Archives for June 2008

Gulf Oil Eyes Exxon’s New England Sites

Add Gulf Oil LP to the list of companies flirting with plans to snatch up some of the sites ExxonMobil is looking to shed as it exits the petroleum retail business. Amid Exxon’s announcement this month that it’s selling its remaining 820 company-owned gas stations, as well as another 1,400 dealers-operated outfits, retailers like Couche-Tard

Irving Oil buys 8 Rice gas stations

Canada-based Irving Oil has purchased eight of 39 Neighbors convenience stores in Massachusetts, Vermont and New Hampshire, The Recorder in Greenfield, Mass., reported. Irving spokesman Lars Trodson didn’t disclose the purchase price for the eight locations, saying Irving never discusses the amount decided between two private companies. The stores, which are now owned and operated

Alliance Purchases 68 New England C-stores

Massachusetts-based Alliance Energy LLC has acquired 68 convenience store and dealer assets owned by Peterborough Oil Company Inc. of Leominster, Mass., according to Matrix Capital Markets Group, the company that handled the deal. Peterborough, owner and operator of retail petroleum marketing outlets and convenience stores branded as Mr. Mike’s in Massachusetts, New Hampshire and Maine,

Texas C-store Faces Charges For Tossing Records

A Texas-based petroleum company with a chain of c-stores was charged with violating consumer information laws after authorities discovered a slew of personal consumer data had been tossed into a trash bin at the company’s Texas headquarters, according to court documents and news station KPRC 2. Petroleum Wholesale, operator of Sunmart Travel Centers and Convenience

Anheuser Busy Amid InBev Bid

Anheuser-Busch on Friday said Grupo Modelo CEO Carlos Fernandez resigned from the company’s board of directors, signaling the loss of a potential key ally in the U.S. brewer’s fight to fend off an unsolicited takeover bid from InBev in Belgium, Reuters news service reported. Anheuser owns 50% of Modelo, the No. 1 brewer in Mexico.

Kwik Shop Hires New VP Of Operations

Kwik Shop Inc., the Hutchinson, Kan.-based convenience store chain operating under The Kroger Co.’s umbrella, has hired Brian Fisher as vice president of operations, said Jeff Parker, president of Kwik Shop, in a press release. Parker, a nine-year employee at the Jacksonville, Fla.-based The Pantry Inc., will start at Kwik Shop at the end of

Summer Solstice Spurs Jolt’s Alaskan Airlift

In honor of the Summer Solstice, the Alaskan town of Barrow will officially be renamed “Jolt” for a 24-hour period on June 20, when Jolt Energy airlifts hundreds of energy drinks to the enlightened town. So says Barrow Mayor Michael Stotts and Jolt Energy Drinks, a company rejuvenating the townsfolk as they face an annual

Pantry Elbows To Rebound

Shares of The Pantry rose in early trading Thursday after the company said it expects to rebound from a recent string of poor showings, the Triangle Business Journal reported. The Sanford, N.C.-based chain said earnings per share in the fiscal quarter ending June 26 will exceed the consensus estimate of analysts polled by Thomson Financial,

BP America Plans San Francisco Office

BP America is planning to open an office for its alternative energy division in San Francisco, the San Francisco Business Times reported. The company is considering several locations in San Francisco to house its new office, BP Alternative Energy, which started in 2005 and is headquartered in Houston, BP spokeswoman Sarah Howell said. The company

Hershey Sweetens Its Advertising

The Hershey Company said it will increasingly target key consumer segments as a way to drive sales growth, and the company also plans to boost total advertising by 20% in both 2008 and 2009. The company’s efforts will be focused on core brands that currently generate about 60% of the it’s total sales in the

Schnucks Selects RedPrairie Workforce Management

Schnuck Markets Inc., the St. Louis, Mo.-based operator of more than 100 grocery and food stores throughout the Midwest, has selected RedPrairie’s Workforce Management solution to master the chain’s labor schedules. RedPrairie’s Workforce Management solution will assist the company in tracking time and attendance, accruals, forecasting and optimized scheduling in Schnuck’s stores, which include almost

‘Simpsons’ Promo Lands 7-Eleven International Acclaim

7-Eleven Inc.’s promotions in connection with the summer 2007 release of “The Simpsons Movie” won the c-store chain two of three Gold Lion awards presented to U.S. companies at the 55th Annual Cannes International Advertising Festival. It was the first international honor the company earned for its July 2007 campaign where 12 of its North

