Archives for March 2008

Evolution of Cash Management and the Retailer

Eliminating Cash Shrinkage

Chevron Unveils New Refining Technology

Chevron Corp. said it plans to build a pre-commercial plant at its refinery in Pascagoula, Miss., to test the technical and economic viability of a breakthrough heavy-oil upgrading technology. This proprietary technology, called Vacuum Resid Slurry Hydrocracking (VRSH), has the potential to significantly increase yields of gasoline, diesel and jet fuel from heavy and ultra-heavy

Congress Warns Credit Card Companies to ’Play Fair’

House Judiciary Committee Chairman John Conyers (D-Mich.) and Rep. Chris Cannon (R-Utah) yesterday introduced the "Credit Card Fair Fee Act", legislation that for the first time deals with the biggest credit card fee of all–the interchange fee, which grew to $36 billion in 2006. "We welcome this effort to stop the price-fixing practices of the

Two New Stores for Kum & Go

Kum & Go L.C., operator of 430 convenience stores in 12 states, has added two new-to-industry stores to its portfolio. Both units, in Greeley, Colo. and Elk Point, S.D., measure 3,400 square feet and are open for business. The Colorado unit features 16 fueling stations and includes diesel and E85 fuels. In addition to the

Health Groups Urge Higher Cigarette Taxes in N.Y.

Health-care advocates in New York called upon the legislature to increase the double the state tax on cigarettes to $3 a pack to encourage smokers to quit and increase state revenue. "The price increase will encourage 168,000 adult smokers to quit and prevent 291,000 teens from ever smoking," Russell Sciandra, director of the Center for

Shell Reaches Deal with PacWest Energy

Shell Oil Products US, closed on a deal to transition ownership of 84 branded sites to PacWest Energy LLC, a joint venture formed between Shell and Jacksons Food Stores Inc., a Meridian, Idaho-based Shell-branded wholesaler. The sites will continue to sell Shell-branded gasoline, although PacWest will rebrand the stores at 62 of these locations to

BP to Hold Guitar Hero Tournament

BP’s ampm convenience store brand plans to make its mark in Atlanta. To spotlight the arrival of ampm in the Greater Atlanta area, stores will host a month of Guitar Hero play-off events Throughout March, all would-be rock stars, young and old, will have the chance to unleash their inner guitar hero and battle it

Chevron Unveils Employee Giving and Volunteer Program

Chevron Corp. announced a new employee giving and volunteer program that will provide up to $20 million annually for U.S. nonprofit organizations. The new program, Chevron Humankind, includes company matching for employee financial contributions, grants to nonprofits for volunteer time and company-sponsored volunteer opportunities. Chevron Humankind, open to U.S.-based employees and retirees, allows employees to

Philip Morris Stays on the Offensive

Just a week after filing suit against a New York company to stop importation of counterfeit cigarettes, Philip Morris USA has filed a complaint with the International Trade Commission (ITC) to stop illegally imported gray market cigarettes bearing PM USA’s trademarks, including the Marlboro mark, from entering the U.S. “Our brands are among our company’s

Sheetz Aims to Improve Field Service Activities

Sheetz Inc., the Altoona, Pa.-based operator of 344 stores in six states, has partnered with ViryaNet Ltd.’s Service Hub for Retail to automate its field service operations, including the activities associated with workforce management, facilities maintenance and store equipment repair. Sheetz prides itself on the adoption of the most current technology and continually is seeking

What’s in a Name?

Nestlé Foodservices North America is now the newly-created Nestlé Professional. More than just a change in name, the foodservice-dedicated organization has been restructured to allow for a closer partnership with its customers in delivering creative profitable solutions. As a globally-managed business in the Nestlé group, Nestlé Professional will utilize its global reach and depth of

Village Pantry Adds Nine Stores

Village Pantry Inc. said it has acquired nine convenience stores in central Ohio from Petro Acquisitions, Inc. The stores, formerly operated by AmeriStop Market, will be rebranded under the Village Pantry banner. Each store averages 2,700 square feet and like most traditional convenience stores offers quick snack items, lottery tickets, money orders, pre-paid cellular and

