What to Know About Sale-Leasebacks

A recent lease accounting rule change provides a new financing wrinkle for retailers. By Mark Radosevich Fifteen years ago, I worked as a deal originator for a Lehman Brothers entity focused on the sale-leaseback (SLB) as an alternative to traditional debt financing for retail petroleum acquisitions. Some of the advantages of an SLB that we

Condon Invested in Family Express’ Future

From programmatic hiring to competitive training processes, Kris Condon is helping shape the convenience store chain’s flourishing workforce. By Erin Rigik, Senior Editor Frontline employees are the backbone of any c-store chain, which makes crafting a strategy for successful hiring, training, conveying of company culture and retaining quality talent crucial for any convenience store chain.

Croton Holding Co. Acquires Par Mar

Par Mar Oil Co. has been acquired by Croton Holding Co., based in Pittsburgh. Fifth Third Securities Inc. served as the exclusive financial advisor to Par Mar Oil Co. in the transaction. “This transaction highlights the continued strategic activity in this industry and the value of partnering two organizations that can grow by leveraging their

First 365 by Whole Foods Market to Open Next Month

Whole Foods Market has plans to open 13 new 365 by Whole Foods Market locations in the next two years. The first ever 365 by Whole Foods Market location is now scheduled to open in the Silver Lake neighborhood of Los Angeles on May 25. This new brand was designed to complement the Whole Foods

Kroger Announces Partnership with Lucky’s Market

The new partnership between Lucky’s Market and Kroger will benefit both companies, and their customers. The Kroger Co. has entered into a strategic partnership with Lucky’s Market. As a part of the new partnership, Kroger has made an investment in the specialty grocery store chain, which focuses on natural, organic and locally-grown products. The partnership

The Key To Successful Sales

By Bill Scott, President, StoreReport LLC In the 1960s, I was fortunate enough to have worked for the L.M. Berry company, a well-known telephone directory advertising business. They had an excellent sales school that I was required to attend before I became active in the sales process. I was a pretty good salesman before joining

7-Eleven Now Accepting Tax Payments Through Agreement with IRS

Customers can now pay their taxes at more than 7,000 7-Eleven Convenience Stores. 7-Eleven is helping to make paying taxes easier for those without bank accounts or credit cards who can now pay their taxes right at their local 7-Eleven c-store when they stop in to pick up Slurpees or snacks. The Internal Revenue Service

CDA Names New President and CEO

The CDA has named a seven year company veteran as its new president and CEO. The Executive Committee for the Convenience Distribution Association (CDA) has officially named Kimberly Bolin as the company’s new president and CEO. The announcement follows a period, which began Feb. 19, 2016, during which Bolin acted as interim president and CEO.

Nouria Energy Acquires J&S Oil Assets

Nouria Energy has acquired eight convenience locations and more through its acquisition of J&S Oil assets. The acquisition of J&S Oil assets by Nouria Energy Corp. is officially complete. Eight convenience store locations with fuel, two Express Lube auto-service stations, three state-of-the art carwash locations, a wholesale fuel supply division and a transport logistics business

How to Boost Employee Retention

The annual Workplace America report has revealed the key drivers that help employers retain their employees. The 12th annual Workplace America report has been released by TalentKeepers. The report observes employee engagement and retention trends, and it is now the longest continuously running study of engagement and retention in the U.S. Over 880 organizations participated

Snyder’s-Lance Commits to Cage Free

Snyder’s-Lance is making an effort to improve its supply chain sustainability. Snyder’s-Lance Inc. has announced new efforts to begin using only 100% cage-free eggs. The efforts are being made as the company continues to commit to supply chain sustainability. The company intends to use 100% cage free eggs in all of its products that contain

Kum & Go Launches New Rewards Program

Kum & Go customers will now be rewarded for their everyday purchases through the new &Rewards program. A new free rewards program from Kum & Go is rewarding customers simply for shopping at Kum & Go. The free program, &Rewards, is easy to use and customers earn points for everyday purchases, like fuel, food, soft drinks,

Sunoco Privately Offers Senior Notes

Sunoco LP has announced a private offering of senior notes in order to repay a portion of a recently entered loan. Sunoco LP is privately offering $500 million of senior notes, which will be co-issued by Sunoco Finance Corp., a wholly-owned direct subsidiary of Sunoco. The senior notes are due 2021. Sunoco intends to use

