Archives for April 2008

Mixed First Quarter Results for Sunoco

Not every oil company is enjoying windfall profits in the era of expensive oil. Sunoco Inc., which refines oil it buys from producers, today reported a net loss of $59 million on sales of $12.8 billion for the first quarter of the year. Sunoco earned $175 million on sales of $9.3 billion in the first

Kum & Go Names New Vice President

Kum & Go, operator of more than 430 convenience stores in 12 states, named Terry Montgomery its new vice president of business intelligence. In this newly created position, Montgomery’s main focuses will be developing the new Kum & Go Business Intelligence department and the expansion and growth of business intelligence function for the West Des

Mars, Wrigley Meld $23-Billion Merger

Mars Inc., of McLean, Va., announced a merger agreement with Chicago-based Wm. Wrigley Jr. Company, a transaction that could ultimately be valued at $23 billion, the companies said. The agreement will make Wrigley, a $5.4 billion gum and confections company, a separate, stand-alone subsidiary of Mars. The agreement has been unanimously approved by both companies’

Prayer, Refunds And Theft

Truckers in Mississippi are stealing diesel by the hundreds of gallons, lawmakers in Florida are floating plans to offer commuters a gas-money refund and religious folks in California are resorting to prayer at the pump. Motorists nationwide are resorting to everything and anything to fight gas prices that continue to set record highs, with the

Sheetz Opens Near Winston-Salem, N.C.

Sheetz Inc. has opened a new unit in Davidson County in North Carolina just outside Winston-Salem, the company said. The opening is the 17th for Sheetz in North Carolina and brings the company’s overall store count to 348. Sheetz employees will hold a grand opening celebration and ribbon-cutting ceremony on May 8 at the store.

BP, Shell Post Record Profits

BP has posted an eight-year high in profit while Royal Dutch Shell Plc had its biggest gain since 2005, Bloomberg news reported. Analysts said numbers posted by the oil giants were grand across the board, despite high crude prices. Crude oil reached $111.80 a barrel in March, and also touched an all-time high of $119.93

Is N.Y. Funding Terror Operations?

New York Congressman Peter King claims New York’s practice of not collecting taxes on Indian cigarette sales, despite have a law requiring it to do so, supports smugglers whose profits can support terrorists. King, a Long Island Republican, wants an investigation into what he calls a "very serious homeland security issue." A prominent Indian leader

Cigar Bar Wins 5-year battle with New York City

Merchants NY Cigar Bar, a go-to smoker’s paradise on New York’s Upper East Side for the past decade, has triumphed in a prolonged legal battled with the New York City Health Department, according to operators at the cigar bar. New York State Supreme Court Appellate Division unanimously upheld a lower court’s decision that the New

Gilbarco, Developers Introduce New Signage, POS Tools

Users of Gilbarco Veeder-Root’s Passport POS system will soon be able to remotely manage their sites from a central location as Gilbarco and RedPrarie Corp. are poised to release Passport Version 9, an integrated remote-management solution offering centralized control over configuration, fuel pricing, reporting and software maintenance. Additionally, Gilbarco and Allure Global Solutions Inc. are

Oil Giants Dominate Fortune 500 List

With combined profits of almost $72 billion in 2007, oil juggernauts Exxon Mobil Corp., Chevron Corp. and ConocoPhillips Inc. secured three of the top five spots on the Fortune 500 list, the magazine reported. ExxonMobil racked up $39.5 billion in profit last year, the largest-ever in U.S. history. That figure topped the previous record of

Oil Giants Dominate Fortune 500 List

With combined profits of almost $72 billion in 2007, oil juggernauts Exxon Mobil Corp., Chevron Corp. and ConocoPhillips Inc., secured three of the top five spots on the Fortune 500 list, the magazine reported. ExxonMobil racked up $39.5 billion in profit last year, the largest-ever in U.S. history. That figure topped the previous record of

Pantry Investors Are Mixed Bag

Just a week after a New York investor yanked its 7.5% share in The Pantry Inc., another investor stepped forward and raised its shares from just under 5% to 6.4%, the Triangle (N.C.) Business Journal reported. Oregon-based Stadium Capital Management LLC, a hedge fund investing in small-cap companies, now owns 1.42 million shares of the

Rutter’s Unveils Winning Design for Recycling Bin

At the urging of his college-student grandson, retired Navy technical illustrator George Geisler Sr. of Camp Hill started putting pencil to paper. “I got on a roll and was having a lot of fun with it,” said Geisler, 81. By “it” he was referring to Rutter’s Farm Stores’ “Win Green Design Contest,” which challenged entrants

