Consumers’ use of cash is expected to decline by a total of 17%, or 4% per year, between 2010 and 2015, dropping to slightly more than $1 trillion, according to a new report from Aite Group that sizes and forecasts U.S. consumers’ use of cash. The report draws upon two surveys conducted by Aite Group [...]
Kum & Go began selling MADE, a line of organic drinks from Tenaya LLC, this January. “The pioneering spirit of Kum & Go’s founders fits nicely with the MADE brand,” said Charley Snell, Tenaya Founder. “We are a pioneer as well in introducing people to organic products that are convenient and refreshing.” Founded in 1959, Kum [...]
Bruce Carl Bott has been appointed president of ADD Systems. “For several years now, I have been gradually shifting responsibilities to Bruce Jr. and others in anticipation of this change,” said ADD Systems CEO / Owner Bruce Alan Bott. “So while a change in presidency is significant and momentous, we fully expect a smooth transition. [...]
Sunoco Inc. has reached an agreement with the New Jersey Turnpike Authority and Getty Petroleum Marketing Inc. to begin operating the nine fuel stations at service plazas along the Garden State Parkway, one of the most heavily traveled roads in the nation. The new six-year agreement begins January 2011 and runs through December 2016. Sunoco [...]
7-Eleven’s c-store franchise is taking New York by storm, with plans to operate some 100 stores in Manhattan by the year 2015, the International Business Times reported. At present 7-Eleven operates a mere 10 locations in Manhattan and expects to reach 15-20 locations over the next two years, before soaring to the 100 mark. “We [...]
Circle K convenience store chain is rolling out a new, state-of-the-art check cashing program to its company-owned locations, anchored by VALID’s decisioning and identification technology. Some 750 of Circle K’s 3,000+ stores currently have added the check cashing program. The new system integrates existing hardware alongside new technologies. The verification and approval process is fully-automated; [...]
7-Eleven Stores in Oklahoma (which has no connection with the international company with the same name) presented Children’s Hospital Foundation (CHF) with a $1 million pledge that will help to transform the health of Oklahoma’s Children by funding pediatric research, clinical care and education. The donation marks another significant donation toward the Oklahoma campaign for [...]
Foodservice sales are hot and convenience store operators fighting for their “fare” share. How is foodservice performing for your company? What’s your outlook for the various foodservice categories in 2011? And, where are you focusing more time and energy this year as it relates to commissary and other packaged products and food prepared on-site? Convenience [...]
Brian L. Milne, Refined Fuels Editor, Telvent DTN The upside push in gasoline prices seems unrelenting, with federal data showing the US average for regular grade climbing to $3.07 gallon as of Jan. 3, a 27-month high. Wholesale gasoline costs since Jan. 3 were mostly down in major metropolitan markets, higher in the Pacific Northwest [...]
Wilmington, N.C.-based VPS Convenience Store Group, has acquired 22 Appco locations in Bristols, Johnson City and Kingsport, TriCities.com reported. The stores have been closed for the past six months, due to bankruptcy of the former owners, but will re-open under the Scotchman brand in the next few weeks. “We are very excited to bring the [...]
AWMA’s new Foodservice Pavilion being launched at the 2011 Show in February is currently sold out, but more space is being added. The Foodservice Pavilion is part of a larger initiative to support this growing and profitable category during AWMA’s show to be held Feb. 8–10, 2011 at the Paris Hotel in Las Vegas. Foodservice [...]
Huck’s Convenience Stores’ “Karing for Kids” fundraising program has donated $288,000 to help assist children in the local markets of its 107 stores, the Evansville Courier & Press reported. The program is now in its seventh year of providing funds to allow children to Christmas shop for themselves and their families. Huck’s stores, its corporate [...]
Now in its sixth year, the Annual Environmental Community Service Award is set to once again be presented by Wawa, NBC 10, and the environmental law firm Manko, Gold, Katcher & Fox LLP (MGKF). The goal of the Environmental Community Service award is to raise awareness of environmental concerns and to recognize middle and high [...]
The ―new normal is an intensely competitive world where every single leg up matters for CPG retailers and manufacturers, who are doing everything they can to compete and win with shoppers. Because shoppers will separate the winners from the losers in 2011, the SymphonyIRI Group Summit 2011 will focus on ―Gaining the Competitive Edge. The [...]
NRC Realty & Capital Advisors, LLC (NRC) has announced that Feb. 15, 2011 has been set as the bid deadline for the previously-announced sale of up to 55 fee properties in the Florida Panhandle. Most of the properties are operating gas stations with convenience stores, including one closed site. Most of the operating stations are [...]