Casey’s General Store CEO to retire; meanwhile, the chain’s profits are on the rise. Robert Myers, CEO and 26-year veteran of Casey’s Convenience Store Inc., will retire in April 2016. Myers will be succeeded by Chief Operating Officer, Terry Handley, who has been with the company for 34 years. According to a Nasdaq report, Myers will
Acquisition of The Pantry, fiscal growth and new strategies are hoped to propel business in fiscal 2016 for Alimentation Couche-Tard. Alimentation Couche-Tard Inc. has released its results for the fourth quarter and the results are encouraging. For its fourth quarter, which ended April 26, 2015, Alimentation Couche‑Tard Inc. announced net earnings of $129.5 million, representing $0.23 per share on a diluted basis.
MarkWest to operate as a unit of MPLX. Marathon Petroleum Corp. is purchasing MarkWest Energy Partners LP for $15.6 billion, through its pipeline unit MPLX LP, allowing it to expand into natural gas processing, according to a report by Reuters. The cash-and-stock deal will create the fourth-largest master limited partnership, valued at $21 billion. The
Kwik Trip celebrates 50th anniversary with drink promotions. Convenience store chain Kwik Trip, based in La Crosse, Wis., has reached a giant milestone. Kwik Trip is celebrating its 50th anniversary. On Friday, La Crosse, Wis. and Onalaska, Wis. proclaimed July 10 as “Kwik Trip Day.” For the next month, the company is offering a number of different
Patent-infringement case results in the payment of $9.25 million in damages. A Texas jury has found that Murphy USA has infringed upon four patents on automated synchronous pricing and advertising system patents. Murphy must now pay $9.25 million in damages to Banys, P.C.’s trial team, led by Christopher Banys, along with Wesley Hill of Ward, Smith &
Starbucks will increase prices, despite recent increase in profits and decrease in customer satisfaction. Despite an 18% increase in company profits last quarter with $4.6 billion in net profits, CNN Money reported that Starbucks will be raising some of its beverage prices. The new price increase is to be implemented on Tuesday July 14, 2015.
Chevron looks to Patriot Capital Corp. to upgrade POS technology. Patriot Capital Corp., a provider of innovative equipment financing solutions, will now offer equipment financing and leasing to Chevron Products Co., a division of Chevron U.S.A. Inc. Patriot Capital Corp. will service Chevron’s nearly 8,000 retail networks in the U.S. Patriot Capital Corp. will help
Online shopping is growing in popularity as many U.S. shoppers prefer to search for deals online rather than to search through brick-and-mortar stores. New research indicates that consumers are taking advantage of the growing online marketplace. In Mintel’s Online Shopping U.S. 2015 report it is revealed that over two-thirds (69%) of U.S. online adults shop
Seven store development agreements signed to develop over 50 new Dunkin’ Donuts restaurants. Dunkin’ Donuts has announced the signing of multi-unit store development agreements with seven franchise groups. These agreements allow the development of 51 new restaurants in Virginia and West Virginia over the next several years. The seven franchise groups and their development plans include:
Unexpected avenues must be taken to maximize revenue from prepaid programs. Prepaid shopping is on the rise, and research conducted by Aite Group (in partnership with InComm) has revealed that most merchants are considering adding to their prepaid programs. Aite Group has discovered three prime opportunities for merchants to maximize revenue from prepaid programs. 1.
QuikTrip donates site of burned QuikTrip to Urban League to build a new center to benefit the community. A groundbreaking ceremony was held Thursday for the new Urban League Center which will be built on the site of the Ferguson, Mo. QuikTrip which was looted and set on fire in August during the Ferguson riots.
