Auction to sell convenience store sites expected to interest private equity firms, as well as c-store operators. Valero Energy Corp. is selling its retail business, which is comprised of nearly 1,000 U.S. stores and some 775 units in Canada. The stores are being divested through an auction that could bring in more than $3.5 billion [...]
The Pantry appoints new senior vice president of operations. Pantry Inc. has announced that Joe Venezia is joining the executive leadership team as senior vice president of operations. Venezia joins The Pantry from TitleMax. In his new role at The Pantry, he will lead the company’s store operations and be focused on driving sales, improving [...]
Hot oatmeal can deliver some cool breakfast profits for today’s savvy c-store operators. Curtis can help you capitalize on this popular trend with the new Café Oat3 Oatmeal Dispensing System. With digital precision, the unit optimizes the blending of hot water with all natural oats to consistently create great tasting oatmeal. Exact measurements are combined [...]
“It takes vision and confidence in your strategy” to be a Golden Chain Award winner, says Randall Friedman of Nation’s Restaurant News. Sheetz President and CEO Stan Sheetz has been honored and named a 2012 Golden Chain Award winner by Nation’s Restaurant News for demonstrating overall business performance and growth. Sheetz will be presented the [...]
nCircle, leader in information risk and security performance management, announced the release of PureCloud Enterprise, a cost-effective scanning solution that assists with security visibility. Scan results can be seamlessly integrated into nCircle Suite360 Intelligence Hub to provide a single view of security risk. Pricing for the product starts at $2,417. The product offers the following [...]
Sale expected to close Sept. 15. Israel-based EZ Energy Ltd. is selling its U.S. gas station and c-store operations for $64 million to a foreign operator, whose name has yet to be disclosed, Globes reported. The proceeds derived from the sale are expected to cover all the company’s debt to Israeli bondholders and the loans [...]
Maximizing time spent right in your own stores is an investment that always pays off. By Jim Callahan. One of the common traits among top quartile chains is that we all invest a lot of hours in our businesses. For all of us, there is a finite number of hours that we can work and [...]
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Gasoline prices in spot market trading following the Memorial Day weekend were moving higher alongside an advance by gasoline futures known as the Reformulated Blendstock for Oxygenate Blending contract that trades on the New York Mercantile Exchange. Trading has been relatively thin so far in post-holiday [...]
By John Matthews, president of Gray Cat Enterprises. As you have probably gathered from reading my other articles, I am a firm believer in planning for success. Whether it is operational excellence, de-branding a store or outlining your procedures and policies, prudent planning creates stronger execution and efficiency. While planning may come second nature to [...]
Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline prices moved sharply lower during the third week of April, coming under heavy selling pressure as those in the market not hedging liquidated long holdings on growing sentiment that there will be enough supply this summer to avoid a tight market. There were a handful [...]
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 [...]
While there are those who would like to see cigarettes go up in smoke, c-store operators can rest assured that this critical category will continue to be ablaze with activity. “Among the trends I see for 2012 is that there is going to be continued or heightened competition among the second tier brands,” said Bonnie [...]
Casey’s takes on a 12th state as it prepares to break ground on its new Kentucky store. Casey’s General Stores Inc. has announced that the company has completed its final due diligence and will break ground on its first site in Kentucky later this month. This store will be located in Cadiz, Ky. and will [...]
Kroger Co., the Cincinnati-based operator of 791 convenience stores, 1,100 supermarket fueling stations and 2,435 grocery stores, has hired Suzanne Lindsay as director of sustainability, a new position leading the grocer’s sustainability initiatives. Lindsay, who previously created and led the sustainability efforts at PetSmart Inc., will lead Kroger’s Sustainability Leadership Team. “We have made substantial [...]
By Brian L. Milne, Refined Fuels Editor, Telvent DTN The Energy Information Administration’s (EIA) U.S. average price for regular grade gasoline spiked to a $3.721 gallon 8-1/2 month high on Feb. 27, and is poised for a further advance despite mixed wholesale costs in early March. Retail prices have never been this high this early [...]