Starbucks’ New Initiative to Help Economic Development

Starbucks looks to provide opportunities to youth in diverse, under-represented neighborhoods. Starbucks has announced two strategic initiatives to support economic development and social change in diverse, urban communities. These initiatives will help young people connect with meaningful employment and pathways to success. These programs correspond with the launch of the private-sector led 100,000 Opportunities Initiative to increase hiring of

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Open Pantry Executive Team Gets Pied

MS fundraising challenge has delicious end for Open Pantry leaders. Although those at Open Pantry are happy to devote their efforts to raising funds to find a cure for Multiple Sclerosis, the chain was given some sweet incentive to strive to fundraise even harder. Open Pantry has played a big part in the fundraising effort

Sarah Bragg Promoted to Parker’s Development Supervisor

Anticipation for expansion leads Parker’s to promote a new development supervisor. Sarah Bragg is the new development supervisor for Parker’s. Bragg will now implement training and development strategies for Parker’s retail stores in Georgia and South Carolina. This Missouri native originally joined Parker’s in 2012 as a manager at the Ellabell, Ga. store. She previously worked as

Rutter’s Announces New Corporate Giving Programs

Customers will be given the opportunity make a real difference by voting for which charity they think Rutter’s should provide with funds.  Rutter’s is launching two new corporate giving programs to continue its financial support of local children’s charities. These two new programs are Vote with Your Dollars and Rutter’s Rewards Schools. Since 2005, Rutter’s has given over $4.45

Sunoco Prices Public Offering of Common Units

Sunoco LP to use net proceeds from the offering to repay borrowings and for general partnership purposes.  Sunoco LP (the Partnership) has priced its registered underwritten public offering of 5,500,000 common units. The units represent limited partner interests in the Partnership, pursuant to an effective shelf registration statement on Form S-3, previously filed with the Securities

Altria Updates Agreement With Philip Morris International

Altria collaborates with Philip Morris International to further commercialize the sale of electronic vapor products.   As the popularity of vapor products continues to rise, companies that provide these products are searching for ways to provide to a wider range of consumers and to progress in the industry. Altria Group Inc. is expanding its strategic

Joint Venture Between Swedish Match and Philip Morris International Dissolves

Slow development in the snus industry leads to the end of the joint venture between Swedish Match and Philip Morris International. Swedish Match (SWMA) and Philip Morris International (PMI) have decided to dissolve their joint venture in the sale of smokeless tobacco products outside Scandinavia and the U.S. Although the venture will come to an end, the companies

The Hershey Co. Appoints New Chief Marketing Officer

Hershey rearranges leadership in order to promote company growth. Marketing veteran, Peter Horst, will join The Hershey Co. as senior vice president, chief marketing officer, beginning July 27, 2015. Horst joins Hershey from Capital One Financial Corp. where he served as senior vice president of brand marketing, and prior to that, chief marketing officer for Capital One Bank.  “Peter is

4 Sons Saves With Lighting Upgrade

4 Sons’ lighting upgrade will save thousands while attracting business.   With the cost of electricity, it is no surprise that lighting a store can become costly, and on top of that cost comes maintenance costs, because lights don’t last forever. Maybe funding lighting for one store isn’t such a daunting task’ but for 4 Sons and

Mars Chocolate to Expand Topeka, Kan. Location

Mars is expanding to create jobs in the communities that it serves. Mars Chocolate North America has announced that it will be breaking ground on a new state-of-the-art 90,000-square-foot facility in Topeka, Kan. Mars will invest an additional $100 million in the already existing facility in Topeka, Kan. With the expansion, the company will create 70 new full-time, permanent,

Sabine Oil & Gas Seeks Bankruptcy Protection

Plummeting fuel prices push companies to seek bankruptcy protection. As global gasoline prices decline, many oil companies are finding it difficult to make ends meet. On July 15, 2015 Sabine Oil & Gas Corp. filed for Chapter 11 bankruptcy. The company has been struggling to make interest payments on its existing debt. According to Bankruptcy &

County Fair, CITGO Sponsor Bike Rally

Roll out new loyalty app to kick off the Roar on the Shore event. CITGO Marketer Country Fair Inc. and CITGO Petroleum Corp. are once again joining forces to support the Roar on the Shore motorbike rally, set to take place this week in Erie, Pa. This is the second year CITGO and Country Fair

Energy Transfer Partners and Energy Transfer Equity Move Forward with Strategic Plan

Transaction agreement between ETE and ETP is expected to substantially benefit both companies. Energy Transfer Partners L.P. (ETP) and Energy Transfer Equity L.P. (ETE) have been strategically planning ways to maximize company success, struck a deal  July 15, 2015, to move in that direction. ETP and ETE have announced the exchange of 21 million ETP

Casey’s CEO to Retire

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

Alimentation Couche-Tard Releases Results for 2015 Fiscal Year

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.

Marathon Petroleum Acquiring MarkWest Energy

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

Celebrating 50 Years With Kwik Trip Day

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

Murphy USA Charged In Patent-Infringement Case

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 &

Another Starbucks Price Hike?

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 to Finance POS Technology Upgrades

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

Is Online Shopping Increasing?

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

Dunkin’ Donuts Continues Expansion Efforts

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:

Prepaid Shopping Drives Revenue

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.

Site of Burned QuikTrip Revitalized

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.

Hometown Grocer Helps Raise Over $200,000

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

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