Cub Foods Round Up Campaign helps better the lives of children in the community. Teaming up with the Minnesota Twins and Pepsi, Cub Foods, a hometown grocer since 1968, helped to raise more than $210,000 for the Boys & Girls Clubs of the Twin Cities. Cub Foods hosted a two-week “Cub Cares” Round Up Campaign
A changing health landscape doesn’t seem to be enough to spark change in health strategies, but there are other variables that may bring employers into action. The health landscape is in a constant state of change and most employers plan to evolve with it, but few are actually doing so. A recent survey by Aon
Maverik has proposed plans for a new c-store that would feature an updated design concept. Maverik Inc., a Utah based convenience store chain, which operates 270 stores in Western states, has proposed plans to replace the former Colorado Feed & Grain Cookhouse east of Interstate 25 with a convenience store and gas station. According to a
For protection from creditors and as a turnaround attempt, Gas-Mart has filed a Chapter 11 bankruptcy petition. Gas-Mart officials have received permission to utilize a $1.5 million loan from UMB Bank while the company reorganizes and attempts to find buyers for some of its stores, according to Bankruptcy and Debt Dow Jones. The loan is
When searching to fill key positions, Love’s looks to promote from within. Longtime employee, Roger Ahuja, has been named vice president of operations for Love’s Travel Stops (Love’s). “With Roger’s experience and skills as an effective business strategist, he will be an exceptional leader,” said Tom Love, executive chairman and founder of Love’s. “He’s already
Business owners are seeking ways to make convenience store shopping even more convenient for customers. In order to meet consumer demand and to make shopping even more convenient, Parker’s convenience store has released a new app for iPhone and Android users. The mobile app is completely free and it grants customers access to Parker’s daily
A new partnership will help Reed’s to increase brand presence. Reed’s Inc., maker of craft sodas for natural food stores, has developed a distribution partnership with RBI Beverages. RBI, a new age beverage distributor based in Springdale, Ark., recently began distributing Reed’s brands throughout northwest Arkansas and northeast Oklahoma. To start, RBI carries 10 of
Workman Oil, which operated c-stores primarily under the banner Apple Market, starts new phase under Fuel USA ownership. Fuel USA LLC has acquired all of the assets of Workman Oil Co., effective June 29. Workman Oil, headquartered in Forest, Va. just outside of Lynchburg, was a retailer at 52 convenience store locations in Virginia
The second annual Country Run has some key improvements that customers wont want to miss. CST Brands, parent company of Corner Store, has announced the dates and venues for the 2015 Corner Store Country Run. This year, CST Brands has added two additional locations for a 10-city lineup. The 2015 run is presented by Aquafina and net
Parker’s hires an experienced loss prevention manager to protect its assets. Jonathan Wilson has been hired as a loss prevention manager for Parker’s convenience stores. Wilson is now responsible for protecting assets at all Parker’s locations using strategic safety, inventory recovery and theft reduction programs. Before joining Parker’s, Wilson worked as a loss prevention manager at
7-Eleven launches second on-demand delivery service, this time in Austin, Texas. Last week, 7-Eleven launched its first ever delivery service in the San Francisco area, and this week it has expanded its on-demand delivery service to Austin, Texas. The delivery service in both areas is powered by Postmates, a San Francisco based technology company. Postmates is a tech
New Floresville, Texas Corner Store features a Redbox and in-store dining area, among other amenities. The grand opening of the new Corner Store at 908 10th Street, Floresville, Texas was celebrated Friday with giveaways and a ribbon-cutting ceremony. At the ribbon-cutting, Pete Linton, regional vice president for CST Brands, Corner Store’s parent company, presented Floresville High
7-Eleven convenience stores in the U.S. to begin installing ATMs from a subsidiary of the company that supplies ATMs to its Japan-based locations. Financial Consulting & Trading International Inc. (FCTI), of California, is the new ATM provider for 7-Eleven Inc. The agreement between FCTI and 7-Eleven was completed on July 6, 2015. FCTI is a wholly-owned subsidiary
Jiffy Mart exceeds fundraising goal, raising $11,500 for St. Jude. For the eighth year in a row, during the month of May, Jiffy Mart stores in Carroll County Md. took part in the “Give Thanks. Give Hope.” campaign for St. Jude Children’s Research Hospital. Jiffy Mart customers and associates have raised over $59,000 for St. Jude since