Par Petroleum Releases Second Quarter 2015 Financial Results

Second quarter 2015 financial report reveals growth for Par Petroleum. Par Petroleum Corp. has released financial results for the second quarter 2015. The highlights of the report are as follows: Net Income of $11.7 million, or $0.31 per diluted share in the second quarter of 2015 compared to net loss of $24.7 million, or $(0.81) per


How To Attract Hispanic Shoppers

The Hispanic American population is growing steadily; therefore, it is crucial to long-term growth that retailers understand these consumers. A study performed by The NPD Group has revealed that Hispanic Americans, particularly those who speak Spanish on a regular basis, shop differently and buy different things when compared to other Americans. In particular: ●    Bilingual Hispanics spend 20%

How Stalled Traffic Growth Is Impacting The Foodservice Industry

Report by NPD Group shows a decrease in U.S. restaurant units in the face of flat traffic growth. The NPD group has released a census of U.S. commercial restaurant locations, which is compiled yearly in the spring and fall, that has revealed a decrease in U.S. restaurant units. A 3% drop in independent restaurant unit counts compared to year

Kum & Go to Open Three New Iowa Stores

Kum & Go expands its presence in Iowa to 156 stores. Kum & Go has acquired three Iowa City-Coralville, Iowa area convenience stores. All three stores were formerly operated as Gasby’s and are expected to be re-opened as Kum & Go stores later this year. The stores located in Iowa City (2303 Muscatine and 1310 Gilbert Street) will be re-branded and begin operations

Couche-Tard to Rebrand 700 “Extra” Stores to Circle K Brand in Mexico

Circle K expects to reach a minimum of 2,400 stores in Mexico by 2030. Alimentation Couche-Tard Inc. (Couche-Tard) will be rebranding over 700 Extra convenience stores located throughout Mexico to the Circle K brand. An agreement was signed by Couche-Tard, through its wholly-owned indirect subsidiary Circle K Stores Inc., with Comercializadora Círculo CCK, S.A. DE C.V. (CCK), which states

CST Brands Reports Revenue Decline

CST Brands has high hopes for third quarter 2015, after a fair second quarter. After making some major acquisitions and capital investments this past year, San Antonio-based CST Brands Inc., which operates the Corner Stores chain of convenience stores, reported a decline in revenue in the second quarter compared to the same period last year.

Core-Mark Releases Second Quarter Financial Results

Cigarette sales increase, along with increases in volume and sales margin increases, have led Core-Mark to experience significant growth.   Core-Mark Holding Co. Inc. has announced financial results for second quarter 2015, which ended June 30. The results in the report reveal exceptional growth in a number of areas. This growth has led the company to adjust

Retailers Look to Enhance Loyalty Programs

As customer behaviors and shopping habits evolve, so must loyalty programs and the entire shopping experience. Boston Retail Partners (BRP) have released a report which reveals that retailers understand the necessity of updating loyalty programs to satisfy today’s tech-savvy customers. New technology has ignited evolution of consumer habits, and it is crucial that retailers evolve with the consumer.

Hershey Learn to Grow Benefits Thousands in Côte d’Ivoire

Hershey is helping cocoa farmers increase productivity with The Hershey Learn to Grow program, but the aid doesn’t end there. Thousands of farmers in Côte d’Ivoire will be helped through the new partnership between The Hershey Company and its long-term cocoa sourcing partner, Barry Callebaut. The Hershey Learn to Grow program will help not only Ivorian cocoa

Sunoco LP Releases Financial Results

Sunoco LP reveals substantial growth in year-over-year comparison.   Sunoco LP has released its second quarter financial and operating results for the three months which ended June 30, 2015. Along with these results, Sunoco provided updates on recent developments. A year-over-year comparison of the results from second quarter of 2014 and the results that have

Kwik Shop Takes Over Former QuikTrip Site

Kroger c-store expands its footprint in the Midwest. Kwik Shop has purchased the former QuikTrip convenience store and gas station in Council Bluffs, Iowa. The Kroger Co.-owned convenience retailer announced it has bought the land and all existing buildings at 1749 W. Broadway and plans to reopen a larger, renovated store within two months. A much

Stripes Opens in Rosenberg, Texas

The latest Stripes convenience store boasts a truck stop and super beer cooler. Rosenberg, Texas is now home to the newest store location from Stripes Convenience Stores. The store’s grand opening, August 7, showcases a large selection of convenient food options provided by Laredo Taco Co. A ribbon cutting ceremony held at the grand opening

