Smithfield Foods Inc.’s executive vice president Richard Poulson is retiring from Smithfield effective Sept. 1, 2010. “Dick has been an extremely valuable member of the senior management team and has been helpful in our growth from a domestic provider of excellent pork products into one of the world’s most respected and recognized meat protein suppliers.…
Fresh & Easy Reduces Water Consumption
Fresh & Easy Neighborhood Market has embarked on an ambitious plan to reduce water consumption in its stores by 30% through the use of EnviroTower water conditioning technology. The EnviroTower system has already been installed in 37 Fresh & Easy locations and will be incorporated into all new stores, including the nine Fresh & Easy…
Deli Express Expands Donation Program
Deli Express a supplier of hot and cold sandwiches recently made a 2010 second quarter donation of $50,745 to the National Military Family Association, surpassing $250,000 in total donations to the organization, which is dedicated to serving family members of military service members. Deli Express has been donating a portion of sales of its hot…
Confused on FDA Tobacco Regulations?
If you’re confused on the myriad of FDA tobacco regulations, you’re not alone, and help is on the way. The FDA’s Center for Tobacco Products has announced the dates, times and locations of four additional retailer training sessions on the new federal tobacco regulations. These training sessions are scheduled in Atlanta, Georgia, Chicago, Illinois, Dallas,…
Cigarette Sales Drop In New York
The New York Association of Convenience Stores (NYACS) has reported that cigarette sales at convenience stores in New York have seen a steep decline since the $1.60 per pack cigarette tax increase hit on July 1, 2010. New York State now holds the highest state cigarette tax rate in the nation at $4.35 per pack,…
Nine C-Store Sites For Sale
NRC Realty & Capital Advisors LLC has been retained in the sale of nine operating and former convenience stores and commercial land sites currently in foreclosure. The sites are located in Riverside, Rohnert Park and Sebastopol, Calif.; Harrington and New Castle, Delaware; and Belleville, Gap, Waynesburg and York, Pennsylvania. NRC represents the secured creditor and…
Retail Gasoline Prices to Slide from Three-Month High
By Brian L. Milne, Refined Fuels Editor, Telvent DTN The U.S. average for all formulations of regular grade gasoline surged nearly a nickel to $2.783 gallon as of Aug. 9, according to the Energy Information Administration, the statistical arm of the Department of Energy. The price jump in retail was somewhat delayed from higher wholesale…
Tedeschi Remodels
Maintaining its aggressive efforts to update all of its locations, Tedeschi Food Shops has completed two new store remodels in Massachusetts. The Tedeschi Food Shops at 98 Houston Avenue in Milton, Mass., and 168 Garden Street in Needham, Mass., were recently renovated, bringing the total of stores remodeled in 2010 to 12. These newly remodeled…
Kum & Go Teams With Iowa Wine Growers
Kum & Go and Iowa wine growers have joined forces to offer a directory and coupon booklet that could generate up to $50 in savings at Kum & Go stores, the Des Moines Register reported. Visitors to the Iowa Wine Garden at the 2010 Iowa State Fair can buy the Iowa Wine Companion for $15.…
Couche-Tard Responds To Private Placement
Alimentation Couche-Tard Inc. responded to Casey’s General Stores Inc. announcement that it has completed a private placement of $569 million principal amount of 5.22% Senior Notes due Aug. 9, 2020 to fund its leveraged recapitalization. “Casey’s recent action to transfer value from the Casey’s shareholders to noteholders is outrageous,” Couche-Tard said in a statement. “In…