Oppenheimer Funds increases holding in the company to 10.21% The Pantry Inc.’s major shareholder, Oppenheimer Funds, has upped its holding in the chain from 5.94% to 10.21%, according to a U.S. Securities and Exchange Commission (SEC) filing. According to Yahoo! Finance, the move makes Oppenheimer the single largest shareholder in Sanford, N.C.-based chain, which has
Customers could save up to 60 cents per gallon through Oct. 18. Shaw’s Supermarkets and Irving Oil have revealed even more savings to be had by the 7,500 Shaw’s Reward’s customers. The two companied have launched an expanded month-long partnership that will provide gasoline discounts with every Shaw’s purchase. The program involves 57 Shaw’s supermarkets
Brandon Taylor of Ogden, Utah learned first hand today why using his KickBack rewards card pays in more ways than one. Taylor was selected as the 2007 National Grand Prize winner of a trip for him and his family to Hawaii courtesy of participating merchants in the KickBack Points Customer Rewards Network. He was awarded
Plans to boost refinery output at Tulsa plant by 60%. Sinclair Oil Corp. unveiled plans to increase gasoline and diesel production at its Tulsa, Okla., refinery by 60%. The expansion is scheduled for completion by late 2010 and will include the addition of a crude distillation unit that will raise processing capacity to 115,000 barrels
Confusion over timing of unpaid funds cause dispute. The Pantry is taking a pair of insurance companies to federal court, claiming the companies have ignored their responsibilities to pay out on costs The Pantry incurred after underground storage tank leaks. The Sanford-based chain said that American Safety Indemnity Co. of Georgia (ASI) and Gulf Underwriters
Alimentation Couche-Tard Inc. revealed that it will slow expansion in the U.S. this year by buying only 200 to 300 stores, but annual revenue will exceed $14 billion U.S., according to the Montreal Gazette. “We’ll ease up from last year’s torrid pace, but fill gaps in our regional coverage, continue to raise efficiency and add
At the request of Kansas Governor Kathleen Sebelius, ConocoPhillips will allow the sale of E-85 fuel in Kansas. Sebelius reached out to company executives in mid-August expressing Kansas’ commitment to the fuel blend. The production of the fuel creates a market for over 96 million bushels of Kansas sorghum and corn each year. “Kansas is
New proprietary brand enters into stores. 7-Eleven is adding to its proprietary wine segment with the new Sonoma Crest Cellars, a proprietary brand of premium wine to compliment the existing Thousand Oaks wine brand Sonoma Crest Cellars is produced by the Sonoma, Calif.-based Popcorn Wine Group and is available in chardonnay, merlot and cabernet sauvignon
Chain helps raise money for The Leukemia & Lymphoma Society. Wilson Farms Inc. has become the first local presenting sponsor for the Western New York & Finger Lakes Chapter of The Leukemia & Lymphoma Society’s “Light the Night” walk fund raising campaign. Rochester’s Light the Night walk will be held at Monroe Community College on
RJ Reynolds says “no changes in our promotional discounts.” Philip Morris USA said yesterday it is raising prices as falling U.S. shipments dampen profit growth. Philip Morris will reduce a promotional discount by 5 cents a pack to 35 cents on its Marlboro, Parliament, Basic and L&M brands, spokesman Bill Phelps said. It also will
7-Eleven renews long-standing sponsorship with Andretti Green Racing and No. 11 driver Tony Kanaan. 7-Eleven, Inc. extended its successful sponsorship with Andretti Green Racing (AGR) that will keep IndyCar Seriesracer Tony Kanaan in the Team 7-Eleven driver’s seat. The 7-Eleven/Andretti Green sponsorship, regarded as a model motorsports marketing relationship, enters its sixth year in 2008.
