Sunoco LP Releases Second Quarter 2016 Financial and Operating Results

Sunoco LP has revealed a number of accomplishments from the second quarter of 2016. Sunoco LP has released its financial and operating results for the recent three-month period ending June 30, 2016. Revenue totaled $4.1 billion, a decrease of 19.6%, compared to $5.1 billion in the second quarter of 2015. The decline was the result

Gulf Oil Strikes Up Two New Partnerships

Gulf has partnered with two MLB teams to promote its online shopping rewards program. Gulf Oil has teamed up with the Boston Red Sox and the New York Mets to promote the company’s online shopping rewards program: Power Points. Customers in the Boston market who enroll in the Power Points program between July 1 and

RaceTrac Reflects the Future

RaceTrac Petroleum in the last few years has topped itself, which leaves something for other convenience stores to aspire to. By Jim Callahan I was seriously wowed recently and I loved every minute of it, and thought I’d share the occasion with you. On a beautiful night in historic Newnan, Ga., which is 30 minutes

Giving Back to the Communities You Serve

By John Lofstock, Editor-in-Chief Being a good corporate citizen isn’t something convenience store operators can take lightly. In fact, giving back to the community should be considered part of the cost of doing business, not to mention part of a company’s long-term mission In today’s competitive convenience store industry, your corporate values and what you

Comcast Customers Can Now Pay Their Bills at 7-Eleven

7-Eleven offers Comcast customers a convenient and simple around-the-clock location to pay their bills in cash. 7-Eleven is now making it easier than ever for Comcast customers to pay their TV, Internet or phone bills with cash. Comcast customers now have the option to pay their bills with cash at one of more than 7,700

Will Fewer Employees Become the Norm?

In the pursuit of efficiency, c-store operations are changing. But, is it for the better? By Fran Duskiewicz Near where I live, the Target and Walmart stores have installed self-checkout sections with scale scanners, payment systems and bagging units available 24 hours a day.  They’re always busy and customers seem comfortable with the process, handling

The Art of Negotiation

Many convenience stores that rely on vendors to supply their retail operations know there’s some give-and-take involved when it comes to relationship building. By Howard Riell, Associate Editor Part of running a profitable c-store business involves effectively negotiating supply contracts and employing solid direct store delivery (DSD) management. Both require experience, a command of a

Why Do Your Employees Think You’re Rich?

Most of your store personnel are unaware of just how much money it takes to operate your business. By Mel Kleiman While your reality may be otherwise, your people probably think you’re rolling in dough simply because you write their paychecks. On top of that, you own your own business, drive a nice car and

Kellogg’s Launches Promotion for Convenience Channel

Kellogg’s has launched an exciting, Olympics themed promotion in the convenience store channel. The Kellogg Co. is bringing the excitement of the 2016 Summer Olympics to convenience stores with the new Kellogg’s Win Gold promotion. “The spirit of the Olympics is contagious,” said Gavin Bowyer, senior director of morning foods and bars. “The ceremonies, the

Massachusetts Makes Equal Pay Mandatory

A new law requires that men and women be paid equally for comparable work in Massachusetts. On Mon., Aug. 1, 2016, during a Statehouse ceremony, Massachusetts Republican governor Charlie Baker signed a pay equity bill into law. According to a report from CBS Boston, the new law, which will take effect July 1, 2018, requires

The Awesome Power of Inventory

By Bill Scott, President, StoreReport LLC It was in the summer of 1984, 32 years ago, a time that preceded the commercial use of the Internet; when Microsoft Windows, Networking, Powerpoint, the World Wide Web, Web Browsers, E-mail, J-Peg images, Broadband, Google, Wi-Fi and “Keeping Up with the Kardashians” were yet to materialize. My newest

Scotsman Ice Announces New Vice President of Sales and Marketing

Scotsman has hired an individual with an impressive foodservice background to serve as the company’s new vice president of sales and marketing. Scotsman Ice Systems has hired Nick Mirkovich as the company’s new vice president of sales and marketing. In his new position, Mirkovich is now responsible for managing sales through distribution, key chain and

Enmarket Names Paul Moody New Vice President

Paul Moody will now take the lead on enmarket’s recently launched rebranding campaign. Savannah, Ga.-based enmarket has announced that Paul Moody has joined the company of convenience stores as Vice President. In his new position, Moody will provide oversight to store operations and will lead the branding change, which was launched in 2015, and is

