A U.S. Bankruptcy Court in Wyoming has approved Red Eagle Oil Inc. plan to sell off its retail assets. The company is offering its 15 convenience stores in Wyoming for sale individually, in groups or as a package. Under the bid procedures, parties have until May 2 to submit offers, court papers show. An auction [...]
As their popularity soars in convenience stores, e-cigs are becoming the target of new smoking bans and tax regulations. By Erin Rigik, Associate Editor. Once speculated to be a passing fad, e-cigarettes are increasing in sales and popularity and pushing their way toward becoming a mainstream product. Celebrities from Leonardo DiCaprio to Britney Spears have [...]
New report shows c-stores have greatly benefited from the growth of the overall retail industry. Research and Markets has announced the addition of the “US Convenience Stores Forecast to 2014″ report to its offering. The U.S. convenience stores industry, one of the world’s largest and fastest growing sectors, presents lucrative investment opportunities for new players. [...]
Innovation, convenience and versatility can boost your pizza sales in 2012. A new report by Technomic shows pizza consumption continues to rise. More than four in 10 (41%) consumers polled say they’re now eating pizza once a week, compared to 26% just two years ago. Pizza consumption has increased over the past two years as [...]
D.C. Circuit Court of Appeals hears arguments on FDA graphic warnings for cigarettes. On April 10, the U.S. Circuit Court of Appeals for the District of Columbia heard oral arguments regarding the constitutionality of the FDA’s graphic cigarette health warning labels. On Feb. 28, 2012, Federal District Court Judge Richard Leon issued a decision that [...]
Exemption on utilities, machinery, equipment and materials used or consumed in manufacturing or processing, does not extend to the preparation of food for retail sale, the Court rules. The Missouri Supreme Court has denied a Casey’s General Stores convenience store and restaurant a partial sales tax exemption for electricity used to prepare food for sale. [...]
Agreement with Houston’s Petroleum Wholesale LP seals 10 year partnership. Less that a year since announcing its return to its Texas roots, Gulf Oil announced today that it is boldly continuing its expansion in the Lone Star state through a partnership with Petroleum Wholesale LP. The agreement calls for an immediate re-branding of 50 service [...]
Nine c-store employees at the Red Bull, Ill. store will get a chunk of the winnings. A MotoMart convenience store in southern Illinois that sold one of three lottery tickets that won a share of the world-record $656 million Mega Millions jackpot is celebrating this week. Illinois Lottery Superintendent Michael Jones presented the MotoMart convenience [...]
Study shows as gas prices increased 80% between 2004 and 2011, card fees grew 180%. A new study by the National Association of Convenience Stores (NACS) called “Hidden Bank Fees Siphon Money from Customers and Merchants at the Pump,” shows drivers are paying 6-10 cents a gallon in hidden bank fees every time they purchase [...]
As major shifts in the economy have created unparalleled effects on the labor market, CSD has partnered with Humetrics to help c-store operators benchmark their hiring practices and employee costs. By Mel Kleiman, Contributing Editor. In an ongoing effort to support the convenience store and petroleum industry’s forecasting and planning responsibilities, Convenience Store Decisions and [...]
As rising gas prices continue to shrink profits at the pumps, having a strong foodservice offering can drive customers into convenience stores. By Marilyn Odesser-Torpey, Associate Editor. A growing number of retailers are choosing to go the brand name route, partnering with high profile quick-service chains or turnkey commissary-style suppliers. Convenience Store Decisions asked some [...]
Kronos Inc. to help WilcoHess control costs and improve employee satisfaction. WilcoHess, an operator of more than 400 convenience stores, travel plazas, and restaurants in southeastern U.S., recently selected a comprehensive workforce management solution from Kronos Inc., to further enhance customer and employee satisfaction. “Kronos has proven that technology innovation can make business applications easy [...]
Is your foodservice program ready for an extreme makeover? Experts agree that to successfully compete in the convenience store industry retailers must have a solid foodservice program. Developing a winning foodservice strategy requires a radical change in the corporate culture, a hefty financial commitment, lots of hard work and patience. But if you are committed [...]
By Brian L. Milne, Refined Fuels Editor, Telvent DTN The national gasoline average for regular grade provided by the Energy Information Administration (EIA) is rapidly approaching $4 gallon, reaching $3.941 gallon on April 2, which was the tenth consecutive weekly increase in the average. Moreover, the average has increased in 14 of the last 15 [...]
Customers have a chance to win free flex-fuel for a year. Thorntons has rolled out its Flex-Fuel Earth Day Promotion, where customers who drive flex-fuel vehicles can enter for a chance to win FREE Flex-Fuel for a Year. Of Thorntons’ 166 gasoline and c-store locations in Kentucky, Illinois, Indiana, Ohio and Tennessee, currently 63 offer [...]