Agreement Reached On Interchange

Assistant Senate Majority Leader Dick Durbin (D-IL) and key conferees have reached an agreement on the Wall Street reform bill, regarding his amendment regulating interchange fees, NACS reported. The agreement makes minor, clarifying changes to the language, which passed the Senate 64 to 33 on May 13, and responds to concerns raised by state governments

Pye Promoted At Just Born Inc.

Bethlehem, Pa.-based Just Born Inc., a confectionery manufacturer, has promoted Matthew Pye to vice president of brand development and corporate services. Pye returns to Just Born headquarters from North Carolina where he has been heading up the company’s Southeast Sales Division since 2006.  In his new role, Pye reports to Matthew Petronio, COO and executive

7-Eleven Looks To Las Vegas

Dallas-based 7-Eleven Inc. is ready to expand in Las Vegas, with 15-20 more stores in the next three years. Starbucks, meanwhile has closed 12 locations in the area, Las Vegas Review Journal reported. The c-store chain already runs 160 convenience stores in Clark County, Las Vegas, but recently hired a commercial real estate firm to

New Cigarette Rules Proposed Today In New York

This afternoon, the state tax department of New York will issue regulations to collect taxes on cigarettes sold by Indian retailers, The Buffalo News reported. The new plan looks to collect the tax “upstream” rather than from Indian retail shops. Tobacco manufacturers will be required to sell cigarettes only to licensed stamping agents, certifying that

Anheuser-Busch Eliminates 90 Positions

Anheuser-Busch InBev NV’s U.S. division cut about 90 jobs in its sales division Thursday, including several vice presidents, some 350 other layoffs are occur in the coming months as part of the company’s restructuring, The Wall Street Journal reported. The job reductions linked to the reorganization are intended to help the world’s largest beer maker

Consumer Trends To Watch In 2010

The International Dairy Deli Bakery Association (IDDBA) has released “What’s In Store 2010″, a trends report that reveals which consumer shopping trends will have the most impact in the next five years. According to the report, the demand for low prices, health and wellbeing, convenience, sustainability, and food safety and quality are the trends to

NACStech Announces Keynote Speaker

Professional comedian and motivator Don McMillan is scheduled to be the keynote speaker at NACStech, the premiere technology solutions event for the convenience and petroleum retailing industry, NACS reported. NACStech will take place May 5-7, 2010, in New Orleans. McMillan will combine his technical experience and humor during the event’s Opening General Session talk. At

Kwik Pik Closes on 144 Uni-Mart Properties

All of the retail convenience stores and petroleum distribution assets of bankrupt Uni-Marts LLC have sold successfully, according to Matrix Capital Markets Group Inc. Kwik Pik LLC, an affiliate of Lehigh Gas Corporation, purchased 144 of the assets. The sale on 138 of those 144 assets closed on Dec. 30. Kwik Pik closed on the

C-Store Food Sales Get Healthier

Convenience retailers are increasing their share of healthy, fresh food sales, according to industry observers, who noted convenience outlets and big boxes are also gaining share at the expense of grocery stores. Though fresh and prepared foods offer high margin rings, c-store retailers should be certain they are truly ready to do food preparation before

You Are Known by the Company You Keep

The contacts and friends you make in this industry can become lifelong confidants. This one’s personal. As the saying goes, this is not my first rodeo, but amazingly I’ve come through with very few of life’s saddle sores. Now in my 40th year in the industry, I’ve worked for some amazing people, learned many valuable

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Multiculturalism in the Marketplace

With the election of the nation’s first African-American president, the time is right to get a better understanding of our consumer base to make sure we’re meeting their needs. Things have been quite difficult for most Americans this holiday season. There have been thousands upon thousands of job layoffs, though the retail sector has weathered

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