Gilbarco Joins PCI Security Standards Council

Gilbarco Veeder-Root, a provider of payment systems for fuel dispensers and POS systems in the retail petroleum industry, has joined the PCI Security Standards Council as a new participating organization, the company said. In its new role with the PCI SSC, Gilbarco will help evolve the PCI Data Security Standard (DSS) and other payment card

Exxon’s Retail Sale Piques Couche-Tard’s Interest

ExxonMobil’s announcement that it’s exiting the U.S. retail business could inspire Alimentation Couche-Tard to acquire the stores, reported the National Post in Canada, where Couche-Tard is headquartered. The National Post reported that Couche-Tard’s management is seeking larger acquisition targets in fiscal 2009, analyst Sara O’Brien of RBC Capital Markets said in a note to clients,

IRI Probes Eco-Minded Minds

Chicago-based consumer research firm IRI is teaming with TNS U.S., of New York, to gain a deeper understanding of consumer attitudes and behaviors in all things green. The two companies are looking to flesh out new concepts on the green front, including a determination on which types of consumers are likely to buy green products

Fresh & Easy Streamlining Distribution Channels

Fresh & Easy Neighborhood Market and its suppliers have streamlined their distribution models to reduce direct store deliveries, which the company says will help it save money on fuel and allow it to pass the savings to customers. The innovative, simplified distribution method will also help the environment by triggering reductions in CO2 emissions, fuel

Susser Retail Unit, Stripes LLC, Gets New Leader

Susser Holdings Corporation today named Steven DeSutter executive vice president of Susser and president and CEO of the company’s retail unit, Stripes LLC, the company said. Most recently, DeSutter was an advisor and served as interim executive vice president of operations for Quiznos, a multinational sandwich franchise with roughly 5,000 restaurants. He also held past

Fresh & Easy Looking Beyond West Coast?

In his first interview since launching Tesco’s Fresh & Easy stores in California last year, Fresh & Easy CEO Tim Mason told the Financial Times that the chain is thriving despite recent suggestions of poor sales. Mason told the Financial Times the decision to bring in U.S. resident Jeff Adams as an operations director was

Canadian Investigators Level Charges In Price Fixing

The Competition Bureau in Canada has named 11 companies and 13 individuals in what it says has been a price-fixing scam at a number of gas stations in various Canadian markets, and three of the companies have already pleaded guilty. The agency brought criminal charges against 11 companies and 13 people tied to various Quebec

CITGO Chooses FleetCor

Global fleet card company FleetCor has been selected by CITGO Petroleum Corporation to provide fleet card processing and program management services for the company’s fuel cards. With this award, FleetCor has been awarded the last four competitive bids for major oil private label fleet card contracts. “CITGO’s global relationships provide maximum exposure to all the

Exxon’s Retail Exodus

Exxon Mobil Corp. is exiting the retail gasoline business, though 75% of its 12,000 U.S. stations are already owned by branded distributors who buy ExxonMobil’s products and pay to use the company’s name, the Associated Press reported. Irving-based Exxon, the world’s biggest publicly traded oil company, plans to sell to distributors its remaining 820 company-owned

Heating Up The C-store

UK-based grocer Tesco is looking to revamp its Fresh & Easy stores on the West Coast in hopes of fostering a "warmer" shopping environment as it readies for more openings, Retail Week reported. The company said its 61 Fresh & Easy stores in Nevada, Arizona and California will be given more color and signage, mainly

Casey’s Exceeds Expectations

ANKELEY, Iowa – Profits for c-store operator Casey’s General Stores Inc. dropped 13% in the fourth-quarter ending April 30, but its performance still defied Wall Street’s expectations, The Associated Press reported. The company reported income of $14.4 million for the three-month period, or 28 cents per share, compared with $16.6 million, or 33 cents per

Dear August, This Bid’s For You …

Belgian beer brewer InBev has offered a proposal to Anheuser-Busch Inc. to combine the two companies and form a massive global brewer. A-B acknowledged receipt of the unsolicited proposal and said its board of directors would evaluate it carefully and “pursue the course of action that is in the best interest of Anheuser-Busch’s stockholders.” InBev

Horizon Travel Plazas Files Chap. 11

Franklin, Tenn.-based Horizon Travel Plazas LLC, created in 2003 by former Mapco Express executives, has filed a petition for Chapter 11 bankruptcy in U.S. Bankruptcy Court in the Middle District of Tennessee, the Nashville Business Journal and Nashville Post reported. Founded by former Mapco CEO James Alligood and Vice President of Business Development Steve Ramer,