Core-Mark Holding Co. Inc.’s Board of Directors has declared a quarterly cash dividend of $0.17 per common share. The dividend is payable on June 15, 2012 to shareholders of record as of the close of business on May 25, 2012. Core-Mark is one of the largest marketers of fresh and broad-line supply solutions to the…
Mark Bierley Resigns From The Pantry
As The Pantry searches for a new CFO, Berry Epley, vice president and corporate controller, will assume Bierley’s responsibilities until a successor is found. The Pantry Inc. an independently operated convenience store chain in the southeastern U.S., announced today that Mark Bierley, the chief financial officer (CFO) of the company, is resigning effective May 25,…
BP Stations Running Out of Gas in New England
A fuel distributor with ties to Getty Marketing has been cutting back on deliveries over the past few weeks causing more than 200 BP gas station owners across New England to struggle to keep their doors open. Some have started to run out of gas altogether. All of the region’s BP stations have been affected,…
Casey’s Strong 2nd Quarter
A favorable gas margin and strong inside sales, give Casey’s a 15.6% increase in total gross profit for the fiscal Q2 2012. Casey’s General Stores Inc. has reported it’s second quarter results for fiscal 2012. The company reported $0.99 in basic earnings per share for the second quarter of fiscal 2012 ended Oct. 31,…
Details Emerge On Getty Petroleum Marketing Bankruptcy
“We welcome the fact that the process will now have structure and the supervision of the Bankruptcy Court to protect the value of our estate,” says Getty Realty Corp. CEO. Getty Realty Corp. has announced that Getty Petroleum Marketing Inc. (GPM), the company’s largest tenant, has filed for Chapter 11 bankruptcy protection in U.S. Bankruptcy Court,…
Healthful Food Choices A National Issue
In his FY 2011 budget proposal, President Barack Obama addressed the need for bringing healthy food options to underserved communities by calling for more than $400 million in investments in new and expanded supermarkets, farmers markets and other food stores. The public-private grant and loan program would dramatically reduce the roughly 23 million Americans who…
Fighting Credit Card Costs
Is there relief ahead for exorbitant credit card fees? The answer is yes. But first, there’s a fight to be fought. According to NACS in Alexandria, Va., credit card payments have grown from 21% of transactions in 1995 to 49% today, with the trend expected to grow to more than 50% by next year. The…
Safe at the Store
The times necessitate that store systems do more–and few store systems are more crucial to a retailer’s success than cash handling and security. While retail technology has focused on point-of-sale (POS) systems that integrate everything from transaction accounting to inventory management, one of the most recent areas of opportunity involves the integration of cash handling…
Prepaid
TOP PERFORMERS PaySpot Inc. Coinstar Inc. Verizon HONORABLE MENTIONS InComm AT&T With the economy bogged down in a recession and job losses at the highest levels in decades, spooked consumers are no doubt learning to live on less—less money, less credit and less frivolity. Prepaid solutions—whether it’s wireless sales, debit card transactions, gift cards and…
The Tax Train Keeps Rolling
January could not end soon enough. The industry hasn’t seen such a tumultuous month since November 1998 when Congress first turned to tobacco as its financial panacea. Big Brother was at it again last month with the U.S. Senate passing the State Children’s Health Insurance Program (SCHIP)—including all of the cigarette and tobacco tax rate…