Valentine’s Day Spending Dips

The number of people surveyed who plan to celebrate the holiday has dropped by nearly 10 percentage points since 2007. For the past decade, customers have been increasing their Valentine’s Day spending, but according to an annual survey released by the National Retail Federation and Prosper Insights & Analytics, Valentine’s Day spending is expected to

Leonard E. Belcher Divests Commercial Fuels and Wholesale Distillate Businesses

Matrix Capital Markets Group Inc. provides merger and acquisition advisory services to L. E. Belcher during sale. Sprague Operating Resources LLC, a subsidiary of Sprague Resources LP acquired Leonard E. Belcher Inc.’s distillate terminal assets and commercial fuels and wholesale distillate businesses. The acquired assets consist of two pipeline supplied distillate terminals and a distillate

Food Origin, Transparency Among Key Customer Concerns

Some 50% of customers surveyed listed plants as the best source of protein. Food origin is an important consideration for today’s shoppers, as they want to know how their food is produced, transported and handled. This is one of hundreds of findings in “What’s in Store 2017,” the latest edition of the annual trends publication

Convenience Store Industry Grows

The convenience store industry has grown its store count by 63% in the last 30 years. The U.S. convenience store count increased to a record 154,535 stores as of Dec. 31, 2016, a 0.2% increase (340 stores) from the year prior, according to the 2017 NACS/Nielsen Convenience Industry Store Count. The industry store count has

Pilot Flying J Reveals Road Warrior Contest Winners

Three professional drivers receive cash prizes. Pilot Flying J has announced the winners of its third annual Road Warrior campaign. Jacqueline Rocha of Acworth, Ga., Kevin Mailand of Lawrence, Kan., and Charles Johnson of Dubuque, Iowa, have been named the grand, second and third place Road Warrior winners respectively. In September 2016, Pilot Flying J

CITGO Named ‘Official Fuel Sponsor’ of Boston Marathon

CITGO presence to extend beyond race day to the months leading up to the event on April 17. CITGO Petroleum Corp. and the Boston Athletic Association (B.A.A.) announced the beginning of a multiple-year sponsorship agreement, making the Houston-based oil refining and marketing company the Official Fuel Sponsor of the Boston Marathon. Since 1965, CITGO has

Parker’s, WSAV Partner To Recognize Outstanding Students

U.S. Naval Academy student receives academic scholarship. Parker’s partnered with WSAV-TV to award a $500 academic scholarship to Madeline Prince, a senior at Hilton Head Island High School on Hilton Head Island, S.C. who plans to attend the U.S. Naval Academy in the Fall of 2017. Parker’s President and CEO Greg Parker presented Prince with

Ricker’s Launches Merchandise Pricing and Promotion Solution

Partners with Kalibrate to grow inside store profits. Indiana-based Ricker’s Convenience Stores recently collaborated with Kalibrate, a provider of strategy and technology services to the global fuel and convenience retail industry, to optimize its retail merchandise pricing strategy. With a strategic objective to increase gross profits at targeted revenue objectives in its 56 convenience retail

NOCO Express Opens New C-Store

After three-month remodel, acquired c-store features Tim Hortons, fresh food and expanded beverage variety. NOCO Express officially celebrated the grand opening of its newest City of Buffalo, N.Y. location at 2058 Delaware Avenue, at the corner of Amherst Street. The family-owned and locally-operated gasoline convenience chain purchased the former Sunoco location in 2016 and recently

Harvest Partners Acquires Minority Interest in GPM

GPM looks to work with Harvest Partners to find and assess acquisition opportunities. Harvest Partners SCF, LP has completed the acquisition of a $62.5 million minority ownership position in GPM Investments LLC, the largest privately-owned convenience store company in the United States. GPM is led by president and CEO Arie Kotler. The investment provided liquidity

Parker’s Continues Community School Donations

On the first Wednesday of each month, Parker’s donates a portion of gas sales to a local school. Parker’s recently donated $5,000 to Bryan County Schools through the company’s popular Fueling the Community program, which donates a portion of the sale of every gallon of gas on the first Wednesday of each month to area

Connecticut Eyes $15 Minimum Wage

The proposal could face a tough time passing the state Senate. Democratic lawmakers are leading a charge in Connecticut to increase state’s hourly minimum wage to $15. According to an article in the Wall Street Journal, the state’s minimum wage increased to 10.10 on Jan. 1 from $9.60 an hour, but advocates of a further

Gulf Oil Expands With Falcon Oil Partnership

Three Falcon Oil stations convert to the Gulf brand and two additional locations may follow. Gulf Oil has increased its reach in Pennsylvania through an expanded relationship with Falcon Oil. With this expansion, Gulf will provide branded wet barrel supply to several of the Blakely, Pa.-based company’s stations throughout the region. Three of Falcon Oil’s

Are Pump Prices Declining?

