Archives for 2008

Can They Charge It?

MasterCard Worldwide has agreed to pay $1.8 billion to credit card rival American Express as part of a settlement related to a 2004 antitrust lawsuit, The New York Times reported. Seven months ago, credit card juggernaut Visa paid more than $2.1 billion to American Express to put similar claims behind it as it raced ahead

High Court Cuts Exxon’s Damage Payment

The Supreme Court this week slashed the punitive damages award in the 1989 Exxon Valdez disaster from $2.5 billion to $500 million, while Exxon CEO Rex Tillerson responded by saying the company has redoubled its efforts to protect the environment ever since the incident. The court ruled that victims of the country’s worst oil spill

Fresh & Easy Beefs Up Front Line

Fresh & Easy Neighborhood Market is planning to hire 750 employees in the next three months in its West Coast stores as a part of a continued expansion, the Tesco subsidiary announced. The company will open its 62nd store in Manhattan Beach, Calif., next week, adding to the existing lineup of Fresh & Easy locations

7-Eleven Stirs Up Slurpee Summer

Dallas-based 7-Eleven is turning this summer season into all things Slurpee as it ties promotions for the iconic frozen beverage into everything from blockbuster movies and videogames to online Web contests and concert tours. The barrage of promotions are also pairing the Slurpee with comic books, sports personalities, social networking, teen film-making competitions and street

Toledo C-store Owners Protected, For Now

A federal judge sided with a group of convenience store owners this week and granted them a temporary restraining order against Toledo’s new law requiring the business to be licensed for $250 a year and install security cameras, the Toledo Blade reported. U.S. District Judge James Carr granted the motion after three convenience store owners

Miller Launches MGD 64

Miller Brewing Co. of Milwaukee, Wis., is planning a national rollout of MGD 64, a 64-calorie version of the Miller Genuine Draft Light brand, in response to what Miller CEO Tom Long said was "broad-based geographic growth" for the brand in test markets, reported. In a message this week to Miller’s distributors, Long said

Sheetz Rolls Out “Pump First” Card

As gasoline prices continue to rise and market conditions lead more retailers to require cash customers to pay before pumping, Sheetz has rolled out a new card that allows their cash customers to pump first. The Pump First card is being introduced to Sheetz stores in Pennsylvania’s Hagerstown and Frederick areas and Martinsburg, W.Va., area.

Microsoft Division Recognizes Gilbarco

Microsoft’s OEM Embedded Sales Division named Gilbarco Veeder-Root the winner of its Partner Excellence Award for Microsoft’s specialized service products at the Tech-Ed Developer Conference on June 4. The award recognizes the technical excellence of Gilbarco’s application of the Microsoft platform in its fully integrated Passport POS system. It uses Windows Server for Embedded Systems

Ruiz Foods Maintains Top Spot Among Hispanic Firms

Ruiz Foods, the nation’s largest frozen Mexican food manufacturer and maker of the El Monterey brand, has been ranked first among the Top 10 Hispanic-owned manufacturing companies in California, according to Hispanic Business Magazine, the publication that oversees the rankings. The magazine also ranked the company third among the Top 500 U.S. Hispanic-owned manufacturing companies

Kroger Reports Record Earnings

Cincinnati, Ohio-based Kroger Co. has reported total sales increased 11.5% to $23.1 billion for the first quarter ending May 2008, while identical supermarket sales increased 9.2% with fuel and 5.8% without fuel. The company’s net earnings in the first quarter totaled $386 million, compared to $336 million last year. “Our strategy positions us well to

A Hoagie In Vogue

Wawa Inc. today announced the launch of Hoagiefest, a harmonious campaign celebrating the almighty hoagie with special price promotions and summer-long events. A different Wawa shorti will be featured every two weeks for just $2.99, and just to bring the love and serenity imbued in every hoagie bite to its loyal customers, Wawa has created

N.Y. Legislators Target Reservations’ Cig Sales

A legislative deal being considered by the New York Senate and Assembly would make it illegal for tobacco manufacturers to sell cigarettes to any wholesaler who won’t stop selling tax-free cigarettes to Indian retailers, The Buffalo News reported. Supporters believe the law could result in the state reaping more than $400 million in cigarette excise

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