Alimentation Couche-Tard adds 29 c-store locations to its portfolio from Florida Oil Holdings. Alimentation Couche-Tard Inc. signed an agreement to acquire 29 stores in Orlando, Fla., from Florida Oil Holdings LLC through Couche-Tard’s indirect wholly-owned subsidiary Circle K Stores Inc. The transaction is anticipated to close at the end of August, and is subject to…
Ready Pac Foods Recalls Mass Amount Of Apple Products
Ready Pac Foods makes a large recall on sliced apples sold in c-stores, supermarkets and fast food chains. Ready Pac Foods Inc. recalled apple slices and pieces sold at fast food chains such as McDonald’s or Burger King, supermarkets and convenience stores because of possible listeria contamination. Ready Pac Foods reported it is recalling 293,488…
7-Eleven Acquires TETCO Assets
“The combination of TETCO’s retail and wholesale operations will make this 7-Eleven’s largest acquisition since the company accelerated its growth plan four years ago,” says Stan Reynolds, 7-Eleven executive vice president and chief financial officer. 7-Eleven signed an agreement to acquire the retail and wholesale assets of TETCO, Inc. The assets include company-operated convenience stores…
Delek US Holdings Makes Records With Second Quarter Income Levels
Delek US Holdings manages to reduce its debt after reporting high income levels for its second quarter 2012. Delek US Holdings Inc., a diversified energy company with assets in the petroleum refining, marketing and retail industries, reported its second quarter results for 2012. For the three months ended June 30, Delek US recorded a net…
Packaged Facts Defines Dining Habits In America
A market study takes a close look at the generational differences in eating habits of Americans to help the retail and foodservice industries Packaged Facts released a report that analyzes America’s mealtime tendencies and eating habits. The study titled “How We Eat: Retail and Foodservice Opportunities in When and Where America Eats” reports that age…
BP Sells Its Carson Refinery And ARCO Retail Network To Tesoro
“As an established refiner and marketer, Tesoro provides a strong future for the business and for its employees,” says Iain Conn, chief executive of BP’s global refining and marketing business. BP reached an agreement to sell its Carson, Calif., refinery and related logistics and marketing assets to the Tesoro Corporation for $2.5 billion in cash…
Cumberland Gulf Group Opposes Settlement With Visa And MasterCard
“We support bringing real competition and transparency to the credit card market, and this proposed settlement clearly fails to meet this objective,” says Ari Haseotes, president and chief operating officer of Cumberland Farms Inc. The Cumberland Gulf Group opposed the proposed settlement of longstanding antitrust litigation between retailers and the credit card industry. The proposed…
Retail Gasoline Prices at 11-Week High
Brian L. Milne, Refined Fuels Editor, Telvent DTN A string of refinery outages in late July, early August continues to drive retail gasoline prices higher, with the U.S. retail average gaining for five straight weeks through Aug. 6 to reach an 11-week high at $3.606 gallon per the Energy Information Administration’s (EIA) weekly survey. Since…
Millennial Consumers More Likely To Make Foodservice Purchases
“Millennials are a critical consumer group to the foodservice industry, and finding ways to market to them can be difficult because they have high and varied expectations,” says Sara Monnette, director of consumer research for Technomic. Consumers’ positive outlook of the future indicates that they may increase spending on foodservice within the next year, according…
7-Eleven Retains NRC Realty & Capital Advisors For Store Sales
NRC Realty & Capital Advisors help 7-Eleven with the sale of 30 c-store properties in upstate and western New York. 7-Eleven Inc. retained NRC Realty & Capital Advisors to coordinate the sale of 30 gas stations and c-stores in upstate and western New York. 7-Eleven acquired these properties as part of its acquisition of Wilson…