Speedway is a Growing Influence on Marathon Petroleum’s Profits

Speedway has recorded impressive growth over the past few years. Following the close of the second quarter of 2016, Speedway LLC’s financial results have revealed that the company is continuing to grow at an impressive rate. According to a report from the Dayton Business Journal, Speedway recorded $193 million in profit during the second quarter,

Casey’s Partners with MDA to Send Kids with Muscular Dystrophy to Summer Camp

Casey’s is helping to break down barriers for kids with Muscular Dystrophy. On Aug. 1, 2016, Casey’s General Stores launched a campaign to raise money to help the Muscular Dystrophy Association (MDA) send kids with muscular dystrophy and related diseases to MDA Summer Camp. MDA Summer Camp is a life-changing, barrier-free week of fun and

Convenience Stores Poised for Growth

The current macro environment has created favorable conditions for convenience store sales growth. Wells Fargo Securities has predicted that growth in the convenience store market will be greater than initially expected, due to solid fuel margins and the favorable macro environment that is benefitting in-store sales. The long-term outlook for the industry remains positive. In

Love’s Opens Three New Travel Stops

Love’s has expanded its presence in Missouri and Texas with the opening of its three newest stores. On July 28, 2016, Love’s Travel Stops opened the doors to three new store locations, one of which is in Texas, and two are in Missouri. The new Love’s in Quanah, Texas is located along U.S. Highway 287

Love’s Rewards Company Drivers for Safe Driving

Gemini Motor Transport has granted over $3.4 million in bonuses to recipients of Gemini Safe Driver Credits. Love’s Travel Stops’ fuel-hauling fleet, Gemini Motor Transport, is recognizing its company drivers for their safe driving practices. The company has recognized 135 company drivers for remaining accident-free and adhering to Gemini’s stringent safety policies and procedures for

Dollar General To Enter Fuel Market

The dollar store chain finishes Walmart Express acquisition, plans to operate fueling stations at 37 sites. Dollar General has completed the purchase of 41 former Walmart Express locations across 11 states. The company plans to relocate 40 existing Dollar General stores into the newly acquired sties by October 2016. As a result of the purchase,

Stop Buying Inventory That Won’t Sell In A Delivery Cycle

By Bill Scott, President, StoreReport LLC While this rule may not apply to all types of retailers, in the convenience store environment, it makes a lot of sense. Aside from the fact that convenience stores generally have limited storage space, they are not receiving the margins necessary to offset the cost of maintaining overstock. But

Wallis Cos. to Acquire 33 C-Stores

A new agreement will nearly double the c-store base for Wallis Cos. Wallis Cos. has announced that it has signed a definitive agreement to acquire the assets of U-Gas Holdings Inc. The newly inked agreement states that Wallis Cos. will be acquiring 19 U-Gas c-stores, along with 14 Dirt Cheap convenience stores from U-Gas Holdings.

Gas Prices Drop On Crude Costs, Supply Surplus

Across the country, gas stations post pump prices lower than last year. The national average price of gas has fallen to the lowest it has been since April, now sitting at $2.21 per gallon. According to a report by AAA, ample fuel supplies mixed with declining crude oil costs have contributed to gas prices falling

Parker’s Opens 45th C-Store Location

Parker’s has now opened its 11th South Carolina convenience store. Savannah, Ga.-based Parker’s has opened its newest retail store in Port Royal, S.C., along Savannah Highway at Shell Point Rd. This new store marks Parker’s 11th South Carolina location, and it is the company’s 45th location overall. “We’re delighted to open our latest store in Beaufort

Speedway Adds NCR’s OPTIC Solution

OPTIC helps convenience store chain Speedway get EMV-ready and offers flexibility for developing unique retailer applications. Speedway LLC, the nation’s second largest company-owned and -operated convenience store retailer, has selected NCR’s OPTIC pay-at-the-pump terminals, which are EMV-ready for its 2,770 stores in 22 states. The NCR solution offers a robust consumer experience on an open

Hanley Investment Group Finishes Sale of Three 7-Eleven Convenience Stores

The c-store sales show the “strong appetite investors have for high quality investment-grade net-lease properties,” says Hanley Investment Group SVP. Hanley Investment Group Real Estate Advisors’ Senior Vice President Jeremy McChesney has completed the sale of three 7-Eleven stores—two located in Los Angeles County and one in Orlando, Fla. One of the transactions had a