New Shell Nitrogen Enriched Gasolines address changes in car engine technologies and consumer needs. Shell is launching its new Shell Nitrogen Enriched Gasolines to address the increasing need for engine protection. With advanced engine technologies coming to the market and with consumers holding on to their existing vehicles longer, it is becoming increasingly important for
Smart safes are getting smarter and so are the convenience store operators who use them. By Howard Riell, Associate Editor It’s all about the money, so handle it intelligently. Having a smart safe—and training employees to use it effectively—relieves a lot of the traditional headaches associated with handling cash, according to Los Angeles-based retail security
The KRAFT YES Pack, an innovative dressings package introduced in January 2012 by Kraft Foodservice, is designed to deliver maximum yield with greater ease. Made from flexible yet durable plastic, the YES Pack allows operators to easily squeeze out up to 99% of the dressing inside without creating any inconvenient mess for the user. The
BP Products North America looks to revitalize its U.S. retail brand. BP Products North America Inc. has rolled out plans to reclaim the title as the number one fuels marketer east of the Rockies at the 2012 BP Amoco Marketers Association (BPAMA) Convention and Business Expo—an annual gathering of BP marketers taking place in Florida.
By: John Matthews, founder and president of Gray Cat Enterprises Inc. If you feed them, they will come…. One of the most successful local store marketing (LSM) tactics to build into your daily operations is a sampling strategy for your products. If your retail establishment is foodservice, your customers will want to taste the product.
“The investment creates an exciting resource that will become an asset to help us connect with and deliver great advancements to our valued customers,” says Bolla Oil CEO. Bolla Oil gas station and convenience store locations, located in the New York market, are adding inOvationTV to more than 40 sites, some of which will be
Three new stores are set to be built this fall and 20-25 new Arkansas locations are anticipated over the next five years. Kum & Go has announced aggressive expansion plans into Arkansas, where the chain plans to invest $70-80 million in the next five years and aims to create approximately 150 new jobs by the
NRC Realty & Capital Advisors, LLC (NRC) has arranged a $46 million senior secured credit facility for GPM Investments LLC (GPM) through an affiliate of Bayside Capital Inc. The Bayside facility will replace existing loans as well as provide additional operating capital. GPM is owner of the Fas Mart and Shore Stop chain of
After Casey’s shareholders rejected Couche-Tard’s nominees for the board of directors last week, and instead reelected its standing board, analysts are weighing in on whether or not Couche-Tard is out of the game and whether 7-Eleven will come through with a bid. U.S. billionaire and hedge fund manager Steven Cohen, founder of SAC Capital Advisors
Alimentation Couche-Tard Inc. has responded to Casey’s General Stores Inc.’s rejection of its increased tender offer from $36 to $36.75 per share in cash, which was announced on July 22, 2010. “We are disappointed that the Casey’s Board of Directors has rejected our increased $36.75 cash offer and has initiated a recapitalization for only 25%
Alimentation Couche-Tard Inc. has responded to the lawsuit filed by Casey’s General Stores Inc. in connection with Couche-Tard’s tender offer to acquire Casey’s for $36.00 per share in cash. “We believe this lawsuit is entirely without merit and we will vigorously defend against these baseless claims. We are disappointed that the Casey’s Board of Directors
Casey’s General Stores Inc. on Friday, June 11, filed a complaint in the U.S. District Court for the Southern District of Iowa against Alimentation Couche-Tard Inc., alleging that Couche-Tard violated federal securities laws in connection with its unsolicited tender offer to purchase all of Casey’s outstanding shares for $36.00 per share in cash. As announced
Kum & Go L.C. announced that Iowa State University is the 2010 winner of the Krause Challenge. Launched in 1998 by W.A. Krause, founder and chairman of Kum & Go, the Krause Challenge gives finance students at The University of Northern Iowa, Drake University, Iowa State University and the University of Iowa real world investment
By John Lofstock, Editor Under CEO Alain Bouchard, Alimentation Couche-Tard has grown to be one of the largest convenience store operators in world. The Laval, Quebec-based chain today took its boldest step to date when it commenced an all-cash offer to acquire Casey’s General Stores, the Iowa chain currently operating 1,513 stores throughout the Midwest.
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Gasoline prices at retail outlets across the country are again moving higher after the uptrend briefly stalled in several metropolitan markets with a downturn in wholesale costs. However, wholesale gasoline costs are again on the march higher, pushed up primarily by a bullish market sentiment. There
ExxonMobil and its employees donated more than $7.9 million to a total of 83 educational institutions across Texas through the ExxonMobil Foundation’s 2009 Educational Matching Gift Program. ExxonMobil employees, retirees, surviving spouses and directors made 1,718 individual contributions totaling over $2.3 million to institutions of higher education across Texas. ExxonMobil Foundation matched those donations with
Dallas-based 7-Eleven Inc. is ready to expand in Las Vegas, with 15-20 more stores in the next three years. Starbucks, meanwhile has closed 12 locations in the area, Las Vegas Review Journal reported. The c-store chain already runs 160 convenience stores in Clark County, Las Vegas, but recently hired a commercial real estate firm to
Valero Energy Corporation has reported a fourth quarter loss from continuing operations of $182 million, or $0.32 per share, excluding special items, of $155 million, or $0.28 per share. This compared to a fourth quarter 2008 loss from continuing operations of $3.2 billion, or $6.22 per share, excluding special items, of $795 million, or $1.53
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Better than a nickel decline in wholesale prices for metropolitan markets across the U.S. during the weekly period ended on Martin Luther King Jr. Day will arrest the rapid increase in retail gasoline prices seen since late 2009. The U.S. average retail price for regular grade
TOP PERFORMERS Subway McDonald’s HONORABLE MENTIONS Blimpie Burger King Arby’s Quiznos As foodservice becomes an increasingly important c-store offering for driving traffic, retailers face an important question: Partner with a with a known QSR that offers brand recognition and a proven track record, or invest the time and energy to build a program from the
Wanting to help save the world is admirable, but unless a real cost-savings can be realized convenience store operators seem to agree this economy is not the best time to be experimenting with “green” investments. The key to sustainability issues, then, is finding that balance, and that’s where several c-store chains are differentiating themselves. Scott
In order to support the convenience store industry’s forecasting and planning responsibilities for the new year, Convenience Store Decisions and Kleiman HR collaborated on their second annual human resources survey in order to provide some industry-wide insight into the actions others are taking—or planning to take—in the new year. The 2010 survey results include some