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 [...]
Susser expects to use the proceeds to repay its parent company for capital expenditures. Susser Petroleum Partners LP’s common units climbed as much as 16% on their market debut, a day after the company priced its initial public offering slightly below the top end of its expected range, Reuters reported. Susser Petroleum Partners LP priced [...]
One-cent Bean Street Coffee greets customers. The Pantry Inc. is celebrating National Coffee Day on Saturday, Sept. 29 by offering a 12-ounce Bean Street Coffee for just one penny to every guest at its more than 1,500 Kangaroo Express convenience stores. Guests can shine up that penny in their pocket and stop by any Kangaroo [...]
The York, Pa.-based convenience store chain moves from the No. 27 spot it held in 2011 to No. 15 among fastest growing companies. Rutter’s Farm Stores has ranked No. 15 on the 16th annual list of the 50 top businesses making significant contributions to the growth, strength and success of the central Pennsylvania economy. This [...]
Winning Match 6 ticket worth $1.2 million marks the 27th winning ticket sold at a Rutter’s since April 2007. A jackpot-winning Pennsylvania Lottery Match 6 Lotto ticket worth nearly $1.2 million from the Sept. 13 drawing was sold at the Rutter’s Farm Stores at 35 N. Main St., Jacobus, York County. This is the second [...]
Sale includes 15 Buy-N-Fly gas stations. American Natural Retail has acquired Mon Valley Petroleum, a fuel retailer and distributor based in McKeesport, Pa. American Natural Retail is planning a fleet of upscale convenience stores and gas stations with compressed natural gas in the Pittsburgh region, Pittsburgh Business Times reported. The sale includes 15 Buy-N-Fly gas [...]
Casey’s General Stores posted a quarterly profit that exceeded estimations, helped by higher margins at its prepared foods and grocery businesses, and sending its shares up about 5% in extended trading, Reuters reported. Casey’s net income fell slightly to $39 million, or $1.01 per share, from $39.4 million, or $1.03 cents per share, a year [...]
While merchandise sales are up, the tobacco category remains a challenge, says chief executive of Couche-Tard. Canadian convenience store operator Alimentation Couche-Tard Inc.’s adjusted quarterly profit is up, boosted in part by recent acquisitions, stronger merchandise sales and higher fuel margins, Reuters reported. Net earnings for the company fell, however, due to one-time costs associated [...]
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Bucking the seasonal trend, the U.S. average for regular grade gasoline sold at retail outlets across the country will continue higher after the Labor Day holiday, increasing despite the end of the summer driving season when demand typically declines after peaking during the summer months. There [...]
Burgers, brats and sausages continue to drive sales among core convenience store consumers. By Howard Riell, Associate Editor Convenience dining is on the rise and the demand for sandwiches is jumping. Americans’ love of burgers, sausage and brats is creating plenty of opportunity for convenience stores, where lunch and dinner solutions anchor the menu. The [...]