Casey’s General Store CEO to retire; meanwhile, the chain’s profits are on the rise. Robert Myers, CEO and 26-year veteran of Casey’s Convenience Store Inc., will retire in April 2016. Myers will be succeeded by Chief Operating Officer, Terry Handley, who has been with the company for 34 years. According to a Nasdaq report, Myers will
More than a quarter of consumers plan to reduce spending on items other than gasoline in the next month. Are gas prices to blame? According to a survey of U.S. fuel consumers, only 47% of Americans are currently optimistic about the economy. This minority reflects a five percentage point drop of optimistic consumers over the
Acquisition of The Pantry, fiscal growth and new strategies are hoped to propel business in fiscal 2016 for Alimentation Couche-Tard. Alimentation Couche-Tard Inc. has released its results for the fourth quarter and the results are encouraging. For its fourth quarter, which ended April 26, 2015, Alimentation Couche‑Tard Inc. announced net earnings of $129.5 million, representing $0.23 per share on a diluted basis.
California pump prices climb, while some Midwestern states see price declines. While the national average price of gas has only grown by fractions of a penny, some states have seen dramatic price fluctuations over the past week ending July 13, according to a report by AAA. California gas prices soared from July 6-13, rising 28
MarkWest to operate as a unit of MPLX. Marathon Petroleum Corp. is purchasing MarkWest Energy Partners LP for $15.6 billion, through its pipeline unit MPLX LP, allowing it to expand into natural gas processing, according to a report by Reuters. The cash-and-stock deal will create the fourth-largest master limited partnership, valued at $21 billion. The
North Atlantic Trading Co. has zero tolerance for the sale of counterfeit products. Seizure orders have been successfully executed against merchants and wholesalers found selling counterfeit Zig-Zag cigarette paper products. The orders were executed by attorneys at Venable LLP in representation of North Atlantic Trading Co. (NATC). The seizure orders are part of North Atlantic’s strategy
Kwik Trip celebrates 50th anniversary with drink promotions. Convenience store chain Kwik Trip, based in La Crosse, Wis., has reached a giant milestone. Kwik Trip is celebrating its 50th anniversary. On Friday, La Crosse, Wis. and Onalaska, Wis. proclaimed July 10 as “Kwik Trip Day.” For the next month, the company is offering a number of different
Patent-infringement case results in the payment of $9.25 million in damages. A Texas jury has found that Murphy USA has infringed upon four patents on automated synchronous pricing and advertising system patents. Murphy must now pay $9.25 million in damages to Banys, P.C.’s trial team, led by Christopher Banys, along with Wesley Hill of Ward, Smith &
Anti-smoking advocates make progress in Minneapolis as City Council approves the imposition of a flavored tobacco ban. Beginning in January 2016 flavored tobacco products will no longer be sold in many Minneapolis convenience stores. Minneapolis City Council has voted in favor of banning the sale of flavored tobacco products as lawmakers continue to search for ways
Starbucks will increase prices, despite recent increase in profits and decrease in customer satisfaction. Despite an 18% increase in company profits last quarter with $4.6 billion in net profits, CNN Money reported that Starbucks will be raising some of its beverage prices. The new price increase is to be implemented on Tuesday July 14, 2015.
