acquisition

MLPs: Sign of the Times

In the last 12 months, more convenience store chains are banking on the benefits of master licensing agreements to improve their position in a widely-fragmented industry. By David Bennett, Senior Editor Acquisitions have always played a strategic role in the convenience store industry. Take for example CST Brands Inc., which last month entered into an

Cenex Retailer - Creekside

Cenex Tank Program Assists Retailers Offering E15

Covers a significant portion of the cost to purchase and install an additional storage tank for the purpose of offering E15. CHS, an energy, grains and foods company and the nation’s leading farmer-owned cooperative, has announced a new program to better enable some of the 1,400 Cenex branded locations to meet consumer demand for an

gasnozzle

One Last Hurrah for Peak Driving Season in U.S.?

By Brian Milne, energy editor at Schneider Electric. Recently released reports suggest stronger gasoline consumption in the United States this summer compared with preliminary data from the federal government, although a falloff in year-on-year demand from late in the second quarter is still observed. Initial reaction to the new data suggests a more bullish view

Hackers behind TARGET data breach are looking for crackers to decrypt Credit card PINs

Target’s Q2 Results Show Struggles

Pre-tax data breach expenses totaled $111 million or 11 cents a share. It’s been a rough second quarter for Target Corp., which suffered a data breach in the fourth quarter of 2013. The big box giant reported second quarter adjusted earnings per share of 78 cents, a decrease of 20.6% from 98 cents per share

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Fool’s Gold As U.S. Gasoline Demand Takes Plunge From Annual High

By Brian Milne, energy editor for Schneider Electric Gasoline futures trading on the New York Mercantile Exchange tumbled to a better-than six-month low on the spot continuation chart Aug. 15 before reversing higher in late trade on heightened geopolitical tension, with the price pressure again generated by weak demand and growing supply. After spiking to

corner Store

CST Brands Inc. Reports Second Quarter 2014 Results

U.S. merchandise gross profit dollars increased 5%. CST Brands Inc., one of the largest independent retailers of motor fuels and convenience merchandise in North America, reported financial results for the second quarter ended June 30, 2014. Three Months Results For the three month period ending June 30, 2014, the Company reported net income of $32

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Doors Open at 60th Rutter’s Farm Store

The new site is open 24 hours a day, seven days a week and includes 12 fueling spaces and four high-speed truck diesel fueling spaces. Rutter’s Farm Stores has opened the doors at its second location in Dauphin county, providing customers east of the Susquehanna River more opportunity to take advantage of the Rutter’s Rewards

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The Hub Breaks Ground

New chain aims to be the premier c-store destination in the open expanse of North Dakota. By Erin Rigik, Senior Editor It is unprecedented that Convenience Store Decisions would select a Chain to Watch that hasn’t finished constructing its first location, but The Hub Convenience Stores, which is set to open its first travel center

Rattlers

Rattlers Poised For Growth

The Texas chain is upping its game online while perfecting its own grab-and-go concept. By Erin Rigik, Senior Editor With 11 locations in Texas, Rattlers Convenience Stores, is set to renovate one of its earliest stores located near its company headquarters in Navasota, Texas, doubling the location’s size. It’s just one sign the growing chain

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Zarco Debuts Innovative Pump Service

Zarco USA gains sales from fuel customers with touchscreen ordering that allows patrons to order their favorite foods while filing up their tanks. By Erin Rigik, Senior Editor Scott Zaremba, president of Lawrence, Kan.-based Zarco USA this past May rolled out touchscreen ordering at the pump at one of his nine convenience stores, with plans

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Distribution Models That Deliver

A self-distribution model can cut out the middle man and help your chain save on costs, but is a big capital investment. Partnering with a good distribution provider can be the right course of action, but only if the arrangement brings value to your operation. By David Bennett, Senior Editor Candy, tobacco, drinks, food and

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Managing Loss Prevention

Shrink comes in all shapes and sizes, but knowing how to identify and remedy these occurrences can enable c-stores to turn losses into gains. By David Bennett, Senior Editor When a convenience store is humming along efficiently, the signs are unmistakable: The coffee is fresh and flowing. People are enjoying prompt foodservice offerings. Motorists are

UnitedExpressBakery

Bolstering Bakery

C-store customers are seeking fresh baked treats for breakfast and snacking occasions. By Erin Rigik, Senior Editor Savvy retailers are diving into bakery programs to entice morning customers who want sweet treats with their morning coffee, as well as afternoon snackers seeking fresh and indulgent goodies. As both the breakfast daypart and snacking occasions grow

walgreens

Walgreens to Remain U.S. Based Despite Acquisition

Purchasing Europe’s Alliance Boots. Walgreens is set to acquire the remaining 55% of European pharmacy retailer and wholesaler Alliance Boots in an agreement that will keep its corporate tax headquarters in the U.S., despite speculation that the drug store chain would move its headquarters overseas to take advantage of a lower corporate tax rate. Walgreens

