Bigger, better and more energy efficient, two new Express Mart stores wow customers. By Erin Rigik, Associate Editor. Express Mart is living up to its name, rapidly increasing its store count and expanding the size of its store footprint to outpace the competition.In just the first two months of 2012, Home Service Oil debuted two [...]
President Leo Vercollone accepts award during Nov. 3 ceremony. Duxbury, Mass.-based VERC Enterprises, a convenience store and Mobil/Gulf gasoline operator with 24 locations throughout eastern Massachusetts and New Hampshire, has been named by the Boston Globe as a recipient of its 2011 Top Places to Work award. VERC Enterprises was recognized as one of 100 [...]
Hess Corp. reported net income of $298 million for the third quarter of 2011 compared with $1,154 million for the third quarter of 2010. Key takeaways include: • Net income excluding items affecting comparability between periods was $379 million, compared with $429 million in the third quarter of 2010. • Net cash provided by operating activities was [...]
It’s been a challenging couple of years for convenience store operators, marked by wild fuel price fluctuations and exorbitant credit card fees. Despite the adversity, Chevron stood apart as one of the premier industry leaders. By advancing its Image Refresh program at ExtraMile convenience stores, growing the Texaco brand and introducing a no-fee credit card [...]
PCI compliance deadlines continue to barrel toward the convenience store industry, yet many operators are still not up to speed on precisely what they need to do, or how to do it. The Payment Card Data Security Standard (PCI DSS), developed by the PCI Security Standards Council and endorsed by American Express, Discover Financial Services, [...]
An otherwise tough year for convenience stores was balanced out by strong retail fuel margins from the unprecedented drop in wholesale fuels prices during the fourth quarter of 2008, according to National Association of Convenience Stores’ (NACS) 2009 State of the Industry report. However, credit card fees continue to take a toll on industry profitability. [...]