P. A. (Andy) Weber, senior vice President of NRC Realty Advisors LLC, has been named chief restructuring officer for Appalachian Oil Co. in Blountville, Tenn, which filed for Chapter 11 bankruptcy earlier this year. In his role, Weber will be responsible for all operational and financial matters of the company as well as all [...]
The Pantry Inc., the leading independently operated convenience store chain in the southeastern U.S., said it reached a deal to acquire 40 convenience stores from Herndon Oil Corp. The Sanford, N.C., chain also announced it repurchased $26 million in principal amount of outstanding bonds. The acquisition, which will include the real estate underlying 32 [...]
Wesco, a chain of more than 50 convenience stores and gas stations across Michigan, is one of the busiest retailers in the Midwest in terms of the volume of individual credit card transactions they process. When embarking on the PCI compliance road, Wesco made a strategic decision based on their commitment to their customers: to [...]
Dunkin’ Donuts said today that the Louisville market will be one of its key franchise development markets in 2009, with plans to develop multiple new restaurants over the next several years. The targeted growth markets are Louisville and Evansville, central Kentucky, and counties in southern Indiana. Dunkin’ Donuts’ development in Louisville and the recent [...]
Southcorp Capital Inc., a marketer in the business of owning, operating and acquiring good quality gas stations and convenience stores throughout south and central Florida, said it plans to begin introducing new stores to the market commencing on the third quarter of 2009. The new proprietary brand name will be Petrofast. Stores will have [...]
Looking to snag breakfast customers away from convenience stores and quick-service competitors, Denny’s is expanding a test of its Fresh Express grab-and-go concept and adding drive-throughs to two franchised units, according to Nation’s Restaurant News. Denny’s Fresh Express, a 200-square-foot, grab-and-go counter situated inside a traditional full-service unit, features hot and cold beverages and sandwiches [...]
Tidel Engineering, a leader in cash Management systems and robbery prevention products, announced an exclusive agreement for Loomis Armored to deploy Tidel’s leading edge Sentinel electronic cash management systems for its SafePoint product line in the U.S. market. While Loomis will continue to provide service for SafePoint legacy customers with installed equipment from different manufacturers, [...]
By Brian L. Milne, Refined Fuels Editor for DTN Gasoline prices will edge higher at most retail locations in major metropolitan regions in the U.S. through mid-April following an increase in costs passed through from wholesale markets earlier in the month. The change in pump prices will be mixed, depending on regional supply [...]
A new economic impact study shows America’s beer industry, made up of brewers, beer importers, beer distributors, brewer suppliers and retailers, directly and indirectly contributes more than $198 billion annually to the U.S. economy. The study, commissioned by the Beer Institute and the National Beer Wholesalers Association (NBWA), also shows that the industry provides nearly [...]
Daily’s Convenience Stores, a subsidiary of Tri Star Energy, has selected KSS PriceNet and PriceNet Web to provide day-to-day fuel price management and optimization at 104 sites in Mid-Tennessee and Southern Kentucky. The Nashville, Tenn.-based company purchased PriceNet in order to respond quickly to changing oil prices and help its sites maintain profitability despite [...]
Long time Shell marketer Joe Mamo of DAG Petroleum Suppliers LLC has completed the purchase of 19 Shell gas stations and conveneince stores in Arlington and Alexandria, Va., The sites were acquired through two newly formed and related companies, NOVA Petroleum Suppliers and Nova Properties. “We look forward to integrating these newly acquired sites [...]
Looking to snag breakfast customers away from convenience stores and quick-service competitors, Denny’s is expanding a test of its Fresh Express grab-and-go concept and adding drive-throughs to two franchised units, according to Nation’s Restaurant News. Denny’s Fresh Express, a 200-square-foot, grab-and-go counter situated inside a traditional full-service unit, features hot and cold beverages and [...]
Hunt Brothers Pizza has partnered with Richard Petty Motorsports for the 2009 NASCAR racing season. The Nashville, Tenn.-based company will serve as a primary sponsor of the No. 44 car driven by AJ Allmendinger, one of the sport’s hottest drivers, who is currently ranked 15th in the Sprint Cup points standings. The Hunt Brothers-sponsored Dodge [...]
Stripes, the convenience store division of Susser Holdings Corp., is now carrying Coinstar’s full range of Pay As You Go products and services at more than 500 locations in Texas, Oklahoma and New Mexico. Coinstar’s complete Pay As You Go solution features national and regional prepaid wireless programs, long distance cards, gift cards, digital entertainment [...]
The address hasn’t changed, but the new Rutter’s in Wrightsville is miles in size and appearance from the convenience store that preceded it. Rutter’s closed and razed the original store in March to make way for the replacement store built next to it. At 5,125 square feet, the new store is nearly 80% larger than [...]