The convenience store industry was hit hard by Hurricane Katrina, and many retailers are still recovering from the costliest natural disaster in U.S. history. Hurricane Katrina caused nearly $1 million in damages to a dozen Danny & Clyde’s convenience stores owned by Donna Cyprowski and Chris Rittiner, who took the chain’s reins from their fathers. [...]
Chevron Invests in Biodiesel FacilityChevron Corp., which operates 2,800 convenience stores, has invested through a subsidiary, Chevron Technology Ventures LLC (CTV), in a Houston-based company that is building one of the first large-scale biodiesel plants in the U.S. The facility will have the potential to produce 100 million gallons per year of this clean-burning renewable [...]
Thousands of carwash operators, equipment manufacturers and vendors filled the cavernous Las Vegas Convention Center to “clean up.” By Ross Markman, Retail Relations Editor Cruising the show floor at the annual Car Care Expo in Las Vegas, dozens of current and would-be carwash operators perused new products that caught their eye, considered the future of [...]
Circle K and Worsley roll out innovative programs to streamline costs and boost profitability. By John Lofstock, Editor With fuel prices soaring to record highs, marketers are desperately looking for software solutions that can help them manage the business more effectively. On the fuel supply side, tighter control of distribution could enhance margins and increase [...]
The carwash has matured from an ancillary service to a major profit center that could easily exist on its own. Matthew Jadali has it all figured out. Operating his third different Mobil location in the past dozen years, like most convenience store owners, he’s doggedly battling the deterioration of gas margins. His weapon of choice: [...]
Irving Oil fights backIrving Oil Ltd. (Saint John, New Brunswick) said it "will vigorouslydefend" a class-action lawsuit alleging that the chain overcharged consumerson fuel taxes in 2004. The suit was filed in February by Option Consommateurs,a Canadian nonprofit group. "We have received the legal papers and we are inthe process of reviewing them," Irving Oil [...]
American Auto Wash launches a proprietary fuel offering with plans to introduce it to franchisees in the Mid-Atlantic. In Greek mythology the griffin has served many purposes including the guardian of treasures and kings. Kevin Kan hopes his Griffin will represent similar riches. Kan, president and CEO of American Auto Wash Inc., rolled out the [...]
With credit card fees eating away at fuel margins, NACS is promoting an alternative. While in-store sales are flat, retailers’ biggest concern is profit margin erosion triggered by escalating credit-and debit-card processing fees. Beset by record-high gas prices over the past two quarters, convenience store and petroleum marketers are struggling to maintain profitability. In addition [...]
A look at the Fina brand 16 Years (200 CSD Issues) Later By Jeff Morris President and CEO, Alon USA Jeff Morris, president and CEO of Alon USA, reflects on the growth of the Finabrand since the company was profiled in the inaugural issue of ConvenienceStore Decisions 16 years ago. After reviewing the article about [...]
CSD survey finds marketing, communications and wireless technology are keys to unlocking future growth. By most accounts, 10 years really isn’t all that significant a span of time. But to suppliers of convenience stores, a decadeparticularly this past decadehas been monumental in the ongoing evolution of the c-store industry and the customers it serves. During [...]
Independent marketers with a thirst for alternative fuels find value and stability with GROWMARK’s FAST STOP brand. Doug Finkbeiner thought the sky might fall when a couple of big boxesopened up in Lapeer, a small town north of Detroit, last year. To counter thepresence of a new Meijer supermarket/fuel center and a Wal-Mart Supercenterwith a [...]
Some people say the U.S. can free itself from foreign oil dependence if it buys from the Midwest rather than the Middle East. Will the industry allow that to happen? Back in February, a gasoline distributor told Karen Riley, vice president of operations for nine-store Jiffy Mini-Marts Inc. (Terre Haute, IN), about an alternative fuel [...]
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To maintain uptime and reduce servicing, the latest generation of electronic power conditioners guards data in case of power failure or lockups in ATM systems. To maintain uptime and reduce servicing, the latest generation of electronicpower conditioners guards data in case of power failure or lockups in ATM systems. In the race to deliver 100% [...]