Hunt Brothers Announces Fishing Themed Promotion

Although some may be disappointed about the lack of fish pizza, excitement is growing around Hunt Brothers’ latest promotion. On April 1, 2016, Hunt Brothers Pizza announced its latest fishing themed promotion, along with the release of a fish-flavored pizza. This ReelFish Pizza would have featured fresh caught bass, hearty kale and a lemon drizzle

Corner Store Gives to Children’s Miracle Network Hospitals

Corner Store is giving back to the communities it serves through a campaign to raise money for Children’s Miracle Network Hospitals. During the 22nd Miracle Balloon campaign, Corner Store, its customers and its team members are helping give back to local kids being treated at Children’s Miracle Network Hospitals (CMN Hospitals). The campaign runs from

TravelCenters Acquires 17 Wisconsin C-Stores

Quality State Oil is leaving the convenience store business in order to focus its efforts on the wholesale fuel business. TravelCenters of America LLC has officially completed the acquisition of 17 Wisconsin convenience stores from Quality State Oil. Formerly branded Q Marts, these 17 stores will be branded as Minit Mart convenience stores. In addition

TravelCenters Announces Citizen Driver Honorees

This year’s Citizen Drivers will have their favorite TA or Petro Stopping Center named after them. At the 2016 Mid-America Trucking Show (MATS) in Louisville, TravelCenters of America LLC held its third annual Citizen Driver luncheon ceremony, where it announced this year’s Citizen Driver honorees. TravelCenters’ Citizen Driver program recognizes professional drivers for bringing respect

GasBuddy Launches Dating App

GasBuddy will soon help customers meet the budget-conscious driving partner of their dreams. The lonely traveler doesn’t have to be lonely any longer now that GasBuddy, the fuel app for helping consumers save money at the pump, has announced the launch of a new dating app, GasBuddyWithBenefits. While GasBuddy has been a mainstay in the

TravelCenters Set to Close Quaker Steak Deal

By David Bennett, Senior Editor TravelCenters of America LLC expects to complete the acquisition of Quaker Steak & Lube chain in the next few days, said the national owner and operator of truck stops and convenience stores. Famous for its hot wings and burgers, the Sharon, Pa.-based Quaker Steak & Lube filed for bankruptcy in

Love’s Opens Second New York Location

Love’s newest location offers a wide range of amenities, including a Dunkin’ Donuts restaurant. The second Love’s Travel Stop location in New York is now officially open at the intersection of Interstate 90 and State Route 22 in Canaan, N.Y. The new location offers professional drivers a new place to rest and access driver services,

Kum & Go Marketplace Prototype Design Opens in Missouri

A new Kum & Go location in Republic, Mo. offers customers a wide variety of unique offerings. On Thursday, March 31, 2016, Kum & Go opened the doors to its newest convenience location in Republic, Mo. This newly constructed 6,200+ square-foot Marketplace design prototype is located at 3049 U.S. Highway 60. The new store has

PepsiCo Announces Changes in Leadership

New leadership changes has expanded the responsibilities of a number of PepsiCo senior executives. In an effort to support ongoing strategies for company growth, PepsiCo Inc. has made a number of leadership changes which will expand the responsibilities of key leaders in the company. The company has announced the departure of Tom Greco, CEO of

Implementing Ricker’s Employee-Centric Philosophy

With more than 18 years as Ricker’s director of human resources, Karen Mitchener spearheads training, employee recognition and retention. By Erin Rigik, Senior Editor Ricker’s philosophy is if it takes care of its employees, they will take care of its customers. Karen Mitchener, director of human resources for Anderson, Ind.-based Ricker’s, has played a central

Developing Employees at Roadrunner Markets

One convenience store chain shares its story on how it transformed its employee pool into a deep resource. By David Hite Roadrunner Markets, part of Mountain Empire Oil Co., is a 92-location convenience store chain located in the Appalachian region comprising southwest Virginia, Northeast Tennessee and western North Carolina. We have more than 700 employees,

FDA Delays Menu-Labeling Rules Until 2017

Fight to change the menu-labeling rules continues in the Senate. Convenience store operators can breathe a momentary sigh of relief as expensive menu-labeling rules, which were required to be implemented this year, are now being delayed until 2017. The Food and Drug Administration (FDA) announced this month that it would delay the enforcement of menu

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