Gas Stations Slapped With Huge Fine

Two Georgia travel plazas in St. Marys are back open after being fined $500,000 by the Department of Agriculture. Tests by the agency showed gas at the Cisco Plazas in St. Marys and Kingsland was being shorted, some by about a pint per gallon. The pumps were locked for almost two weeks but have been

BP Selling Ohio, Pa. Stores

BP’s U.S. Convenience Retail unit said that 146 retail sites are for sale throughout the Columbus, Ohio, Cleveland and Pittsburgh metropolitan areas. Of the 146 sites, 121 are available for franchise, one as a de-branded gasoline site, 24 as BP dealer sites with fuel agreements, and 12 with multiple offerings including commercial use. As part

Road Ranger Acquires 11 AmeriStops

Road Ranger Convenience Stores, which made headlines last month for its multimillion dollar lawsuit against CITGO Petroleum, reached a deal to acquire 11 AmeriStop convenience stores in Kentucky and Ohio. Road Ranger, based in Rockford, Ill., now operates 74 stores across the Midwest. Petro Acquisitions Inc., the Cold Spring, Ohio-based parent company of the AmeriStop

Wright Express Completes Pacific Pride Deal

Wright Express Corp. has completed its $32-million acquisition of privately held Pacific Pride Services Inc. The deal was financed through the company’s existing credit facility. Pacific Pride’s franchise network encompasses more than 330 independent fuel franchisees who issue their own Pacific Pride commercial fueling cards to fleet customers. These cards provide access to fuel at

Designer Signage

Walls + Forms Inc., a designer, manufacturer and distributor of display components introduces its EuroSign DisplayFrame. This sign system combines style with function and is stocked for immediate delivery. EuroSign DisplayFrame is designed for attachment to walls, media displays, windows and more. Signs, posters and graphics can be inserted from the front, thus eliminating the

Alon Resumes Rack Distribution

Alon USA Energy Inc. said it has reopened the Big Spring, Texas refinery truck rack following an explosion and subsequent fire at facility on Feb. 18. All of the other company racks have remained operational since the explosion. The cause of the blast remains under investigation. "We are pleased with the progress we are making

Kettle Popper

Gold Medal Products has launched the 2488SR Pop About Popper. In the rental market there are two challenges that are common, ease of transport and inadequate power. The Pop About Popper has a special version of the Super 88 to address both those challenges. The 2488SR has an acrylic front and side panels in place

Open Pantry’s People Person

For Open Pantry Food Marts of Wisconsin Inc., it’s not enough to simply offer new and innovative products to its dynamic consumer base. The variety has to be punctuated with exceptional customer service. To achieve its goal, the Pleasant Prairie, Wis. chain has always focused on hiring outstanding personnel. Last month, the company took the

Strong Sales for Candy

Overall retail sales are slowing at mass, dollar and grocery stores, but confectionery sales remain strong for convenience operators. The U.S. retail confectionery category generated approximately $29 billion in sales in 2007 and the profit margin for the category was approximately 35%, according to the National Confectioners Association’s (NCA) U.S. Confectionery Market report released last

Progressive Adult Beverages

Diageo announced the introduction of three products to its fast-growing Progressive Adult Beverages (PAB) line: Smirnoff Ice Light, Smirnoff Ice Strawberry Acai and Captain Morgan Parrot Bay Mojito. * Smirnoff Ice Light. Available in six-packs and variety packs at the suggested retail price of $7.49; 12-packs will also be available. * Smirnoff Ice Strawberry Acai.

The “Hangover” Eliminator

Sobrietol Distribution Services Inc. has announced the release of Sobrietol, the world’s only patented technology to rapidly reduce blood alcohol and eliminate next day "hangovers". Sobrietol’s technology was developed over a 10-year period by Dr. David Whitmire, a highly regarded chemical engineer and one of the world’s foremost experts in the field of alcohol and

NCR Self-Service Gift Cards

Gift cards have become one of the easiest and most appreciated forms of gift-giving, although standing in a long line of shoppers to purchase one may take some of the joy out of giving. But thanks to a self-service offer from NCR Corp., gift card purchases may soon be more convenient for retailers and consumers.

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