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Seibert’s Donates to BP’s ‘Fueling Communities’ Program

This past June, Seibert’s fueling stations was able to donate over $6,000 to the Richmond Mayor’s Youth Academy, giving the education and youth-based program more support for mentoring and training local children for post-secondary education or vocation. Now, with the support of BP’s “Fueling Communities” Program, the Richmond, Va.-based fuel wholesale, service station, towing and

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Retail Gasoline Prices Extend Lower Trend

By Brian L. Milne, Refined Fuels Editor, Telvent DTN On Monday (12/12), the Energy Information Administration (EIA) reported the fourth consecutive weekly decline in its regular grade gasoline average, which fell 1.6 cents from the prior week to $3.274 gallon. That’s a nearly 10-month low in the average, although its 10% higher than during the

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Lower Gasoline Costs Moving Through Downstream Markets

By Brian L. Milne, Refined Fuels Editor, Telvent DTN Most wholesale gasoline costs countrywide are moving lower as we march toward the end of the third quarter, with the current decline consistent with its historical pattern of falling prices as demand eases from the summer peak and production costs decrease with the transition to winter-grade

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Steep Losses in Wholesale Gasoline Costs Trimmed

Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline costs mostly moved higher through the week-ended Monday (8/15) in major metropolitan markets across the U.S., paring steep declines incurred earlier in August amid heavy selling that had gripped markets of all stripes, and reached the panic level at some points. Macroeconomic signals continue to

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Attracting and Keeping 18-34-Year-Old Consumers

Do you fully understand your core demographic of 18-34 year old shoppers? Wonder about their price sensitivity toward key products like foodservice and beverages? Join us at the 2011 National Advisory Group (NAG) conference, September 10-13th to hear an exclusive MSA report from its pioneering cciPanel, the consumer research field’s first mobile panel to capture

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Are Your Stores Compliant with the Americans with Disabilities Act (ADA)?

Is your chain meeting the rigid ADA compliance standards? Many operators think they, but are not and as a result find themselves facing federal fines and even litigation. Join us at the 2011 National Advisory Group (NAG) conference and hear from M. Bradley Gaskins, a leading accessibility architect who specializes in helping retail operators, including

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The Pantry Partners with Western Union

The Pantry Inc., which operates more than 1,600 convenience stores in 13 states, reached an agreement with Western Union to provide an in-lane money-transfer service, Western Union goCASH, at its Kangaroo Express Stores. The new service enables consumers to pay for a domestic or global money transfer while shopping at more than 1,650 Kangaroo Express

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National Coalition of Associations of 7-Eleven Franchisees Boosts Charitable Funding

The National Coalition of Associations of 7-Eleven Franchisees announced that it has helped raise nearly $750,000 this year for two of its charitable partners, Hire Heroes USA and the Muscular Dystrophy Association (MDA). Hire Heroes is a non-profit organization offering transition assistance, job search assistance and job placement services to those veterans injured or disabled

Construction Investments Slowing

It’s costing more than ever to build new convenience stores, according to the NACS’ 2009 State of the Industry report. This news comes at a time when the economy is dragging down sales and profits. As a result, operators face a crucial challenge as they try to grow business organically: build or renovate? The answer

Abundance at Bountyland

The U.S. Marine Corps’ Parris Island facility is roughly a five-hour drive southeast from Bountyland Quick Stop’s Westminster, S.C., headquarters.   That said, new suppliers en route to one of Bountyland’s 11 stores might want to drop by the Marine boot camp and let a drill instructor toss them around for a bit. It’ll spare

The Give & Take in Real Estate

Perhaps serendipity has placed Nikki DePhillips in an MBA program at The University of Iowa, a school whose wrestlers are known as some of the greatest in the nation.  DePhillips, recently promoted to vice president of real estate at the Iowa-based convenience chain Kum & Go, could probably drop by the Hawkeye wrestling room on

Pizza Inn Teams With Texas C-Store Chain

Pizza Inn Inc. has signed a multi-unit development agreement to open six new locations in the Houston market beginning in late summer 2008, the company said. The Dallas-based Pizza Inn awarded the franchise agreement to Four Star Foods, a subsidiary of King Fuels Inc., of Houston, which operates 40 convenience stores in that state. The

Shell Transitioning 20 Gas Stations To Nakash

Shell Oil Products U.S. is transitioning 20 of its branded gas stations in the Sacramento, Calif.-area to Nakash Enterprises LLC, the Houston Business Journal reported. Financial terms of the agreement were not disclosed. Nakash Enterprises is an affiliate of Vintners Distributors Inc., a California-based real estate development and management firm that already owns 22 Shell-branded

Pilot Opens New Travel Center in Tenn.

