cars to fill up at select LUKOIL locations on designated dates beginning today, Oct. 13, 2010, at 11 a.m. The famous zombie inmates [...]
Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline costs are moving sharply higher early in the fourth quarter primarily on a bullish market sentiment for all commodities in general, along with refinery downtime in key regional markets in New York and Chicago. Meanwhile, ethanol prices are again on the move higher, with the [...]