GasPumpsLR

What Customers Think of Gas Prices And Where They Are Headed

Even as customers expect gas prices to rise, more are optimistic about the economy. Customers expect that gas prices are going to continue their upward climb in June, according to a survey released by the National Association of Convenience Stores (NACS). June is usually a period in which gas prices tend to moderate or even

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How Digital Coupons Could Sway Millennial Shoppers

A Linkable Networks-commissioned study shows that Millennials are more likely to use coupons if they can automatically redeem them. If consumer packaged goods (CPG) retailers and brands want to reach Millennial shoppers with coupons they need to offer digital coupons that offer automatic redemption. Those were the findings of a recent study conducted by Forrester

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White Castle VP Testifies on Proposed Overtime Changes

White Castle participates in a hearing on federal labor and wage regulations on behalf of the National Council of Chain Restaurants and the National Retail Federation. White Castle Vice President Jamie Richardson testified on June 10 before a hearing of the House Education and Workforce Committee’s Subcommittee on Workforce Protections. The Committee was examining federal

Chevron

Chevron Rolls Out Its Xponent Rewards Card

Gas customers save five cents a gallon plus gain opportunities for additional rewards. Chevron U.S.A. Inc. has introduced its new Chevron and Texaco Xponent Rewards Card in select markets with plans to further expand the program across its Chevron- and Texaco-branded retail footprint in the U.S. The new rewards card is a reloadable, prepaid card

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Casey’s Celebrates Record Fiscal Year

Total gallons of gas sold were up 9.1%, while same store sales were up 12.4% at the c-store chain for the year. Casey’s General Stores Inc. has reported strong performance results for fiscal 2015 with sales increases in multiple c-store categories and outlined its 2016 goals. The c-store chain reported diluted earnings per share of

HESS

Hess Tops List of ‘Green’ Energy Companies on Newsweek List

Hess’ ranking shows its commitment to sustainability and environmental impact. Hess Corp. came in first place on the list of ‘green’ U.S. energy companies on the 2015 Newsweek Green Rankings – U.S. 500 that assesses the environmental performance of corporations. The rankings reflect the sustainability and environmental impact of the 500 largest publicly traded companies

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United Oil Becomes ‘United Pacific’

Triples convenience store portfolio with major acquisition from Pacific Convenience & Fuels. United Oil, based in Southern California, has completed an acquisition of 251 gas station and convenience stores from Pacific Convenience & Fuels (PC&F) operating under the My Goods Market and Circle K brands. With the acquisition complete, United Oil is set to begin

acquisition

Inland Private Capital Divests 12 7-Eleven Properties in Ohio

Sale of Ohio c-store portfolio brings IPCC a substantial return for investors. Inland Private Capital Corp. (IPCC) has sold a portfolio of a dozen 7-Eleven convenience store properties, located in northeastern Ohio, for a gross sale price of $35,329,302. IPCC, through its subsidiary, which serves as asset manager, facilitated the sale of the portfolio on

walgreens

Walgreens Drives Engagement With App Partnership

The drug store chain partners with Challenged App to challenge customers to post videos on beauty tips for the chance to win prizes. Drug store behemoth Walgreens is collaborating with the new social competition app, Challenged, which connects socially-activated users, celebrity influencers and charities to drive healthy competition and positive social change. The Challenged app

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Uber, ExxonMobil Partner For Fuel Card Launch

New partnership to help Uber drivers save at Exxon or Mobil branded gas stations nationwide. Uber has introduced the next addition to its Momentum Driver Rewards program: the Partner Fuel Card powered by FleetCor and MasterCard and is partnering with ExxonMobil to help Uber driver partners save at the pump. Exxon will provide Partner Fuel

thorntons

Thorntons Divesting Eight Stores

Store sales aim to best position the c-store chain with its strategic goals. As part of its annual evaluation and repositioning of its portfolio, Thorntons plans to sell eight stores, including three in Terre Haute, Ind., according to a report by WTHITV 10 News. The company noted that the move is a step to best

VP Racing

VP Racing Fuel Elite Program Recognizes Racers

VP “Elite” racers can enjoy discounts and additional benefits through newly introduced program. VP Racing Fuels is introducing its “VP Racing Fuels Elite Program,” coinciding with the company’s 40th anniversary this year and recognizing racers past and present across the spectrum of motorsports who helped VP achieve its position in the industry today. As part

Getty

Getty Welcomes New Chief Operating Officer

New chief operating officer to manage Getty’s real estate activities. Getty Realty Corp. has promoted Mark Olear to the role of chief operating officer, effective June 1, 2015. Olear joined Getty in 2014 as executive vice president and chief investment officer and has more than 18 years of real estate industry experience. As part of