California Senate Bill 140’s attempt to classify vapor products the same as combustible tobacco products, leads to its withdrawal. Sen. Mark Leno has withdrawn the legislation of Senate Bill 140 (SB 140) after the Assembly Governmental Organization Committee voted to adopt amendments that the author found objectionable. After the withdrawal of the legislation, the Smoke-Free
Chevron looks to Patriot Capital Corp. to upgrade POS technology. Patriot Capital Corp., a provider of innovative equipment financing solutions, will now offer equipment financing and leasing to Chevron Products Co., a division of Chevron U.S.A. Inc. Patriot Capital Corp. will service Chevron’s nearly 8,000 retail networks in the U.S. Patriot Capital Corp. will help
Online shopping is growing in popularity as many U.S. shoppers prefer to search for deals online rather than to search through brick-and-mortar stores. New research indicates that consumers are taking advantage of the growing online marketplace. In Mintel’s Online Shopping U.S. 2015 report it is revealed that over two-thirds (69%) of U.S. online adults shop
Seven store development agreements signed to develop over 50 new Dunkin’ Donuts restaurants. Dunkin’ Donuts has announced the signing of multi-unit store development agreements with seven franchise groups. These agreements allow the development of 51 new restaurants in Virginia and West Virginia over the next several years. The seven franchise groups and their development plans include:
The FDA has delayed the menu-labeling rule and plans to assist businesses with efficient compliance. After receiving extensive input from stakeholders, the U.S. Food and Drug Administration (FDA) has decided to extend the compliance date for the new menu labeling rule. The FDA has agreed that additional time is needed to address the questions and concerns
Unexpected avenues must be taken to maximize revenue from prepaid programs. Prepaid shopping is on the rise, and research conducted by Aite Group (in partnership with InComm) has revealed that most merchants are considering adding to their prepaid programs. Aite Group has discovered three prime opportunities for merchants to maximize revenue from prepaid programs. 1.
QuikTrip donates site of burned QuikTrip to Urban League to build a new center to benefit the community. A groundbreaking ceremony was held Thursday for the new Urban League Center which will be built on the site of the Ferguson, Mo. QuikTrip which was looted and set on fire in August during the Ferguson riots.
Cub Foods Round Up Campaign helps better the lives of children in the community. Teaming up with the Minnesota Twins and Pepsi, Cub Foods, a hometown grocer since 1968, helped to raise more than $210,000 for the Boys & Girls Clubs of the Twin Cities. Cub Foods hosted a two-week “Cub Cares” Round Up Campaign
With the constant yearly deficit in transportation project funds, lawmakers are proposing a tax increase as a solution to the problem. Democratic Rep. Rick Larsen has become the 35th co-sponsor of the Update, Promote and Develop America’s Transportation Essentials (UPDATE) Act, which is a bill that proposes to raise federal gas tax to help pay for transportation
The government is refusing to pay fees and other costs to wrongfully accused convenience store owner. After a year long battle, the federal government has returned the $107,702.66 that it took from Fairmont, N.C. convenience store owner, Lyndon McLellan, last year. The case was dismissed more than a month before McLellan’s money was returned to him, and
A changing health landscape doesn’t seem to be enough to spark change in health strategies, but there are other variables that may bring employers into action. The health landscape is in a constant state of change and most employers plan to evolve with it, but few are actually doing so. A recent survey by Aon
New partnership will add diversity to Corner Store fuel offerings as well as giving the store greater street-level visibility. Corner Store’s diverse fuel offerings are expanding. A branding agreement has been made between CST Brands Inc. and Phillips 66. A new Corner Store location is to open in Tomball, Texas and this new store will
7-Eleven has recognized Taylor, Mich. store owner for Slurpee sales, but the rest of Michigan isn’t far behind. Rani Singh, owner of the Taylor, Mich. 7-Eleven, has been crowned the 7-Eleven Slurpee Queen. Singh’s store sells on average around 375 Slurpees daily, and in the summer months, that number spikes to 1,000 a day. Singh was
Nearly all Americans snack at least once a day, but many wish for more options and convenient packaging. According to a recent report from Mintel, nearly all Americans (94%) admit to snacking at least once a day. Mintel’s Snacking Motivations and Attitudes US 2015 report shows that snacking is becoming a trend as 50% of
Maverik has proposed plans for a new c-store that would feature an updated design concept. Maverik Inc., a Utah based convenience store chain, which operates 270 stores in Western states, has proposed plans to replace the former Colorado Feed & Grain Cookhouse east of Interstate 25 with a convenience store and gas station. According to a