Stop Buying Inventory That Won’t Sell In A Delivery Cycle

By Bill Scott, President, StoreReport LLC While this rule may not apply to all types of retailers, in the convenience store environment, it makes a lot of sense. Aside from the fact that convenience stores generally have limited storage space, they are not receiving the margins necessary to offset the cost of maintaining overstock. But

Wallis Cos. to Acquire 33 C-Stores

A new agreement will nearly double the c-store base for Wallis Cos. Wallis Cos. has announced that it has signed a definitive agreement to acquire the assets of U-Gas Holdings Inc. The newly inked agreement states that Wallis Cos. will be acquiring 19 U-Gas c-stores, along with 14 Dirt Cheap convenience stores from U-Gas Holdings.

Gas Prices Drop On Crude Costs, Supply Surplus

Across the country, gas stations post pump prices lower than last year. The national average price of gas has fallen to the lowest it has been since April, now sitting at $2.21 per gallon. According to a report by AAA, ample fuel supplies mixed with declining crude oil costs have contributed to gas prices falling

Parker’s Opens 45th C-Store Location

Parker’s has now opened its 11th South Carolina convenience store. Savannah, Ga.-based Parker’s has opened its newest retail store in Port Royal, S.C., along Savannah Highway at Shell Point Rd. This new store marks Parker’s 11th South Carolina location, and it is the company’s 45th location overall. “We’re delighted to open our latest store in Beaufort

Speedway Adds NCR’s OPTIC Solution

OPTIC helps convenience store chain Speedway get EMV-ready and offers flexibility for developing unique retailer applications. Speedway LLC, the nation’s second largest company-owned and -operated convenience store retailer, has selected NCR’s OPTIC pay-at-the-pump terminals, which are EMV-ready for its 2,770 stores in 22 states. The NCR solution offers a robust consumer experience on an open

Hanley Investment Group Finishes Sale of Three 7-Eleven Convenience Stores

The c-store sales show the “strong appetite investors have for high quality investment-grade net-lease properties,” says Hanley Investment Group SVP. Hanley Investment Group Real Estate Advisors’ Senior Vice President Jeremy McChesney has completed the sale of three 7-Eleven stores—two located in Los Angeles County and one in Orlando, Fla. One of the transactions had a

Brands Struggle On Customization Efforts

A new survey by Radius Global Market Research shows that brands’ customization attempts aren’t meeting the mark as far as customers are concerned. It is common knowledge that customization is of high importance to customers today, and brands are increasingly responding by using technology and data to provide these customized products and services. A new

CITGO, Boston Red Sox Foundation Introduce Spirit Pump Campaign

Red Sox-branded fuel pumps to help raise money for the Red Sox Foundation at some CITGO-branded gas stations. A number of CITGO branded stations are set to get a Red Sox makeover from July through October as part of a unique campaign. CITGO Petroleum Corp., along with its local New England partners, SEI Fuels, H.A.

Double Quick Finds Fuel Management Solution

The c-store chain gains better control over inventory with Pinnacle Corp.’s Dispatcher Workstation. Obtaining complete control over fuel inventory from ordering to projecting sales and beyond is a key concern for any c-store operation that also sells fuel. Double Quick, based in Mississippi, is using Pinnacle Corp.’s Dispatcher Workstation to more effectively control its fuel

7-Eleven, Flirtey Partner For Drone Delivery

7-Eleven and Flirtey plan to expand drone delivery tests. 7-Eleven has teamed up with Flirtey, an independent drone delivery service, and successfully completed the first fully-autonomous drone delivery to a customer’s residence. The milestone exercise was intended to advance research toward integrating drones into the National Airspace System. This delivery is the first time a

Hough Petroleum Adds Software To Assist With Fuel Price Strategy

Hough Petroleum looks to PriceAdvantage software to help the chain optimize fuel prices and take advantage of market opportunities. Hough Petroleum is streamlining store-specific fuel pricing strategies at its owned and operated locations located throughout New Jersey. Hough Petroleum selected PriceAdvantage software to achieve its goals, based on the software’s ability to centralize critical fuel

Yesway Welcomes Former Cumberland Farms CEO

Petrowski to help Yesway in its strategy to grow to 1,000 c-stores. Yesway, the new convenience store brand by BW Gas & Convenience, has hired industry veteran Joseph Petrowski, former Cumberland Farms CEO, as a senior advisor and member of the firm’s executive committee. Petrowski will report directly to Thomas Nicholas Trkla, the firm’s chairman