Fresh & Easy Pushes Green Initiatives

Fresh & Easy and Rutter’s Farm Stores marked Earth Day with new initiatives, including the introduction of a reusable “bag for life” at Fresh & Easy and a recycling opportunity 0for consumers who visit Rutter’s Farm Stores, the companies said. Fresh & Easy, the U.S. arm of UK-based grocery retailer Tesco, distributed reusable shopping bags

Fresh Look For Quick Chek

Quick Chek, Whitehouse, N.J. chain of more than 100 stores throughout New Jersey and New York, announced today it is launching a new brand positioning complete with logo, private-label product packaging and enhanced Web site. With its new logo in the shape of a bright, lime green-colored letter “Q” with tail shaped like a dark

The Pantry Braces For Losses; Investor Pulls Shares

A New York-based investor that owned 7.5% of The Pantry as of Dec. 31 has cashed out its holdings in the company, the Triangle (N.C.) Business Journal reported. Securities and Exchange Commission documents show Hayground Cove Associates on April 14 sold its last shares in the Sanford, N.C.-based The Pantry, which operates about 1,500 c-stores

Verc Converting Exxon Stations to Gulf Brand

Verc Enterprises, a Duxbury, Mass. company with 20 c-stores in the New England area, is planning to convert its Exxon-branded stations to the Gulf brand by the end of this year, The (Mass.) Enterprise reported. The company is making the move to help lower its gas price for consumers, Verc CEO Leo Vercollone told The

P&G Plans Car Washes in Ohio, Kentucky

After seeing strong sales at two test locations, Procter & Gamble is planning to open up to seven more Mr. Clean Performance Car Washes in southern Ohio and Kentucky, Promo Magazine and The Cincinnati Enquirer reported. Procter & Gamble plans to test several full-service locations in the Cincinnati area before deciding to launch a national

McCain Calls For Gas-Tax Suspension

Just as presidential hopeful Republican Sen. John McCain this week proposed a suspension of the federal highway user fees – the 18.4-cents-per-gallon gas tax and the 24.4- cents-per-gallon diesel tax – some in the transportation industry say it could hurt the economy. McCain called for a summer-long suspension of the federal gas tax and several

Groups Offer $100,000 Small Business Makeover

In honor of National Small Business Week, small business owners across diverse industries, including convenience stores, will have a chance to win a $100,000 makeover, complements of Sam’s Club, and the National Federation of Independent Business during National Small Business Week April 21-25. The Small Business Makeover includes: up to $25,000 in cash, merchandise,

N.J. Motorists’ Bad Gas Caused by Water Contamination

Gas station chain Lukoil blamed water contamination for bad gas that was sold at seven or more gas stations in New Jersey this week, WCBS television in New Jersey reported. The contaminated gas left dozens of motorists stranded, and some estimates said 75 cars died on highways and roads all across New Jersey as a

Clark Brands Bolsters Relationship With Buying Group

Clark Brands LLC, which licenses the Clark gas brand and Four Corners Coffee brand in 25 states, is expanding its relationship with a division of CBC, an Illinois-based marketing services company. Clark Brands will expand its use of C-Buying, a division of CBC, which will provide new ways for the company to help increase operators’

Minnesota Looks To Pump-Top Marketing

Gas prices set new records on Friday, reaching almost $3.50 a gallon at the pump. Republican lawmakers in Minnesota, meanwhile, say they’ll be using pump-top TVs at gas stations to deliver critical messages against Democrats’ support of a state gas tax aimed at generating funds for Minnesota’s transportation projects, Minnesota Public Radio reported. The Minnesota

QuikTrip Gives Back to Community

Tulsa, Okla.-based QuikTrip, owner and operator of nearly 500 c-stores, is commemorating its 50th anniversary by shelling out more than half the $2.5 million to $3 million cost of the new plaza and playground at a park in Tulsa, the Tulsa World News reported. QuikTrip President Chet Cadieux told the newspaper he began brainstorming for

Fresh & Easy Plans 10 More Las Vegas Locations

Fresh & Easy Neighborhood Market has announced 10 new locations in Las Vegas, which will add to the 11 stores already in that city, the company said. There are currently 60 Fresh & Easy locations in California, Nevada and Arizona. Fresh & Easy’s UK-based parent company, Tesco, said this week that sales for its U.S.