Seasonal Swings Sway Sales

Summer temps aren’t the only weather occurrences affecting car wash sales this year. By Anne Baye Ericksen, Contributing Editor What a difference a few thousand miles makes. While Californians face strict water restrictions, residents throughout the South and Midwest are cleaning up after record-breaking spring and summer flooding. Ironically, these divergent weather conditions are stirring

7-Eleven Celebrates 20th Anniversary of Operation Chill

7-Eleven encourages children to be good citizens and helps law enforcement officers to build a strong relationship with the community. 7‑Eleven, Inc. is celebrating the 20th anniversary of its Operation Chill incentive program. For two decades, this program has been used to reward children for doing good. The program includes U.S. police officers “ticketing” kids with Operation

Kum & Go Names Senior VP of Human Resources

Tennessen will fill top HR position at Kum & Go. Kum & Go has hired Krischelle Tennessen as senior vice president of human resources. In this role, she will be a member of Kum & Go’s senior leadership team, reporting directly to CEO Kyle Krause, president and CEO. Tennessen has an extensive educational background and

American Beverage Association Sues San Francisco

The American Beverage Association is not alone in its fight against new legislation. Legislation passed by the San Francisco Board of Supervisors in June resulted in some of the strongest laws in the U.S. related to beverages enhanced with sugar, and the American Beverage Association is fighting back. According to a report by the SFGate, on

EMV Solutions for Petroleum Retailers

Petroleum retailers should act now, before liability can be incurred for fraudulent transactions. With the Payment Networks’ Liability Shift looming in the near future, retailers must take action to protect themselves. In order to avoid possible liability for fraud, retailers are seeking EMV solutions for their stores. In order to meet these needs, comprehensive and

Chevron’s Second Annual Game Day Chef Challenge

Chevron offers fans the opportunity to win thousands of dollars in gift cards during the second annual Chevron Game Day Chef Challenge. Chevron U.S.A. Inc. is offering a grand prize of $25,000 in Chevron gift cards to the winner of the second annual Chevron Game Day Chef Challenge. This Challenge is a cooking contest which invites contestants

Kum & Go Announces New Larger Store Prototype

Kum & Go has big plans for future stores. Kum & Go, a convenience store chain headquartered in West Des Moines, Iowa, has announced a  prototype for its future stores. The new prototype will begin construction this August, and is expected to be completed by the year’s end. According to a report by The Des Moines

Thorntons Announces Expansion of Headquarters

Thorntons will spend nearly $28 million on expansion project. Thorntons has decided to increase its presence in the Commonwealth by moving its Louisville, Ky. headquarters to a larger facility. Governor Steve Beshear and Louisville Mayor Greg Fischer announced the expansion and said they are happy to report that the business intends to remain in Louisville.

Francois Oil Celebrates 75 Years in Belleville, Wis.

Community support and strong partners help Francois Oil achieve 75 years of service. CITGO Petroleum Corp. celebrated CITGO Marketer Francois Oil’s 75 years of service to the Belleville, Wis. on Aug. 1, by inviting the community to join the celebration with a day of food and fun at the Belleville Community Park. Open to the public, the

North American Electrolux Team is Growing

Electrolux celebrates 10th anniversary in North America and looks back upon 10 years of growth. During its first ten years in North America, Electrolux Professional Inc’s North American team has grown, substantially. “As we look to strategically grow, we are constantly looking at expanding our team and resources by hiring the best talent out there. We

NRF Speaks Out On ‘Ambush’ Union Elections Court Ruling

Union organizing elections timeline has “nothing to do with making elections fair,” says NRF spokesperson. The National Retail Federation (NRF) issued the following statement from Senior Vice President of Government Relations David French on a federal judge’s ruling in favor of National Labor Relations Board regulations that allow union organizing elections to be held in

U.S. Gas Price Dip Continues For Longest Period Since January

South Carolina gas $1.50 per gallon less than California gas due to regional factors. The national average price for regular unleaded gas in the U.S. declined for 12 consecutive days (July 15-27), marking the longest dip since January. Month-over-month, pump prices have moved lower in 34 states and Washington, D.C., offering relief to motorists. The

Couche-Tard Sells Lubricants Business in Europe

Deal should close by year’s end. Alimentation Couche-Tard Inc. has signed, through its wholly-owned indirect subsidiary Couche-Tard Luxembourg S.A.R.L., an agreement to sell its lubricants business to FUCHS PETROLUB SE (FUCHS). The sale is through a share purchase agreement, pursuant to which FUCHS would acquire 100% of all issued and outstanding shares in Statoil Fuel