Pilot announced it will open a new travel center in Jackson, Tenn., on May 12. The new, 11,423-square-foot facility features six fuel islands, eight diesel islands, a CAT scale and seven showers. “We hope that Jackson area residents and fleet customers will welcome having our new travel center just around the corner,” said Jimmy Haslam,

Village Pantry Adds Nine Stores

Village Pantry Inc. has acquired nine convenience stores in central Ohio from Petro Acquisitions, Inc. The stores, formerly operated by AmeriStop Market, will be rebranded under the Village Pantry banner. Each store averages 2,700 square feet and, like most traditional convenience stores, offers quick snack items, lottery tickets, money orders, prepaid cellular and gift cards

Tesco Selects Four New Locations

Fresh & Easy Neighborhood Market, the U.S. unit of Britain’s biggest grocery retailer, plans to open four stores in the Sacramento area, according to liquor license applications with the state. The Sacramento locations named in the filings include 3311 Northgate Blvd. and 3615 Bradshaw Road. Two Folsom sites, 25000 Blue Ravine Road and 9522 Greenback

Building a Solid Foundation

The most extraordinary structure is only as strong as it’s weakest link. The same principle applies in business. The higher up the leadership chain that weakness exists the more likely the organization is to crumble. That’s why the companies that are succeeding in the market these days are controlled by innovators that aren’t afraid to

Betting on the Franchise

7-Eleven Timeline 7-Eleven Inc. began almost 81 years ago when a Dallas ice dock operator decided to add milk, eggs and bread in response to his customers’ needs. The company’s first expansion outside Texas was into Florida. The retailer entered the franchising arena in 1964 with the acquisition of Speedee Mart, a chain of franchised

Identifying More Effective Profit-Building Strategies

“In a business like cigars, where unit volume is growing 10% plus year-over-year, emerging strategic thinking in convenience retail suggests that retailers can grow even faster by employing a “price-for-volume” strategy for key products.” David Bishop, partner, Willard Bishop This summer, we examined how convenience retailers could manage the cigar category differently to realize above-market

Always Stay Prepared for the Worst

Several clients have recently challenged us to try to creatively refinance convenience mortgages tied to properties that were acquired over the last several years. These properties were purchased based upon high cash flow multiples of seven times or more–multiples that have become the norm with many transactions around the country. When considered in light of

Deal Brewing for Couche-Tard?

Alimentation Couche-Tard Inc., Convenience Store Decisions 2007 Convenience Store Chain of the Year, locked up a $131.4-million sale and leaseback deal with Cole Capital related to 83 properties of Circle K Stores Inc. and Mac’s Convenience Stores throughout the U.S. The Laval, Quebec-based convenience store operator said it would use the proceeds to reduce its

EZ Energy Raising Capital

EZ Energy Ltd.’s U.S. subsidiary EZ Energy USA Inc. has signed a letter of intent to sell up to 17 gas stations and convenience stores to a real estate investment trust (REIT) for up to $20.7 million. The properties were previously purchased from BP Products North America Inc. $15.5 million. EZ Energy will lease back

A Very Special Holiday Gift From Sheetz

Red Kettles are overflowing for one Pennsylvania chapter of The Salvation Army. Sheetz Inc. said it is donating its former convenience store and property in Chambersburg, Pa., to the Chambersburg Salvation Army, which already occupies an adjacent building. This gift immediately doubles the Corps existing property size and footprint, providing critical office space, the potential

motiva transitions rhode island assets

Colbea to acquire 34 Shell-branded stations and wholesale marketing agreements. Motiva Enterprises LLC (Motiva), the company that markets Shell-branded gasoline in the eastern United States, has accepted an offer from Colbea Enterprises LLC (Colbea) to acquire Motiva’s interest in 34 Shell-branded retail sites in the state of Rhode Island. Motiva holds a partial ownership position

lewis group acquires shell stores

Deal includes 10 stations and increases minority ownership of the fuel brand. Building on its commitment to increase minority opportunities throughout the Shell retail network, Motiva Enterprises LLC said The Lewis Group LLP (TLG) will acquire 10 of its Shell-branded convenience stores in the Houston marketer. “We are proud to be members of the Shell-branded

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