In the last 12 months, more convenience store chains are banking on the benefits of master licensing agreements to improve their position in a widely-fragmented industry. By David Bennett, Senior Editor Acquisitions have always played a strategic role in the convenience store industry. Take for example CST Brands Inc., which last month entered into an…
Cenex Tank Program Assists Retailers Offering E15
Covers a significant portion of the cost to purchase and install an additional storage tank for the purpose of offering E15. CHS, an energy, grains and foods company and the nation’s leading farmer-owned cooperative, has announced a new program to better enable some of the 1,400 Cenex branded locations to meet consumer demand for an…
KickBack Points Kicks Off a New Fantasy Football Season
For the second straight year, KickBack cardholders can build their Fantasy Football team with each purchase using their KickBack Points’ card and will compete against other cardholders for a chance to win two tickets to The Big Bowl game in Arizona. As the Pro Football League prepares to kick off the 2014 Pro season, KickBack…
Burger King Acquiring Tim Hortons
Creates third largest fast food company in the world. Burger King Worldwide Inc. is set to acquire Tim Hortons Inc., in a move that Burger King executives claim is motivated by global expansion opportunities as opposed to lower tax rates in Canada. The U.S.-based Burger King made its official announcement Tuesday that it is acquiring…
Ryko CEO Transitions To Vice Chairman Position
“I am proud of the success we have achieved at Ryko and am excited about the solid foundation that has been built for future growth,” says Ryko CEO. Ryko Solutions Inc., the largest provider of managed car wash systems in North America, announced that Steve L’Heureux has transitioned out of his role as president and…
Veeder-Root Acquires FuelQuest Inc.
Purchase combines global leader in automatic tank gauging with industry’s premier fuel logistics SaaS provider. The Veeder-Root Co. has acquired FuelQuest Inc. located in Houston, Texas, FuelQuest is the recognized Software as a Service (SaaS) provider for retail and commercial fueling logistics applications. With over 15 years of experience in logistics software development and analytics,…
Parker’s Named One of Inc. Magazine’s Fastest-Growing Private Companies
Makes list for third consecutive year. Inc. 5000 recently announced that Parker’s has been named to Inc. magazine’s Inc. 500|5000 ranking of the nation’s fastest-growing companies for the third consecutive year. “This is a very difficult achievement for a brick and mortar business [versus an Internet-based, wholesale or technology business] and it’s astonishing that Parker’s…
Snack Foods Consumed At Main Meals To Increase
Blurred lines between meal and snack foods to drive growth, says NPD Group. U.S. consumers are eating traditional snack foods, particularly snacks with a perceived health benefit, in between and at meals, and this behavior will drive the growth of snack foods eaten at main meals over next five years, reports The NPD Group, a…
Susser Announces Preliminary Merger Consideration Election Results
Susser Holdings Corp. and Energy Transfer Partners L.P. (ETP) announced preliminary election results by Susser common stockholders regarding their preference as to the form of merger consideration to be received in Energy Transfer Partners’ pending acquisition of Susser. As previously announced on April 28, 2014, Susser Holdings Corp. entered into an agreement and plan of…
NOCO Promotes DefIlippis to General Manager, Express Division
DeFilippis brings nearly 40 years of retail industry experience to his new role at NOCO. NOCO has announced that Jim DeFilippis has been promoted to general manager of the NOCO Express division. He most recently served as the director of merchandising and marketing for NOCO Express. “With Jim’s vast experience and knowledge of the retail…