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Hershey Recognized As Top “Green” Company

Newsweek’s Green Rankings recognizes The Hershey Co. for its environmental commitment. The Hershey Co. made the No. 6 slot on Newsweek‘s recently released 2015 Green Rankings list of the top 500 U.S. companies when it comes to environmental stewardship. Hershey moved up a whopping 40 spots on the list compared to its 2014 ranking. “Hershey’s

Kelloggs

Kellogg’s Enhances Family Rewards Program

Changes to the brand’s rewards program in the U.S. make it easier for customers to collect points and earn rewards. Kellogg’s announced that it is revamping its Family Rewards program in the U.S., allowing customers to collect points automatically. Members no longer need to enter codes found on the inside of packages, making it easier

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Retailers Reveal Plenti

New consumer loyalty program might be a jewel of a platform for convenience stores. By Pat Pape, Contributing Editor U.S. shoppers are fond of rewards and have approximately 3.3 billion memberships in customer loyalty programs, according to the 2015 Colloquy Loyalty Census. Research indicates that nearly three-quarters (72%) of Americans would prefer a rewards program

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GPM Completes Acquisition of Village Pantry, Next Door Convenience Stores

Deal boosts GPM store count to more than 750 company-operated c-stores and dealer sites in 16 states. GPM Investments LLC has closed its deal to acquire 161 c-stores with gasoline in Indiana, Ohio, Michigan and Illinois under the Village Pantry and Next Door Store banners. GPM plans to continue operating the stores under their respective

gas_pumps

Will Summer Bring A Drop In Gas Prices?

As refinery maintenance ends and crude costs settle pump prices may start to fall, but a number of factors could push prices back up. On June 1, the national average price for a gallon of gas stood at $2.75, marking the highest average of 2015, according to a report by AAA. But customers might get

thorntons

Super Chill ‘Swipestakes’ Kicks Off At Thorntons

Swiping a Refreshing Rewards card at Thorntons convenience stores could result in big prizes for customers this summer. Thorntons Convenience Stores has introduced its Super Chill ‘Swipestakes’ which allows guests to win prizes when they swipe their registered Refreshing Rewards card between now and Aug. 4 at their local Thorntons store. Customers are entered into

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QuickChek Promotion Benefits 9/11 Service Members

‘Hope For The Warriors’ campaign kicks off June 6 at QuickChek convenience stores. QuickChek Corp. is launching a ‘Hope For The Warriors’ in-store fundraising campaign to raise funds to help support post-9/11 service members and their families. Customers are invited to purchase paper dog-tags for $1 at any of the company’s 140 store locations in

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Royal Buying Group And St. Jude Team For Halloween Campaign

Halloween-themed promotion to aid St. Jude Children’s Research Hospital. Royal Buying Group Inc. (RBG) is preparing its 2015 Halloween promotion to benefit St. Jude Children’s Research Hospital, in which customers can donate to the cause in return for a Halloween-themed pinup. Pediatric cancer kills more children in the U.S. over the age of one than

united supermarkets

The United Family Donates To Benefit Texas High Schools

Contributes more than $45,000 to ‘Project Graduation.’ The United Family, which operates 67 stores in Texas under five banners, including United Express Convenience Stores, is helping some 65 area high schools in West Texas and Dallas-Fort Worth through a $45,000 donation to Project Graduation, which provides students with safe and substance-free graduation parties. The 2015

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Reaping Tax Savings

A little known tax deduction, Section 199 could save some convenience stores money—if they know what to look for. By Mark E. Battersby, Contributing Editor Can a convenience store convince the Internal Revenue Service (IRS) that they are “manufacturers” or engaged in “qualified production activities?” Given our complex and often confusing tax rules, it may

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Optimal Inventory Options

Without the right strategies and tools in place, tracking such line items as fuel pricing and in-store inventory can be a tricky—and costly—proposition. By Marilyn Odesser-Torpey, Associate Editor With stores located in highly competitive marketplaces, Kyle Lawrence, president of Kimball, Mich.-based By-Lo Oil Co., found himself constantly adjusting fuel pricing for the company’s Speedy Q

Getty

Getty Realty Acquires 77 C-Store Properties

The $214 million deal includes locations in the Pacific Northwest, West Coast and Colorado, which were acquired from affiliates of Pacific Convenience and Fuels LLC and simultaneously leased to United Oil. Getty Realty Corp. has acquired 77 convenience store and gas stations located in several high growth regions and operating under an array of well-known

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