“Food is the future of (the c-store) industry,” says Jeff Lenard, NACS vice president to The Gazette, an Eastern Iowa newspaper. Food sales accounted for 16.9% of a record $195 billion of in-store sales at convenience stores in 2011, according to the National Association of Convenience Stores (NACS), which means many c-store chains have been…
Core-Mark Reports Quarterly Cash Dividend
Core-Mark Holding Company Inc., one of the largest marketers of fresh and broad-line supply solutions to the c-store retail industry in North America, announced its board of directors has declared a quarterly cash dividend of $0.17 per common share. The dividend is payable on Sept. 17, 2012 to shareholders of record as of the close…
CITGO Improves Safety Rates In 2011
CITGO earns awards and recognition for its increased safety rates in 2011. CITGO Petroleum Corp. saw significant improvements in its refining safety performance in 2011 with both its total recordable incident rate (TRIR) and days away, restricted or transferred (DART) rate falling to about half of what they were the previous year. CITGO excelled in…
Kroger Expected To Build Gas Station In Michigan
Kroger aims to clean up a Michigan township by adding new business to the area. Kroger is expected to open a new gas station by the end of 2012 on a property it owns in Ypsilanti Township, Mich., according to Ann Arbor digital media company news. The new gas station will measure nearly one acre on a…
Gasoline Prices in Uptrend Through Labor Day
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline prices made sharp gains in late July, early August, and there’s more upside left in the cash market, which will filter through to retail outlets across the U.S. Absent a steep selloff, retail gasoline prices are poised to move higher in most U.S. metropolitan…
New Jerky Tastes
Golden Island Jerky Co., a leading producer of jerky products based in Southern California, plans to launch six new flavors of jerky, made in America and inspired by flavors from around the world. Golden Island’s latest flavors include the following: hickory black pepper (beef), chili lime (beef), mandarin orange (beef), teriyaki (pork), grilled barbecue (pork)…
Pilot Flying J CEO Buys Cleveland Browns
Cleveland Browns announce Jimmy Haslam, Pilot Flying J CEO, as the new team owner today to locals. Pilot Flying J CEO Jimmy Haslam officially bought the Cleveland Browns National Football League (NFL) team for $1 billion in a deal that and will be announced by the team owner at a press conference at 1 p.m.…
Reynolds America Inc. Entering New Tobacco Categories
Reynolds’ is launching an NRT gum made by its Niconovum pharmaceutical subsidiary, among other products. Reynolds American Inc. is preparing, within the next six months, to delve into several categories, including vapor (likely electronic cigarettes), nicotine-replacement therapy (NRT) and nicotine extract products, such as lozenges, Winston-Salem Journal reported. Reynolds also plans to launch new styles…
French Vanilla And Caramel Bar
Milky Way Brand French Vanilla and Caramel Bar combines caramel, French vanilla-flavored nougat and milk chocolate for a unique sensation. The new offering expands the brand’s reach, and invites c-store retailers to test a new flavor from a well-known brand. It’s the brand’s first new flavor offering in three years. The new Milky Way will…
Walgreens Decreases Sales In July
Walgreens experiences slightly fewer sales in July 2012 compared with July 2011. Walgreens announced a 3.7% decrease in July sales from the same month in fiscal 2011. The company reported sales of $5.59 billion in July 2012 compared with the $5.81 billion from July 2011. Compared with prior months during this calendar year, July sales…