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Couche-Tard Acquiring 55 Stores From Tri Star Marketing

Sites located in Illinois and Indiana. Alimentation Couche-Tard Inc.’s Mac’s Convenience Stores LLC is acquiring 55 stores and related assets from Tri Star Marketing Inc. and affiliates, of which 51 stores are located in the state of Illinois and four stores are located in the state of Indiana. These stores are currently operating under the

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RaceTrac Petroleum Inc. Named Convenience Store Decisions’ 2014 Convenience Store Chain of the Year

Outstanding retail programs, a people-focused culture, a connection with its guests, an elegant new store design and a growing presence in the foodservice business earn RaceTrac Petroleum Chain of the Year honors for 2014 Exceptional leadership, great stores and unsurpassed customer service are the hallmarks of the convenience store industry’s extraordinary chains. Following these guiding

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VERC Enterprises Opens Newly Renovated Store

Customers will find a much larger Dunkin’ Donuts, newly-renovated restrooms and a more spacious look and feel to the store. VERC Enterprises, a convenience store and Gulf gasoline operator with locations throughout Massachusetts, has completed extensive renovations of its Kingston location, which has now re-opened for business. “We believe people will really like our new

Somerset Station

Kentucky Town Now Selling Gas

Following years of residents’ complaints over local gas prices, the Kentucky city of Somerset has opened up its own pumps to the public. By David Bennett, Senior Editor. After much anticipation on the part of motorists—and hand wringing by local gas retailers—the city of Somerset, Ky. opened its new fuel pumps to the public Saturday,

wawa florida

Wawa To Close First Store

After 50 years, Wawa says goodbye to its first location as it looks to build a more modern store. The first Wawa Convenience Store, located on MacDade Boulevard and Swarthmore Avenue, which opened 50 years ago, is set to close as a new, larger site is slated for MacDale Boulevard and Kedron Avenue, Mainline Media

gasnozzle

Speculators Unload Long Positions in Gasoline Contract

By Brian Milne, Energy Editor for Schneider Electric. Speculators holding positions in the U.S. gasoline contract unwound 30% of their bets that gasoline prices in the United States would increase, with the gasoline contract dropping to a 3-1/2 month low mid-July as the market looks to higher refinery runs offsetting peak seasonal demand. Nearest delivered

Rattlers

Rattler’s Poised For Growth

The Texas chain is upping its game online while perfecting a grab-and-go concept. By Erin Rigik, Senior Editor. Rattler’s Convenience Stores, with 11 locations in Texas, is set to renovate one of its earliest stores located near its company headquarters in Navasota, Texas, doubling the location’s size to accommodate today’s competitive market. The chain is

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7-Eleven Increases Franchise Incentive For Military Veterans

Recent veterans enjoy a 20% franchising-fee discount. Recognized as “military friendly” by multiple veterans’ organizations and publications, 7-Eleven Inc. is serious about growing its franchisee ranks with qualified military veterans. The world’s largest convenience retailer has increased its franchising-fee discount to 20% capped at $50,000 as an added incentive for qualified veterans who have left

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CITGO Launches Second Annual Fueling Education Promotion

Eighty-four educators to receive $1,000 in school supplies. Helping teachers and students succeed in the classroom is the foundation of the CITGO Fueling Education Promotion, a program that offers teachers, student teachers and PTA/PTO members a chance to win $1,000 in school supplies for their classrooms. Now through Oct. 19, 2014, eligible K-12 public school

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Buc-ee’s Sues B&B Grocery Over Similar Mascot

Buc-ee’s claims the “Frio Beaver” logo infringes on its Beaver logo and mascot. Convenience store chain Buc-ee’s Ltd. is suing B&B Grocery Inc. and Anica B. Joran, individually and as a member of Austin Logo Designs LLC, for using a beaver mascot in its logo that is similar to Buc-ee’s, the Southeast Texas Record reported.

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Susser Provides Second Quarter 2014 Operating Results

Earnings conference call set for Aug. 8 at 11 a.m. EST. Susser Holdings Corp. and Susser Petroleum Partners LP provided partial operating results for the second quarter and first half of 2014. Susser Holdings expects to report: Merchandise—Same-store merchandise sales growth of approximately 4% for the second quarter, which included the Easter holiday, versus growth

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