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…
M-PACT 2013 Fuels Minds, Boosts Business
Record-breaking attendance says it all–and this one’s for the history books. M-PACT 2013 brought together nearly 4,500 energy and convenience professionals from across the Midwest for three exciting days of innovation and inspiration. As the industry’s premier regional tradeshow, M-PACT combined thought-provoking educational sessions with top-notch networking opportunities so attendees left for home with ideas…
Convenience Store Sales Topped $700 Billion in 2012
The convenience store industry had record sales of $700.3 billion in 2012, with in-store sales increasing 2.2% to reach a record $199.3 billion and motor fuels sales increasing 2.9% to a record $501.0 billion, according to figures released yesterday by NACS. The industry’s 2012 numbers were announced at the NACS State of the Industry Summit,…
Wholesale Costs Set to Reverse March’s Lower Trend in Retail Prices
By Brian L. Milne, Energy Editor, Schneider Electric After four consecutive weeks with a decline, and 23 out of 29 days in which retail gasoline prices have fallen, higher wholesale costs could reverse the recent trend observed in March and push prices at the pump higher in early April. The Energy Information Administration (EIA) reported…
NACS Leadership Tackles Retail Challenges with Real Time Solutions
Customer engagement, the future of payment technologies, alternative fuels and the new legislative landscape highlight the 2013 Leadership Conference in Miami. By John Lofstock, Editor Convenience store retailers not in touch with the needs of their customers risk far more than losing repeat business and sales. They risk extinction as customers gravitate toward chains that…
Gasoline Prices Stirred Higher on Optimism
By Brian L. Milne, Energy Editor, Schneider Electric The American Petroleum Institute (API), the Washington, DC-based trade organization for the oil and gas industry, on Jan. 18 said at 8.7 million bpd U.S. gasoline deliveries in 2012 fell to their lowest level in 11 years, while down 0.4% compared with 2011. During 2012, gasoline demand…
Wholesale Gasoline Costs Mixed in Late September
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…
Ethanol Offering Stability
Isaac spares oil refineries in Gulf, yet prices continued to climb over Labor Day weekend. Over Labor Day weekend millions of Americans hit the open road, but with gas prices spiking toward $4 per gallon, many elected to stay home. The oil companies blame Hurricane Isaac for causing the sudden inflation, but the increases continue…
South Dakota Debates Sale Of 85-Octane Gasoline
South Dakota legislation continues to review rules on allowing the sale of 85-octane gasoline in the western half of the state. The proposed rule allowing the sale of 85-octane gasoline in western South Dakota is still in discussion as of Tuesday when a state legislative committee could not gain enough votes to approve or block…
Couche-Tard Acquires 29 Orlando, Fla. Stores
Alimentation Couche-Tard adds 29 c-store locations to its portfolio from Florida Oil Holdings. Alimentation Couche-Tard Inc. signed an agreement to acquire 29 stores in Orlando, Fla., from Florida Oil Holdings LLC through Couche-Tard’s indirect wholly-owned subsidiary Circle K Stores Inc. The transaction is anticipated to close at the end of August, and is subject to…