Pepsi Bottling Group Inc. signed a letter of intent on Monday to buy Ab-Tex Beverage Ltd., part of the large bottler’s continuing series of acquisitions, the Wall Street Journal reported. The company has said it plans to pursue its own growth, rather than be acquired at the current price PespsiCo Inc. is offering.
Archives for June 2009
Originally introduced in 2008 as a limited edition summer flavor, MIKE AND IKE LEMONADE BLENDS is now available year-round. Since its launch, this variety has highlighted the Alex’s Lemonade Stand Foundation (ALSF), which is contributing to the fight to cure childhood cancer. The MIKE AND IKE brand will continue to make a minimum
Customers are racking up an average of $427 in hidden swipe fees (also called interchange fees) each year from purchases made on their credit cards, the Florida Business Journal reported. “The continuing burden of interchange, or swipe fees on small business owners has become heavier and heavier to bear. It is the second
Sheetz, Altonna, Pa., is opening several stores in southern West Virginia, including a new location in Barboursville, which opened on June 4. “The Barboursville community has been so welcoming and generous with us so far,” said Stan Sheetz, president and CEO, Sheetz Inc. “Our team is eager to serve customers here for years
Sales of c-store and gas station properties were relatively strong last year, according to the first half 2009 single-tenant retail report from Marcus & Millichap Research Services, GlobeSt.com reported. Last year, rising average cap rates for the property niche reached their highest since 2002, and is credited with fueling an increase in transactions.
Niemann Foods Inc.(NFI), Quincy, Ill., purchased 16 Pick-A-Dilly convenience stores in Northeastern Missouri from Big River Oil, Hannibal Mo, according to the KHQA-TV news Web site. The entire acquisition should be completed during the next month. NFI operates a wide variety of retail formats, now including 28 c-stores under two banners, Pick-A-Dilly and
A national online survey conducted this spring by Harris Interactive found that 94% of adults say they wash their hands after visiting a restroom. However, most people thought they were the exception. When asked what percentage of other people they thought washed their hands each time, 99% said other people don’t do so each
By Brian L. Milne, Refined Fuels Editor for DTN The US average for regular grade gasoline was last reported by the government at $2.524 gallon, with the price to advance from there. The national average increased 9 cents during the last week of May, and 47 cents or 23% since the end of April.
At Canada’s largest retailing awards presentation this week, Canadian Tire was awarded the Retail Council of Canada’s 2009 Excellence in Retailing Award for ‘Retail Store Design for a Large Chain’. Canadian Tire won for its Smart Store format, beating out 12 other high profile submissions. The Smart Store is designed to improve operating productivity while
nFinanSe Inc. said today it was reducing the retail price of its Reloadable Prepaid Card to $3 from $5.95 effective July 1. This reduction matches a change that Wal-Mart announced recently when it reduced the price of its reloadable card from $8.94 to $3.00. The company said it believes that this reduction in price
Novelty lighters are now illegal in Oregon. The ban on novelty lighters went into effect June 2. They are are sold at many convenience stores, and backers say they pose a danger to children because they look like toys, the Associated Press reported. The law bans lighters with “features attractive to children,” like
7-Eleven Inc. today introduced its version of iced coffee with a new marketing campaign that references cup sizes, cheap dates and love at first sight. Available in French Vanilla and Mocha flavors, the new iced beverage met with such enthusiasm in pilot programs earlier this year that the company believed there would be great demand
Niemann Foods Inc. (NFI), operator if the County Market Express chain, reached a deal with Big River Oil Co., of Hannibal Mo., to acquire its convenience store division. Terms of the deal, which is expected to be completed over the next month, were not disclosed. The acquisition includes 16 Pick-A-Dilly convenience stores, all of
This month, 7-Eleven is celebrating the release of the new Transformers movie, by introducing new Bumblebee Blast Slurpee flavor, collectible 3D cups and a refillable mug, character-straws and an online sweepstakes. The film “Transformers: Revenge of the Fallen” from DreamWorks Pictures and Paramount Pictures, in association with Hasbro, Inc., debuts in theaters June
Looking to provide convenience store operators with tobacco industry news and information, R.J. Reynolds Tobacco Co. has launched www.EngageRJRT.com, a new Web site that provides the company’s retail partners with “anytime” access to tobacco category information, as well as consumer and industry data that retailers can utilize to engage their adult tobacco consumers. “It’s
By Brian L. Milne, Refined Fuels Editor for DTN Across the country, gasoline prices are marching higher into June on a combination of tight supplies in some regions and a broad-based rally by gasoline and crude oil driven by a growing view that the U.S. economy is improving. Nationally, the average for regular
Coinstar E-Payment Services, a subsidiary of Coinstar Inc., said today it is launching a line of digital entertainment products in U.S. retail locations. Coinstar has partnered with leading online game companies including Aeria Games, Rixty Inc., Spare Change and Wild Tangent, to offer more than 15 products that provide consumers flexible online spending options.
Bowling Green, Ky.-based Pan-Oston, a leading designer, developer and manufacturer of retail checkout products has formalized a strategic partnership with Tolt Service Group, a nationally-recognized, single-source provider of managed services for technology equipment used in supermarkets and other enterprises. Pan-Oston’s Utopia, a self-check solution endorsed by the National Grocers Association, gives independent grocers the opportunity
Watch out Atlanta-area c-stores. McDonald’s will be luring coffee-drinking commuters on Wednesday morning, hoping to entice them with its new McCafé line. The local McDonald’s association will pay the 50-cent toll for Ga. 400 drivers between 4 p.m. and 6 p.m. on Wednesday. Drivers also will be given a card for a free
Some 43 ExxonMobil On the Run gas stations in Arizona that closed last Friday quickly reopened as Circle K stores, according to azcentral.com. Many of the stores were converted in as little as 24 hours, while others will take longer. Once reopened, all stores will carry Circle K branded fuel. Canada-based Alimentation
Exxon Mobil CEO Rex Tillerson said fossil fuels will continue to supply the dominant portion of the world’s energy needs until 2030 and beyond, according to the Wall Street Journal. Tillerson spoke at at the oil giant’s annual meeting, and assured attendees that despite progress in biofuels, wind and solar, the world may
Love’s Travel Stops & Country Stores, Oklahoma City, today announced that Ralin Nespeca has joined the Love’s team as customer contact center manager. Nespeca comes to Love’s with a master’s degree in business administration from Oklahoma Christian University, and brings a wealth of professional business experience. She has held a variety of positions
Tampa, Fla.-based LUCKY 777, a program offered by nFinanSe, a financial services company and provider of stored value and prepaid card solutions, is helping hard-working Americans avoid costly check cashing fees. Through the Lucky 777 program, nFinanSe’s reloadable prepaid cardholders can set up free direct deposit with their employers. Employers will process cardholder direct deposits