While the average price of gas is up over last year, increased U.S. oil production is behind a current dip in price over the past 15 days. Gas prices are moving downward with the average price of gas at $2.31 on Jan. 23 —down four cents from last month. Prices have moved lower for 14

Target To Launch Mobile Payment

Target shoppers will soon have the ability to pay using a cell phone app. Target Corp. on Tuesday announced plans to introduce its own mobile payment service in Target stores, allowing shoppers to pay via an app on their mobile phones. According to a report by Reuters, while the launch is expected to be this

Kum & Go Launches Food Rescue Pilot Program

Partners with Care and Share Food Bank. Kum & Go and Care and Share Food Bank for Southern Colorado announced a food rescue pilot program at a grand opening celebration for Kum & Go’s newest Colorado Springs store. Through the food rescue program, Kum & Go will donate safe, prepared excess food to Care and

Ownbey Enterprises Divests Chevron-Branded Dealer Supply Business

The sale allows Atlanta-area marketer, Premier Petroleum to extend into parts of north Georgia and Tennessee. Long time Chevron branded marketer, Ownbey Enterprises has strategically divested its entire dealer supply business as part of a comprehensive business reorientation. “The decision to part from Chevron and our many dealers was a very hard one to make.

VERC Enterprises Acquires Mayflower Food & Spirits

Plymouth, Mass. landmark to continue to sell ‘comfort food’ maintain its ‘homey feel’ as VERC provides capital improvements. VERC Enterprises, a convenience store and Mobil/Gulf gasoline operator with locations throughout eastern Massachusetts and New Hampshire, is the new owner of Mayflower Food & Spirits, known throughout Plymouth and surrounding communities for its prepared hot meals,

7-Eleven Selects New Creative Agencies

7-Eleven Inc. has selected Deutsch as its lead creative agency of record. The 7-Eleven Brand shifted to a new creative agency to support its ongoing efforts to cater to changing customers’ needs. Ketchum will retain the public relations business. “The challenge is to stay one step ahead of our customers, offering the products they want,

Stripes Opens Next-Generation C-Stores

New design features Laredo Taco Co.’s fresh and authentic food.  Stripes Convenience Stores and Laredo Taco Co. have unveiled a redefined customer experience with the opening of its next-generation stores across Texas and Louisiana. The first next-generation Stripes stores opened in October 2016 in Texas, offering a more spacious convenience-store and dining experience. The new

Pilot Flying J Welcomes New Vice President of Food Innovation

Five-year modernization plan involves a revamp of food offerings. Pilot Flying J has named Shannon Johnson as vice president of food innovation. “As Pilot Flying J embarks on a $485 million five-year modernization and expansion plan, a key component of the strategy includes our food offerings,” said Ken Parent, Pilot Flying J president. “Shannon Johnson

Rutter’s and SOAR Support Troops Overseas

For 12th year running, Rutter’s helps American troops have a happy Valentine’s Day. Rutter’s and Support Our American Recruits (SOAR) are teaming up for the 12th year packing Valentine’s Day gift boxes to be shipped to American troops stationed abroad Wednesday, Jan. 25, 2016. The boxes will be filled with snacks, chewing gum, coffee and

Euromonitor Lists Top 10 Global Consumer Trends for 2017

Authenticity and personalization are key attributes to customers. Euromonitor International has released its annual “Top 10 Global Consumer Trends for 2017” report, which analyses the trends that will shape the consumer landscape this year. 2016 was defined by uncertainty with growth in global consumer expenditure slowing to 2.4% in real terms – the lowest rate

Sunoco LP Divesting 100 Real Estate Assets

Properties are located in a number of states and will be sold in a sealed bid sale. Sunoco LP (“SUN” or the “Partnership”) has retained NRC Realty & Capital Advisors, LLC to assist with strategic alternatives for more than 100 real estate assets. Real estate assets included in this process are company-owned locations, undeveloped greenfield

TA Opens New Fuddruckers In Nevada

The Sparks, Nev. Fuddruckers showcases a classic, roadhouse design. The TA Restaurant Group has announced its opening of a new Fuddruckers restaurant located at I-80, Exit 19 (McCarren Blvd.), in Sparks, Nev. This location is the third Fuddruckers in the TA Restaurant Group. The Texas-based eatery is known for having the World’s Greatest Hamburgers, a