By Brian L. Milne, Energy Editor, Schneider Electric Wholesale gasoline costs were mostly lower at major metropolitan markets across the U.S. coming into December, slipping on building supply and weaker demand, with gasoline consumption failing to get a sizeable jump during the Thanksgiving holiday. Implied gasoline demand did reach weekly summer demand levels leading up [...]
Israel and Palestinians in the Gaza Strip may not be oil producers, but the conflict between the two groups has elevated the geopolitical risk premium for the oil-rich Middle East region over concerns of supply disruptions should hostilities spill out to other countries. Israel launched air strikes against Hamas targets in Gaza in mid-November following [...]
Domino Food and Fuel Inc. (www.dominocstores.com), a subsidiary of Clinton, Okla.-based Elmer Smith Oil Co., and PeopleMatter, a comprehensive human resources platform designed specifically for the service industry, announced a collaboration to automate HR processes using PeopleMatter HIRE. With 14 locations, the Oklahoma-based convenience store chain is happily throwing away all paper applications to embrace [...]
By John Lofstock, Editor It’s been a busy year filled with accolades for venerable industry icon Richard Salinsky. With more than 50 years of experience and dedication to the industry, Salinsky was honored earlier this year with the prestigious Distinguished Marketer Award from SIGMA, the Society of Independent Gasoline Marketers of America (SIGMA). Now, the [...]
NACS announced the election of five retail members to serve on its Board of Directors. The new Board members assumed their positions during the NACS Board of Directors meeting at the NACS Show in Las Vegas. The NACS Show is ranked one of the 50 largest annual tradeshows in the U.S. The NACS retail members [...]
Maverik Executive Vice President Brad Call tells CSD the leadership team and direction of the company remains unchanged. By John Lofstock, Editor FJ Management Inc., formerly known as Flying J, reached a deal to acquire a majority interest in North Salt Lake City, Utah-based Maverik Inc. Maverik, which was founded nearly 60 years ago, has [...]
Aggressive expansion of sales team to serve growing client base across the country. Acumera, a provider of trusted connection services for convenience stores, is expanding its sales team. The company has hired two new senior directors of sales, Tom Boldt and Dennis Jensen, who will help accommodate Acumera’s growing client base across the U.S. Boldt, [...]
By Jim Callahan With the 2012 NACS Show now just days away, here are some tips, thoughts and reminders to enhance your NACS Show experience. Beyond the night life, parties, shows and the glitter of the Las Vegas lights lies, by far, the best and most comprehensive trade show and conference in the industry for [...]
As a holiday gift to customers, PumpPal members get a 10-cent club price discount. Parker’s has officially rolled back gas prices for PumpPal members by 10 cents at all 27 Parker’s locations in Georgia and South Carolina through the end of the year as a special thank you to customers. The 10-cent club price discount [...]
Management Science Associates’ (MSA) Managing Director, Suzy Silliman along with SmartRevenue’s Candace Adams, presented “The Drivers of Retailer Loyalty in the Convenience Channel” at the 4th Annual Shopper Technology Institute’s LEAD Marketing Conference in Chicago this week. The conference, with more than 200 retailer and CPG executives, is the only cross-channel collaborative event for retailers [...]
The tax bill for a spinoff is reportedly less than the tax bill for an outright sale. As would-be buyers eye a chance to bid on Valero Energy Corp.’s Corner Store chain, after it was announced the company plans to divest the stores, San Antonio Business Journal has reported that Valero could instead opt to [...]
Craft on draft is showing up in more and more convenience stores as consumers drive the demand for this niche brew program. Pat Pape, Contributing Editor. Despite restrictions on where and how it can be sold, growler beer is a rapidly growing segment of the beer category, and convenience store operators are getting in on [...]
Georgia chain debuts on Inc. magazine’s celebrated list of fastest growing companies. By Erin Rigik, Associate Editor. The Parker Cos. Inc., with 27 convenience stores throughout southeast Georgia and coastal South Carolina, has scored the No. 3006 spot on the annual Inc. 500/5000 Fastest Growing Companies list. It’s the first time the c-store chain has [...]
Two Minnesota companies team up with launch My Cub Rewards Program beginning Sept. 30. Cub Foods and Holiday Cos.—both based in Minnesota, are joining forces to deliver big fuel savings and increased value on everyday grocery purchases to consumers through the launch of the My Cub Rewards Program. Cub Foods consumers who use the new [...]
Wholesale gasoline costs moved mixed in very choppy trading during the third week of September, with the benchmark futures contract slumping to a six-week low at one point before rebounding on renewed optimism for the global economy amid central bank stimulus measures. A huge build in crude stocks reported by the Energy Information Administration for [...]