Provides update on progress against growth initiatives. In a presentation today at the 2013 Consumer Analyst Group of New York (CAGNY) conference, John Bilbrey, president and CEO of The Hershey Co.; Humberto Alfonso, executive vice president, chief financial officer and chief administrative officer; and Michele Buck, senior vice president and chief growth officer; reviewed the [...]
The grab-and-go business is constantly evolving. Today’s customers not only want their foodservice fast, but they expect quality, consistency and healthy daypart options. By John Lofstock, Editor. Convenience store operators are driving sales of healthy, portable foodservice offerings like packaged sandwiches, wraps, salads and some roller grill items. But, historically, the industry has seldom gotten [...]
Most of the sites for sale are located in the Greater Nashville market. Tri Star Energy LLC of Nashville, Tenn. announced yesterday that it is conducting a strategic divestiture of 22 convenience stores and retail gasoline outlets and three parcels of undeveloped land in Tennessee. Today, the location of the sites for sale were announced [...]
C-store outlook positive for 2013. Visits to convenience stores increased by 4.6% in the fourth quarter of 2012 compared to the same quarter a year ago, reflecting positive movement in some key economic indicators and lower gas prices in the last quarter of the year, according to The NPD Group, a leading global information company. [...]
By: Brian L. Milne, Energy Editor, Schneider Electric. The Energy Information Administration’s (EIA) U.S. average price for all formulations of regular grade gasoline sold at retail outlets jumped another 7.3 cents through the week-ended Feb. 11, which was the eighth consecutive weekly increase in the national gasoline average. Since Dec. 17, when the U.S. average [...]
Program to provide additional savings to Fuel Rewards Network cardholders when new driver Joey Logano wins. It’s a good year for “22.” Shell is bringing back its popular WINsday promotion for the third consecutive year to save Shell $aver Cardholders money on their fuel purchases. Every time 22-year-old Joey Logano, driver of the No. 22 [...]
“We can see what our customers need and want, and now have the ability to quickly react to those changing needs,” says Honey Farms’ executive vice-president. Honey Farms Inc., with 36 locations in Massachusetts and New Hampshire, officially rolled out OpenStore earlier this month, and the free Honey Farms Inc. mobile app is worth the [...]
From mystery shoppers to checklists, creating benchmarks for employees and evaluating their success can curb customer complaints. By Erin Rigik, Associate Editor. A Harris Interactive survey compiled in 2011 revealed that 94% of U.S. adults would avoid a business in the future if they encountered dirty restrooms. And with foodservice infiltrating convenience stores at a [...]
Consumers are trading up to higher margin, premium coffees and teas. By Marilyn Odesser-Torpey, Associate Editor. While coffee remains the workhorse of the morning daypart, a growing number of consumers are looking for their cups to come with a pedigree. The New York-based National Coffee Association (NCA) reported that almost half (46%) of all cups [...]
The Convenience Store Decisions case study series examines how experts in and around the industry identify and overcome challenging operating scenarios. By John Lofstock, Editor. Sometime late last year I sat down with several members of the Convenience Store Decisions Editorial Board looking for new ideas that could help our readers think outside the box [...]
XL Energy Drink, the vibrant and tasty, lightly-carbonated drink, hit the U.S. market in New York in 2006. Today, XL is represented in more than 50 countries all over the world, including the U.S., major European countries as well as in Africa and Latina America, selling over 130 million cans per year. In January XL [...]
Hoshizaki America Inc. was recognized by Foodservice Equipment Reports Publication as Best in Class for Ice Machines for the 4th consecutive year by operators. Hoshizaki has won the last six of seven years. In previous years, Hoshizaki has won Best in Class by both operators and consultants in the Ice Machine category. Hoshizaki is committed [...]
Deal includes 29 company-operated assets and 29 wholesale assets. Alimentation Couche-Tard’s wholly-owned indirect subsidiary, Mac’s Convenience Stores LLC, has acquired Belleville, Ill.-based Dickerson Petroleum Inc. & Retail Entities. Dickerson operates retail and wholesale assets in three states: Illinois, Missouri and Oklahoma. The company’s assets purchased by Couche-Tard include 29 company-operated retail units and 29 wholesale [...]
The Fuels Institute plans to commission and publish comprehensive, fact-based research projects that address the issues identified by affected stakeholders. The Fuels Institute has announced its Board of Directors, the election of officers and the appointment of its executive director. Incorporated last week in Virginia, the Fuels Institute is a non-profit, research-oriented think tank dedicated [...]
A photo-op with vice president Dan Quayle changed Phuong Duong’s life. New 7-Eleven franchisee Phuong Duong ‘s journey to become an independent business owner may be longer than most, beginning almost 30 years ago in war-torn Vietnam and a treacherous boat ride to Malaysia in 1985 with her parents and two siblings. By way [...]