Couche-Tard Quarterly Profit Down 23%

Alimentation Couche-Tard announced today that despite rising revenue, its quarterly profit dropped 23% due to lower U.S. gasoline margins, Reuters reported. Couche-Tard, North America’s second-biggest convenience store chain, operates more than 5,400 convenience stores, with some 3,600 of those also selling gasoline. The company earned $54.8 million, or 29 cents a share, in its third-quarter,

Casey’s Earnings Increase 23%

Casey’s General Stores Inc. reported $0.34 in basic earnings per share for the third quarter of fiscal 2010 ended Jan. 31, 2010, compared to $0.28 for the same quarter a year ago. Year to date, basic earnings per share were $1.87 versus $1.38 for the same period last year. “The acquisition environment has become more

PDI and Acumera Form Alliance To Serve C-store Industry

PDI and Acumera have entered into a joint marketing and technology development agreement to optimize the deployment and use of Acumera’s advanced managed network services. “Acumera’s network integration services connect all store systems to a secure, PCI-compliant broadband network to reduce telecommunications costs and simplify remote support,” said Dirk Heinen, CEO and co-founder of Acumera.

ExxonMobil Offers Gas Station Locator Download

ExxonMobil introduced a new feature that will allow customers to download Exxon and Mobil service station locations to their GPS devices. This feature is downloadable from the ExxonMobil Station Locator Web site, and is compatible with the leading consumer GPS devices, including Garmin, TomTom and Magellan. The site features easy to follow instructions along with

Chevron, Exxon Top Corporations for Women Businesses

The Women’s Business Enterprise National Council (WBENC) named Chevron and Exxon Mobil Corporation among America’s Top Corporations for Women’s Business Enterprises for providing growth opportunities to women business owners, in February. The WBENC’s annual listing is the only national award honoring corporations for world-class programs that create level playing fields for women’s business enterprises to

Shell CEO Predicts Oil To Become More Expensive

Royal Dutch Shell’s chief executive predicted Thursday that oil will remain the dominant energy source for decades, and one that will become more difficult and thus more expensive to obtain, MarketWatch reported. Shell’s CEO Peter Voser, gave the prediction as he spoke before an audience at The Wall Street Journal’s ECO:nomics conference in Santa Barbara,

Executive Vice President To Retire From Chevron

Chevron Corporation’s executive vice president, Charles A. James, will leave the company effective May 2, 2010. James, who intends to retire from the active practice of law, will join the adjunct faculty of the law school at Arizona State University and pursue other charitable ventures. This move is part of a planned transition under which

BP Looks To Future Goals

BP has outlined plans to further boost efficiency and reduce costs as it plans to improve its annual underlying pre-tax profitability by more than $3 billion over the next two to three years, the company announced in a press release. In addition, the company has extended its medium-term oil and gas production outlook, projecting that

The Nielsen Co. Reveals Generational Shopping Habits

The Nielsen Company recently analyzed the shopping habits of four key generations (Greatest Generation, Boomers, Gen X and Millennials) to understand generational differences in purchasing practices and gain insights into opportunities for CPG companies.   Results showed that the Greatest Generation consumers, shaped by the Great Depression and World War II frugality, are the most

BP’s ampm Launches Personal Size Pizza

On March 3, ampm  debuted its new personal-size pizza, adding another fresh food to its line of proprietary products. The new pizza comes in two flavors: pepperoni and four-cheese (a blend of mozzarella, provolone, parmesan and romano cheeses). The New York-style pizza will be baked fresh on-site and packaged in a box with two eye-catching

The Pantry To Present at Bank of America Merrill Lynch Conference

Frank G. Paci, executive vice president and chief financial officer for The Pantry Inc. will present at the Bank of America Merrill Lynch 2010 Consumer Conference in New York City, MarketWatch reported. The session featuring Paci is scheduled for 4:20 p.m. EST on Wednesday, March 10, 2010. A live audio Webcast will be accessible through

Jamba Introduces Frozen Fruit Sorbet 



Jamba Juice Company and Oregon Ice Cream are debuting a new line of Frozen Fruit Sorbet and Frozen Fruit Sorbet & Yogurt Bars, hitting select retail freezers across the U.S. this week. 

