CEOs Weigh in On Best, Worst States for Business

Chief Executive magazine announces results of annual “Best & Worst States for Business” survey. Chief executives, who favor pro-growth, low-tax states, ranked Texas, Florida and North Carolina as the best states in the U.S. for business, according to Chief Executive magazine’s 2015 “Best and Worst States for Business” survey. In the annual survey, completed by

Survey Shows More Retailers Plan To Use Gamification

Some 87% of retailers plan to use gamification to engage the customer within five years. In direct response to heightened consumer expectations for a personalized, seamless experience wherever, whenever and however they shop, engaging the customer and managing the customer experience are top priorities for retailers. Unified commerce and customer experiences that transcend channels are

Cashing in With Digital

Digital gift cards provide an opportunity for convenience stores to improve customer service, appeal to a younger demographic and add to in-store sales. By Howard Riell, Associate Editor With more emphasis on speed and convenience, customers increasingly enjoy being able to pay on the go, with a swipe of their phones. According to a report

Combating Onsite Crime

Technology and training are helping make stores less vulnerable to lawbreakers. By Howard Riell, Associate Editor Because of the nature of how convenience retailers must conduct business, stores are prime targets for theft. However, with effective employee training combined with better technologies on the market, such as smart safes and advanced video systems, retailers are

CST Brands Inc. Reports Net Income of $14 Million

In the first quarter of 2015, CST Brands sees net income increase of 27%. CST Brands Inc., one of the largest independent retailers of motor fuels and convenience merchandise in North America, reported financial results for the first quarter ended March 31, 2015. Three Months Results “Led by a strong U.S. fuel margin along with

Six Mr. Gas Stores Divested in Tennessee

“Although we devoted our hearts and soul to the successful operation of our stores and were very proud of them, we realized that the future of our company rested in the wholesale side of our business,” says president of McNutt Oil. PetroActive Real Estate Services LLC announced the successful retail chain divestiture of M G

Sunoco LP Announces 1Q 2015 Financial and Operating Results

Gallons sold increases 40% versus 1Q 2014 volume. Sunoco LP (SUN) announced financial and operating results for the three months ended March 31, 2015 and provided an update on recent developments. Adjusted EBITDA totaled $43.7 million as compared to adjusted EBITDA in the first quarter of 2014 to $15.7 million. Distributable cash flow for the

Core-Mark Announces First Quarter 2015 Financial Results

Sales increased 6.6% to $2.5 billion. Core-Mark Holding Co. Inc., one of the largest marketers of fresh and broad-line supply solutions to the convenience retail industry in North America, announced financial results for the first quarter ended March 31, 2015. “Core-Mark’s first quarter results gives us a solid start for 2015. I am very pleased

Cenex Zip Trip Launches Smartphone App

Partners with Verge Retail Connect. Cenex Zip Trip, a chain of 70 convenience/gas stores across Washington, Idaho, Montana, Wyoming, North Dakota, South Dakota and Minnesota, has launched its first customer smartphone app using the Verge Retail Connect platform. Connect provides retailers with the ability to positively interact with customers, and forms the foundational framework for

Gas-Mart Closes Sale of 19 Kansas City Locations

Appoints John Tittle as new CEO. GasMart USA Inc. (GasMart) announced today that, effective April 27, 2015, it sold its 19 stores in the greater Kansas, Mo. area. The transaction, in addition to two other sales currently under contract, concludes a six-month sale process conducted by GasMart in its efforts to restructure its balance sheet

Study Reveals How Consumers React to ‘The Store of the Future’

Survey of over 1,000 U.S. consumers finds that “cool” features help shoppers discover relevant products, information and get through the store; “creepy” ones identify, target and track. RichRelevance released a new study, “Creepy or Cool,” that reveals consumer attitudes towards digital enhancements to the store shopping experience. The study finds that shoppers think it is

MFA Oil Co. Purchases Fuel Supply Agreements

Purchase includes 30 supplier contracts with dealers. MFA Oil Co. has purchased, through its subsidiary American Petroleum Marketers LLC (APM), a portion of the dealer fuel supply agreements owned by Sunshine Fuels LLC and Sunshine Energy LLC. The purchase includes 30 supplier contracts of dealers in Missouri, Kansas and Oklahoma. These stores will continue to

Wayne Fueling Systems Teams With Ascentium Capital

Now offering financing on Wayne equipment, services and start-up costs for retailers in the U.S. WayneFueling Systems, a global provider of fuel dispensing, payment, automation, and control technologies for retail and commercial fuel stations, has joined forces with Ascentium Capital to offer c-store and fuel retail customers innovative equipment finance options for Wayne products, technologies

