By Brian L. Milne, Energy Editor, Schneider Electric U.S. retail gasoline prices fell to a five-week low Aug. 12, but the futures contract for gasoline then gained more than 6.0cts during the week-ended Aug. 16, with the 2.1% advance supporting higher wholesale costs in a number of metropolitan markets. A decline in pass through costs
Strongbow Cider, the No. 1 global cider brand, has the 2013 holiday season of entertaining and celebration clearly in its sights. This fall, Strongbow is taking the lead as the catalyst for “Golden” holiday experiences by inviting men and women, 21 and older, to choose Strongbow as the brand of choice to elevate their planned
The National Advisory Group (NAG), a convenience store trade association focused on small, mid-sized and family-owned businesses, has appointed John Lofstock as Executive Director. In this role, Lofstock will oversee all of NAG’s educational content, membership, the group’s annual conference and the Young Executive Organization (YEO). Lofstock will also continue to serve as Editor-in-Chief and
By Brian L. Milne, Energy Editor, Schneider Electric Although wholesale costs gained sharply Aug. 9 due to a late week rally by the benchmark futures contract, the trend for gasoline prices is pointed down for the rest of the summer unless some unexpected event, such as shut refining capacity, a geopolitical flare-up, or hurricane frustrate
By Brian L. Milne, Energy Editor, Schneider Electric Wholesale gasoline costs were mixed across the country’s major metropolitan markets during the week-ended Monday (8/5), with supplier offers in upper Midwest and most West Coast markets mostly lower from prior Monday. The mixed costs for retailers follow mostly positive data for the U.S. economy except employment
By Brian L. Milne, Energy Editor, Schneider Electric Wholesale gasoline costs were mixed with a downside bias for the week-ended Monday (7/29), pressured by a selloff in New York Mercantile Exchange Reformulated Blendstock for Oxygenate Blending futures from a four-month registered July 19. The mostly lower wholesale costs won’t, however, translate into lower retail prices
By Brian L. Milne, Energy Editor, Schneider Electric The Energy Information Administration’s (EIA) U.S. retail average for all grades of regular gasoline has more upside despite a sharp nearly 15 cents jump in the average during the week-ended July 15 and mixed wholesale costs across the country’s major metropolitan markets for the week-ended Monday (7/22).
Newcastle Brown Ale, the leading imported ale in the U.S., today announces that it is bringing back its popular Newcastle Werewolf limited edition brew just as the heat of summer fades to the cooler days of fall. On shelves from August through October, Werewolf is a dual-character, “blood red” ale that starts smooth and mellow
Dos Equis, the fastest growing premium Mexican beer in the U.S., is unveiling the details of this fall’s Masquerade program that will hit retail and on-premise accounts beginning September 1st. Set to coincide with this fall’s entertaining season, Dos Equis Masquerade entices consumers, 21 and older, to take their Halloween celebrations to a new level
The Salt Lake City-based chain will be honored at a private gala in Atlanta during The NACS Show in October. There are many common characteristics that comprise Convenience Store Decisions’ Chain of the Year winners. They are retail leaders, innovative marketers, committed to employees and completely driven by a service-first mantra to satisfy their customers.
Brian L. Milne, Energy Editor, Schneider Electric Gasoline prices in regional spot markets across the U.S. rallied during the second week of July, pushing higher on a host of features including two gasoline unit outages at Port Arthur refineries in Texas. The downed units came alongside data showing strong demand for gasoline, an unexpected decline
Through an exclusive two-year agreement with Caesars Interactive Entertainment, e-Swisher has been named the Official e-Cigarette of the World Series of Poker. Taking place at the Rio All-Suite Hotel & Casino in Las Vegas from May 29 to July 15, 2013, the 2013 World Series of Poker will have a record 480 poker tables spread
By John Lofstock, Editor There is a rather humorous story behind Simon and Garfunkel’s song Mrs. Robinson that goes beyond the art of seduction. In the popular song, the legendary musical duo asks, “Where have you gone Joe DiMaggio? Our nation turns its lonely eyes to you.” DiMaggio, of course, needed no introduction when the
A suburban Chicago gas station owner was sentenced to a two-year prison term for underreporting Illinois sales taxes by nearly $1 million. Illinois Attorney General Lisa Madigan and the Department of Revenue announced that it was one of the largest gasoline sales tax fraud cases since the state started cracking down on gas station owners
Sheetz Convenience Restaurants will break ground on its highly-anticipated new distribution and production center today in Burlington, N.C. A groundbreaking ceremony will take place at the site. Sheetz President and CEO, Stan Sheetz; Executive Vice President of Sheetz Distribution Services, Ray Ryan; and the new Sheetz Director of the Burlington Distribution Center, Frank Scott, will
The convenience store channel has long been a destination for immediate consumption purchases. However, the channel is undergoing a bit of a metamorphosis these days. Competition is heating up as convenience stores are pitted against other channels, particularly dollar and drug channels, for share of spending. In addition, two major sources of revenue and trip
The Pantry Inc., the leading independently operated convenience store chain in the southeastern U.S., has named its Kangaroo Express Salute Our Troops Flugtag Team to test gravity’s limits on a custom-made aviation machine in honor of our military service members and their families at the first-ever National Red Bull Flugtag competition in Miami on Sept.
Canadian convenience store Alimentation Couche-Tard reported a profit of $146.4-million (U.S.), up 24% for the fourth quarter, driven mainly by acquisitions, but the results came in below analysts’ expectations. In the U.S., Couche-Tard, which owns and operates the Circle K brand, also saw sales increases. Sales at established stores rose 2%, excluding tobacco products. Same-store
The Ontario Convenience Stores Association (OCSA) is applauding Canadian police for their recent seizure of cash, an automobile and 220 cartons of illegal cigarettes at a local convenience store in the Windsor, Ontario area. “The OCSA maintains that it is never acceptable to purchase or sell illegal tobacco products, nor do we condone this activity
The Kroger Co. reached a deal yesterday to acquire regional grocer Harris Teeter Supermarkets Inc. in a $2.5 billion deal, the latest in a string of grocery industry consolidations. The deal, approved by the boards of both companies, is expected to boost Kroger’s presence in the U.S. southeast. Competitors there include Publix and Wal-Mart Stores
Three-week campaign benefits 28 children’s hospitals across 14 states. Midwest and Great Lakes Circle K convenience store employees and customers showed their dedication to their community’s kids by raising a total of $1,237,500 for Children’s Miracle Network Hospitals, a charity that raises funds and awareness for 170 children’s hospitals. This year’s campaign increased 14% over
By Brian L. Milne, Energy Editor, Schneider Electric Retail gasoline prices dropped to winter levels in ushering in July, with the Energy Information Administration’s (EIA) U.S. retail gasoline price average sliding to $3.496 gallon July 1, the lowest the average has been since the end of January earlier this year. It’s odd in one sense
United Supermarkets LLC opened the doors to its 19th freestanding convenience store, a United Express location in Dumas, Texas. The 2,400 square-foot store is the company’s seventh freestanding convenience store and second in the Texas Panhandle area. Four stores are under the United Express banner and three are still under the Taste of Market Street
The Royal Dutch Shell Group has named its current refining and marketing head Ben van Beurden to become its new chief executive. Van Beurden will take the helm on Jan. 1, 2014, replacing retiring CEO Peter Voser. “Ben has deep knowledge of the industry and proven executive experience across a range of Shell businesses,” Shell