JEWEL-OSCO, a Midwest food and drug retailer, is celebrating Hispanic Heritage Month with its third annual VIP reception to honor the culture and significant achievements of the Hispanic community. The signature event, “Sabor de la Herencia Hispana,” is set for Wednesday, Sept. 22, 2010, at the National Museum of Mexican Art, 1852 W. 19th Street, [...]
Kerrville, Texas-based Quest Oil Corp. at the request of its shareholders and in response to numerous inquiries to the company after its acquisition of B&B Oil, has released a corporate overview on recent company developments. “Since the acquisition of B&B Oil by Quest, my team has been actively preparing inventories, replacing stock items, hiring work [...]
Brian L. Milne, Refined Fuels Editor, Telvent DTN Reduced driving demand following Labor Day typically presses gasoline prices lower in September. There have been exceptions, such as when supply disruptions caused by a hurricane occur, with September the peak period for storm activity in the Atlantic Basin. US drivers should brace for another run higher [...]
Alimentation Couche-Tard Inc., through its wholly-owned indirect subsidiary, Mac’s Convenience Stores LLC, is set to acquire 12 stores in the Indianapolis, Ind., area from Crystal Flash Petroleum LLC, which operates under the “Crystal Flash” banner. The transaction is anticipated to close in September 2010 and is subject to standard regulatory approvals and closing conditions. According [...]
Casey’s General Stores Inc. has officially confirmed that it has entered discussions with 7-Eleven Inc., regarding a potential acquisition. On Sept. 2, 2010, Casey’s received an unsolicited preliminary proposal from 7-Eleven regarding a consensual transaction at $40 per share in cash. As disclosed in Casey’s Schedule 14D-9 filed with the Securities and Exchange Commission on [...]
York, Pa.-based Rutter’s Farm Stores has announced the final two winners of free gas for one year in its annual summer contest, “Fuel Up Free!” Charles Powers of Red Lion and Brenda Howard of Wrightsville are the seventh and eighth winners, respectively, in the contest, which ran from May 24 to Aug. 29. The other [...]
YoCream International Inc., a manufacturer and wholesaler of frozen desserts and beverages, has reported its financial results for the third quarter ended July 31, 2010. Sales for the three months ended July 31, 2010 increased 15.6% to $18,445,000. Sales for the nine months increased 12.1% to $41,721,000. Net income increased 25% to $2,141,000 for the [...]
Alimentation Couche-Tard Inc. has sent a letter to the Board of Directors of Casey’s General Stores Inc. in response to the chain’s announcement that it has authorized discussions with 7-Eleven involving a possible acquisition after repeatedly rebuffing Couche-Tard’s offers for the company. In the letter, the company expressed its dismay with Casey’s refusal to discuss [...]
The Category Management Association announces its 2010 Category Management Conference, set to take place Oct. 26-28, 2010 at the Georgia International Convention Center (GICC) in Atlanta. Supporting the event’s theme of “Strategy at Retail,” a variety of sessions and workshops will be available to attendees, which are focused on the latest in trends and best [...]
BP has rolled out the results of a four-month internal investigation into the causes of the April 20 blowout of its Macondo oil well in the Gulf of Mexico, which resulted in the Gulf oil spill. The company spread blame among its contractors, as it pointed to a “complex and interlinked series” of failures from [...]
Casey’s General Stores Inc. has released its first quarter of fiscal 2011 results ended July 31, 2010, and with it an announcement that it has signed commitments to acquire an additional 52 locations, which it anticipates purchasing by the end of the calendar year. Casey’s reported basic earnings per share of $0.73 and approximately $6.2 [...]
Thorntons has announced its new College Football Cup Challenge, taking place in Louisville, Ky., southern Indiana, and Lexington, Ky., store locations. The promotion began on Saturday, Sept. 4, coinciding with the college football game between the University of Louisville and the University of Kentucky. Thorntons’ stores now feature new 32-ounce fountain cups that say “Bleed [...]
By John Lofstock, Editor When Greg Ehrlich joined Certified Oil Co. in 2006, the company set myriad of goals aimed at upgrading the brand’s retail image, redesigning the convenience stores and developing a comprehensive loyalty program. With the projects complete, Ehrlich will step away from the day-to-day operations of Columbus, Ohio-based oil company and assume [...]
Rite Aid Corp. plans to add discount Save-A-Lot groceries to 10 of its stores in and around Greenville, S.C., as it tests out a partnership with Supervalu Inc., the Associated Press reported. The stores are set to be remodeled by October, and renamed Save-A-Lot Food Stores/Rite Aid Pharmacy. Rite Aid will own and operate the [...]
Despite 19 months without a minimum markup law on gasoline in Wisconsin-during which time customers enjoyed cents off per gallons and mom and pop stores continued to thrive-the law has been reinstated, the Wisconsin State Journal reported. On Friday, a federal appeals court brought Wisconsin’s minimum markup law on gasoline back from the grave, saying [...]