MacDougall Memorial Minute to Precede NYACS Trade Show

This year’s NYACS trade show to welcome more than 150 exhibits. The New York Association of Convenience Stores will observe 60 seconds of silence to remember convenience store icon John MacDougall at the start of its 29th annual Trade Show next Thursday, May 14, at the Oncenter in Syracuse N.Y. The “MacDougall Memorial Minute” will

7-Eleven Awards C-Stores To Top Three Contestants

All three military veteran finalists selected as winners. 7-Eleven Inc. hit a triple in Operation: Take Command, the contest to award a U.S. military veteran a 7-Eleven store. Although one finalist was expected to emerge in the last round of the competition, all three finalists were selected as winners. Active-duty Active Duty U.S. Army Captain

Rutter’s Raises Thousands for Local Children

Rutter’s Children’s Charities raised a record-setting $135,000 to benefit Central Pennsylvania children’s charities at the 13th annual golf outing held this week at Out Door Country Club in York, Pa., the company announced this week. The annual event has raised more than $1.4 million for children’s charities in Central Pennsylvania since its beginning in 2003,

First U.S. Coalition Loyalty Program Launches

Customers can earn points at many places including Exxon through new loyalty program. Plenti, the first U.S.-based loyalty coalition program is now available to consumers online at Plenti.com and at thousands of partner retail locations including AT&T, Exxon, Macy’s, Mobil, Nationwide, Rite Aid, Direct Energy, Enterprise Rent-A-Car, and Hulu. Plenti, a program operated by American

Holt Oil Looking Ahead

A family-grown business for three generations, Holt Oil Co. is casting a wider net in North Carolina’s coastal region. By David Bennett, Senior Editor At times, businesses are so focused on future growth they forget their ties to the community. Fayetteville, N.C.-based Holt Oil Co. doesn’t forget either community or family. In positioning the company

Sunoco LP Announces New Chairman and Other Board Changes

Matthew Ramsey succeeds Sam Susser as chairman of the Board. Sunoco LP has appointed Matthew Ramsey as its new chairman of the Board. Ramsey succeeds Sam Susser, who has resigned from the Board to pursue other new business interests. Ramsey has served as a director of Sunoco LP (SUN) since August 2014, serving as chair

Gas Prices Hit New High

Average U.S. gas prices grow 55 cents since January. The national average price of gas is $2.58 per gallon, as of April 30, marking the highest average so far this year, AAA reported. Pump prices have soared 55 cents higher since a low of $2.03 in late January, making this the largest seasonal increase in

TravelCenters of America Acquires 19 Locations

Sites expected to be rebranded as Minit Mart. TravelCenters of America LLC (TravelCenters), operator of the TA and Petro Stopping Centers travel center and the Minit Mart convenience store brands has completed its previously disclosed acquisition of 19 gasoline/convenience store locations in Kansas (three) and Missouri (16) for $27 million. TravelCenters expects that the convenience

Battery Swap Model Takes Top Prize

Fuels Institute announces winner in Future of Transportation Student Competition. A proposed battery swap model developed by University of Wisconsin students to increase the viability of electric vehicles was named the winner of the Fuels Institute’s inaugural Future of Transportation Case Competition at the Institute’s Spring Meeting in New Orleans. The University of Wisconsin team’s

Couche-Tard Clarifies Court Filing

The Circle K Corporation filing for bankruptcy has no link to the subsidiary of Couche-Tard. Alimentation Couche-Tard Inc. (Couche-Tard) is clearing up any potential rumors of a bankruptcy after it learned that a Court document dated April 24, 2015 and filed before the United States Bankruptcy Court in the District of Arizona pursuant to a

Get-n-Go Convenience Stores Leverage PriceAdvantage

Critical real-time data, enables the South Dakota retailer to make instant, informed pricing changes. Olson Oil has chosen PriceAdvantage software to automate and accelerate fuel pricing at their 18 Get-n-Go conveniences stores throughout South Dakota. Olson Oil selected PriceAdvantage based on its confidence that the software will help them price fuel more confidently and quickly.

Marathon Petroleum To Split Stock

Move aims to make shares more accessible for a more diverse range of investors. Marathon Petroleum Corp. is planning a two-for-one stock split after more than doubling in value since being spun off by Marathon Oil Corp. four years ago, Bloomberg reported. The company said it believes the stock split would make its shares more

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