 The frozen novelty bars are available in five delicious flavors, are all natural, made with real fruit, provide a good source of

Shell, Motiva Win In Supreme Court

The U.S. Supreme Court has ruled in favor of Shell Oil Co. and Motiva Enterprises LLC in a Massachusetts case filed by independent service station owners, Bloomberg reported. The station owners filed the lawsuit saying Shell and Motiva used rent increases to try to end their franchise arrangements so the companies could usurp operation of

7-Eleven Sells 12-Asset Portfolio

A portfolio of 12 7-Eleven stores, all of which were part of small strip centers, has sold to different buyers in transactions with a combined value greater than $20 million, GlobeSt.com reported. The 12 assets in Nevada, Texas and Virginia were acquired from the locally based 7-Eleven through all-cash deals. Seller representative Mehran Foroughi, senior

Kum & Go Raises over $80,000 for the Red Cross Haiti Relief

Kum & Go,L.C. raised more than $80,000 for the American Red Cross Haiti Relief Efforts since Jan. 15th. Customers who donated $1 at the registers of the more than 430 Kum & Go stores raised a majority of the money, $59,000. The remainder of the contribution was collected from donations at the company’s Store Support Center

Kum & Go Raises over $80,000 for the Red Cross Haiti Relief

Kum & Go,L.C. raised more than $80,000 for the American Red Cross Haiti Relief Efforts since Jan. 15th. Customers who donated $1 at the registers of the more than 430 Kum & Go stores raised a majority of the money, $59,000. The remainder of the contribution was collected from donations at the company’s Store Support Center

Wawa Provides Red Cross Support with Chain Wide Blood Drives

Wawa is encouraging customers to join its efforts to help the American Red Cross save lives. From Feb. 15 until March 31, Wawa will be hosting blood drive sites at 20 sites in four of its operating states: Pennsylvania, New Jersey, Maryland and Virginia. Wawa Associates have supported the American Red Cross blood drives for

Mac’s Convenience Stores To Add Seattle’s Best At 600 More Locations

Mac’s Convenience Stores, a subsidiary of  Alimentation Couche-Tard Inc., and Seattle’s Best Coffee LLC, part of Starbucks Corporation, have entered an agreement for Mac’s to exclusively brew Seattle’s Best Coffee in Ontario in the convenience store channel. This agreement expands the more than 14-year relationship between the brands and leverages each company’s world-class capabilities with

Family Express To Reward Customers With F.E. Perks

Family Express, which operates stores in northwest and north central Indiana, is taking another step forward in its quest to delight customers by turning their purchases inside the store into savings at the pump. The new “F.E. Perks” program will kick off at all Family Express stores in April and it will be based on

Industry Veteran Robert Eggleston Joins Toot’n Totum

Industry veteran Robert Eggleston has joined Amarillo, Texas based Toot’n Totum Food Stores LLC as vice president of supply and transportation.  “Robert is a man of prodigious talent who will complement our existing leadership team.  His evidentiary experience in all aspects of fuel procurement, retailing, and logistics will be a key component in the success

IRI’s Thom Blischok Keynote Speaker at Retail Technology Conference

Leading consumer trends expert Thom Blischok will be the keynote speaker at Gilbarco Veeder-Root’s Retail Technology Conference, March 8 – 11 at the Carolina Inn in Chapel Hill, N.C.  On Wednesday, March 10 at 8:00 a.m. Blischok will discuss trends in retail and how technology is essential to compete. As president of thought leadership and

7-Eleven Grows In New Jersey

7-Eleven is expanding in New Jersey, and at the Jersey Shore plans to add five new locations in Monmouth County and three in Ocean County this year alone, App.com reported. Throughout the state, 7-Eleven plans to open 200 more stores in 2010 and 2011, according to The Goldstein Group, a commercial real estate firm in Paramus.

Trend for Retail Gasoline Prices Points Higher

By Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline costs ended February mixed, higher in the West Coast amid seasonal changes in fuel specifications, while other parts of the country mostly saw these costs decreasing. However, the trend moving forward points to climbing gasoline prices at the pump, while the wholesale market is

C-stores, Starbuck’s Most Affected By Ongoing Coffee War

As the coffee war continues between QSRs, coffee franchises and c-stores may be feeling the pinch more than the local Dunkin’ Donuts, Reuters reported. Although McDonald’s has tried to undercut competitors on price, Dunkin’s market share in coffee is steady and growing, Mark Nunnelly, managing director at Bain Capital, said at the Reuters Private Equity

Slim Jim To Sponsor Wrestlemania XXVI

Slim Jim, a ConAgra Foods brand, has signed on to be the Official Meat Snack of World Wrestling Entertainment (WWE) and is the presenting sponsor of WWE’s WrestleMania XXVI, in Glendale, Ariz. on March 28 and SummerSlam, in Los Angeles on Aug. 15. As part of the deal, WWE Superstar Edge will serve as a

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