Kwik Trip Campaign Raises Funds To Fight Childhood Obesity

Kwik Trip convenience stores raised $65,000 through checkout lane coin canister donations. Kwik Trip Convenience Stores during the month of June raised $65,000 through its 2016 coin canister campaign. The campaign supported the Partnership for a Healthier America (PHA), which works with the private sector and PHA Honorary Chair First Lady Michelle Obama to help

Love’s Debuts Second Travel Center in Van, Texas

New 12,000-square-foot travel center features an array of foodservice options. Love’s Travel Stops & Country Stores has opened its second travel stop in Van, Texas on Interstate 20. The new site is directly across the street from the existing Love’s Travel Center location at Exit 540. “Opening our second location in Van is monumental because

New Competition Cropping Up in New Jersey

Royal Farms has plans for at least four new New Jersey c-stores. Maryland-based Royal Farms has announced plans to continue its expansion into Southern New Jersey. According to a report from NJ.com, Royal Farms has plans to bring at least four new convenience store locations to the area. The first of these four locations will

Thorntons Seeks 100 New Team Members

Thorntons is looking to fill a variety of positions, and is offering competitive base pay and benefits to attract 100 new team members. Thorntons is currently looking to hire over 100 new team members in the Louisville, Ky. area. The new team members will be hired at a new hourly minimum rate of $10.25, which

Eby-Brown Names New Senior Vice President of Merchandising

Eby-Brown’s newest executive team member is expected to be an asset to the company’s continued growth. Eby-Brown has added T.J. Powers to the company’s executive team. In his new position as senior vice president of merchandising, Powers will be responsible for the enhanced growth and positioning of the company’s merchandising strategy. “T.J. brings more than

7-Eleven and Redbox are Offering Free Movie Nights this Summer

7-Eleven customers can now receive a coupon for a free Redbox movie when they purchase a Big Gulp fountain drink. 7-Eleven Inc. is teaming up with Redbox to bring free movies to 7-Eleven customers. Now through Aug. 31, 7-Eleven customers can receive a FREE Redbox movie night with every Big Gulp fountain drink purchase, while

VERC Demonstrates its Appreciation of Law Enforcement

Following the recent tragic events nationwide, VERC has decided to show its support to local law enforcement by sending fruit baskets to police stations. VERC Enterprises recently sent fruit baskets to police departments in the 25 towns where it maintains convenience stores in order to show its appreciation of local law enforcement. The idea came

Retailers Reinvest in Growth

Many retailers are freeing up their resources so that they can focus their energies on innovation. Many retailers have found themselves in positions that allow for few growth opportunities and hinder their abilities to compete in today’s market, but new research from Accenture suggests that retailers have the ability to reverse this trend. According to

New Rutter’s Store to Open in Hamburg, Pa.

Rutter’s has announced the construction of its 65th convenience store. Rutter’s has announced that it will soon be opening a store in new territory. According to a report from Leigh Valley Business, Rutter’s will soon open a new store in Berks County, Pa., on a busy stretch near an entrance to Interstate 78. The new

Certain Walmart Stores in Canada No Longer Accept Visa

Unable to reach a new swipe fee agreement, Walmart has chosen to stop accepting Visa cards for payment in its Canada stores. Last month, Walmart announced that it would stop accepting Visa credit cards in its Canadian locations if the company was not able to reach a deal over Visa’s “unacceptably high” swipe fees, and

Swiss Farms Celebrates National Drive-Through Day

Swiss Farms will offer select ‘Buy One, Get One Free’ beverages in celebration of its 48 years in the drive-through market on National Drive-Through Day. Swiss Farms will be celebrating National Drive-Through Day from 6 a.m. to 10 p.m. on Sun., July 24. In celebration of the unofficial holiday, Swiss Farms will be offering a

Hunt Brothers Pizza Sponsors Ken Schrader

Hunt Brothers Pizza is hosting the driver who holds the fastest truck lap record at Eldora Speedway. Hunt Brothers Pizza will once again be the primary sponsor for Ken Schrader and the No. 71 Contreras Motorsports (CMS) Toyota Tundra. Hunt Brothers will be sponsoring Schrader for the Aspen Dental Eldora Dirt Derby on July 20

New QuickChek Features Pharmacy

QuickChek is redefining convenience with the addition of pharmacy services at its newest location.  A new QuickChek fresh market store has opened in Beachwood, N.J., and unlike any other QuickChek location, this new 7,460-square-foot store offers pharmacy services. The new store is located at 533 Atlantic City Boulevard, just down the road from its current store.

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