Hoshizaki America announces the manufacturing of the new Serenity Series Cuber Ice Machine, KMS-1230MLH. The KMS-1230MLH Crescent Cube Ice Machine is 75% quieter than traditional remote units. Serenity’s space saving design makes for an ideal installation on top of a beverage dispenser and the quality of ice will dispense easily in this application. The KMS-1230MLH
Reloadable cards are revolutionizing the prepaid wireless category and reaching out to new consumers. Convenience stores delvedinto the prepaid categoryyears ago by carrying long distance phone cards, long before the explosion of cellular phones. Today,the category has evolved into a distinctwireless display that caters to customerslooking for a commitment-free way to usethe latest cell phones.
Company goes to new lengths in order to fill a shallow labor pool. Alimentation Couche-Tard, Convenience Store Decisions’ 2007 Chain of the Year, has started a new campaign to bring new blood into its labor-starved Alberta market. The company has begun recruiting in Ontario and the Maritimes, offering enticements such as apartments and regular flights
New acquisition brings store count closer to the 100-unit mark. Road Ranger LLC has recently completed the acquisition of seven c-store and travel centers from four separate companies. Three stores from Dubuque, Iowa-based Dubuque Discount Gas were acquired earlier this month, and last month the company acquired a single store from Okawville, Ill.-based Karko LLC.
Locals left wondering why chain has no gas or Coke products. Ameristop is making local customers uneasy with one store–and possibly more–sporting both dry shelves and dry gas pumps. The problem was first noticed by a local news team in Wilder, Ken., which noticed a local store that had its fuel pumps wearing a sign
Jenkins retires after 40 years with the company. Publix Markets has revealed that Charlie Jenkins Jr. CEO of the company, will be retiring on March 29, 2008 after 40 years of service. Jenkins began his career in 1969 as the assistant to the vice president of real estate. In 1974, he became vice president of
Young adults, Hispanics eEmerge, charity rewards overrated, according to COLLOQUY. In era of loyalty program saturation, one size will no longer work for all. That was the key message delivered by loyalty marketing consultancy and publisher COLLOQUY. The group’s latest research views loyalty marketing through the demographics prism to yield these revelations: * A surprisingly
Houston task force says security cameras, clearing clutter could cut crime at the shops. Convenience store owners could reduce their vulnerability to crime by installing security cameras and clearing clutter from their windows, Houston Mayor Bill White’s Task Force on Convenience Store Security reported. The 38-member task force, comprising city officials, the Houston Police Department
Report finds the association spent $900K in the first half of 2007. NACS spent $900,000 lobbying the federal government in the first half of 2007, according to a recent disclosure form. The group lobbied on various pieces of legislation including those dealing with credit card fees, price gouging, underground storage tank funding, immigration reform, minimum
CPD acquires 18 stores and the supply agreements for 53 independent sites. Motiva Enterprises LLC, marketer of Shell-branded gasoline in the Eastern U.S., reached a deal to sell 18 gas stations and convenience stores in Connecticut to CPD Parent Properties LLC, a subsidiary of Chestnut Petroleum Distributors Inc., a New Paltz, N.Y.-based wholesaler and distributor.
Money to be used for developing new transplants surgery and research center. Valero Energy Corp. has donated $5 million to the University of Texas Health Science Center to create a distinguished transplant surgeon faculty chair and to support transplantation research, among other programs, according to the San Antonio Express-News. The donation is among the largest
More than $27,000 collected for charity. Des Moines, Iowa-based Kum & Go has raised more than $27,000 for the Lance Armstrong Foundation (LAF) during a recent fundraising push. Brenda Heeren, general manager of the Kum & Go store that raised the most donations, and Al Schwarz, district manager, earned the opportunity to deliver the check
GE Money and FleetCor to consumer and commercial cards. Chevron U.S.A. Inc. and Chevron Credit Bank, N.A., announced today that it has reached agreements to sell its consumer and commercial credit card businesses. Chevron has selected GE Money Bank, N.A. to own and operate its Chevron- and Texaco-branded consumer credit cards, and FleetCor Technologies Operating
Marketers offered lower processing rates through Sept. 30. ConocoPhillips said its temporary credit card processing fee reduction on all Visa, MasterCard, Discover and American Express transactions has been extended through Sept. 30. The oil company, which first announced the fee reduction on May 3, said the extension is aimed at helping its marketers compete more