Busy year brings growth to c-store owner. Susser Holdings Corp., the Corpus Christi-based convenience store and gasoline distribution giant that operates Stripes stores, reported an 8.8% increase in merchandise sales and an increase in revenue for the first quarter. On Wednesday, the company reported a first-quarter net loss of $2.4 million, a 39% improvement from [...]
Company executive speaking at forum discussing combining store efforts with supplies and non-profits. Lynn Marmer, group vice president of corporate affairs for The Kroger Co.–owner of almost 780 c-stores across the country–will be a featured speaker at the Cause Marketing Forum’s fifth annual conference to discuss how corporations and non-profits can meaningfully measure their impact [...]
Company renegotiates terms and ups capacity. The Pantry Inc. has completed the expansion and renegotiation of certain terms of its senior secured credit facilities. The facilities include a $350 million term loan, increased from approximately $304 million previously, and a $225 million revolving credit facility, increased from $150 million previously. In addition, the agreement includes [...]
Reports of a gasoline leakage trigger strict regulations. The Department of Environmental Protection (DEP) this week ordered Getty Realty Corp. and Getty Petroleum Marketing to investigate and correct soil and groundwater contamination from three underground storage tanks at the Getty gas station located at 2100 Market St., Linwood, Penn. “Residents of this community need to [...]
Kum & Go offers one-day promotional sale to support biofuels. Kum & Go, with the help of Iowa Governor Chet Culver, a longtime advocate of cleaner-burning biofuels, kicked off a special promotion yesterday by offering E85 fuel for only $1.85 a gallon at its store at 715 Lang Creek in Grinnell. The event also celebrated [...]
Educational grant donated to encourage academics in New Orleans. Chevron Corp. will invest up to $4 million to support science education in selected New Orleans public middle schools through its “Energy for Learning” program. Energy for Learning will support grades six, seven and eight at various schools in the area. Students at these schools will [...]
Recent merger and taking the company public gobbled up revenues, profits. TravelCenters of America LLC has reported a huge loss for its first quarter, which ended March 31, due in large part to costs connected with going public. The company’s net loss in the quarter totaled $54.3 million. $45 million of the loss came from [...]
New loyalty program rewards customers at the pump. Murphy USA has joined Tempo Payment Inc.’s network, which is initiating a system-wide implementation of Murphy-branded PIN debit cards at more than 1,000 gas stations, with an initial rollout to 111 stores in Atlanta, Dallas and Houston. As a result of the substantially lower interchange fees it [...]
Deal also includes distribution to 278 stations. Tesoro Corp. has completed the purchase of Shell’s 100,000-barrel-per-day Los Angeles refinery and 278 operating stations. All 278 retail sites will remain Shell branded, but will be supplied by Tesoro. Tesoro has already assumed operational control of the refinery and has began overseeing responsibilities included the operations of [...]
Red Hed Oil stirs up interest in its packaged beverage category with a warehouse soda. by Kate Quackenbush ____________________________________________ While other companies consistently sell large quantities of non-alcoholic packaged beverages, Richmond, Ky.-based Red Hed Oil has always been a go-to place for beer. The company devotes four to five doors to beer, with just one [...]
Pennsylvania looks to collect taxes from Internet tobacco buyers. Thousands of Pennsylvanians who purchased cartons of cigarettes over the Internet or by mail order have been sent letters by the state Revenue Department informing them they owe taxes. The first batch of letters went out about two weeks ago to 4,300 people who are believed [...]
New supplying agreement signed with Chevron. The Pantry Inc. has executed a new gasoline branding and supplies agreement with Chevron, covering the 66 Petro Express convenience stores that The Pantry recently acquired in North Carolina and South Carolina. Under the agreement, all of the gasoline operations at the Petro Express stores will be converted to [...]
More than 100 retail managers released into early retirement. Valero will be releasing more than 100 managers on the retail end of its operations. The released managers, if they worked above the store level, will be offered early retirement. There are a total of 130 candidates eligible for early retirement, according to Valero spokesman Bill [...]
Plan brings stores into new Iowa market. Casey’s is setting up shop in Tiffin, Iowa and will be opening the doors to a new store by this summer, reports the Iowa City Press-Citizen. For the past few weeks, Casey’s has owned and operated the Suburban BP Amoco in Tiffin. By the end of the summer, [...]
PetroProperties & Finance coordinating the confidential sale. by John Lofstock ____________________________________________ Wholesale petroleum companies in five key markets have been put on the sales block, CSDecisions.com has learned. PetroProperties & Finance LLC of Coral Gables, Fla., is coordinating the confidential sale of the companies in Delaware, Georgia, Illinois, Pennsylvania and Texas. Citing confidentiality agreements, [...]