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
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
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’ 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 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,
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 &
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
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 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