Stuzo has announced the appointment of Ken Parent — a convenience and fuel retail veteran and NACS Executive Committee and board member — to its board of directors. “A number of factors attracted me to Stuzo,” said Parent. “First and foremost, I believe Stuzo’s Wallet Steering System is the only proven solution for generating outsized…
MAPCO Opens Alabama Store
MAPCO has opened a new 5,600-square-foot store in Montgomery, Ala., which will feature the chain’s new “Store of the Future” design with an efficient layout and modern details. MAPCO executives honored the grand opening alongside the store team with an official ribbon-cutting ceremony on Aug. 2. As part of MAPCO’s ongoing commitment to the communities…
Growing Gilligan’s
Gilligan’s Retail, a second-generation family business, has been busy elevating its proprietary foodservice offering, rolling out new equipment including bean-to-cup coffee machines and remodeling stores. The eight-year-old company owns and operates 10 Gilligan’s sites in Arizona and two stores in Montana under the banner ‘The Welcome Stop.’ Now, the Scottsdale, Ariz.-based chain is set to…
Colonial Oil Industries Hires New Division President
Colonial Oil Industries — based in Savannah, Ga. — has hired Bob Kenyon to serve in the position of division president. “Bob has the expertise and knowledge of the industry to lead COI into the future,” said Christian Demere, Colonial Group president and CEO. “More importantly, he has the leadership skills to develop and build…
Stewart’s Shops Opens New Location
New York-based chain Stewart’s Shops has announced the opening of a brand new store in Oxford, N.Y. The company continues to deliver on its goal of opening three new shops and replacing 14 in 2022 alone — a mission that will cost the chain $50 million. The newest location was formerly a Blueox store, which…
Maverik Continues Expansion into California
Maverik has announced the opening of a store in west Sacramento, Calif., continuing the chain’s expansion into the state. “Our first California store opening in Oroville last October was well received by travelers in the area and we could not be more excited to continue our expansion in the state,” said Chuck Maggelet, president and…
Sheetz Announces Plans for Expansion Across Western Pennsylvania
Sheetz has shared plans for a major expansion across western Pennsylvania, with hopes to open as many as 30 new sites in the next three to five years, reported CBS News Pittsburgh. This announcement comes just after Wawa — another competing chain in the Pennsylvania market — stated that it plans to double its existing…
7-Eleven Launches Limited-Edition Apparel Collection
7-Eleven has partnered with Overtime and designer Easy Otabor to launch a limited-edition apparel collection. The collection is inspired by “Game to Eleven,” the phrase popularized by pick-up basketball. The streetwear-meets-sportswear designs feature fan-favorite products like Slurpee drinks and Big Gulp fountain beverages subtly intertwined with basketball themes. Included in the collection are 7-Eleven and…
Coca-Cola Makes Packaging More Environmentally Friendly
The Coca-Cola Co. has announced that two of its biggest brands — Dasani and Sprite — will be taking steps to support a circular economy for plastic packaging. Dasani bottles will be made from 100% recycled PET plastic (excluding caps and labels), and Sprite is transitioning from green to clear plastic to increase the material’s…
Rising Interest Rates Present M&A Challenges, Opportunities
As we enter the second half of 2022, the petro mergers and acquisitions (M&A) environment remains positive for both retail and commercial acquisitions. However, current actions by the Fed to counter inflation by raising interest rates and the resultant cost of money may begin to dampen M&A enthusiasm, while moderating cash flow valuation multiples and…