Couche-Tard Revenues Up

With the acquisitions carried out in the past 12 months and the sharp increase in the retail price at the pump, Alimentation Couche-Tard Inc. posted solid growth in revenues for the third quarter of fiscal 2008. Revenues for the 16-week period ended February 3, 2008, rose 31.2%, reaching $4.6 billion, i.e. an increase of $1.1

New Rules for Conn. C-Stores

Convenience store owners in Hartford, Conn., will have to adhere to new rules if they want to keep their doors open overnight. The city is imparting new safety rules on 24-hour gas stations and convenience stores in order for the stores to stay open overnight. Stores that wish to operate overnight are now required to

Food Industry Mergers and Acquisitions Surged in 2007

The upward pace of mergers & acquisitions in the food industry continued in 2007, with a total of 413 transactions completed during the year and an additional 60 agreed upon, but not yet closed by the end of the year, according to The Food Institute, which has been tracking food business mergers and acquisitions for

CHS Strikes Deal to Acquire Zip Trip

CHS Inc. said today it reached a deal to acquire 33 Zip Trip convenience stores in the Spokane, Wash. area, owned in part by Jopo Inc. and Jo-By Enterprises LLC. Financial terms were not disclosed. All of the units will be rebranded under the Cenex retail brand this summer. The purchase will make Spokane the

U.S. Gas Prices Reach Record High

The American Automobile Association says the price of gas went up to just under $3.23 cents a gallon overnight, a bit higher than the previous record price set last May. Record oil prices are the reason. The cost of a barrel reached about $110 dollars Tuesday morning. They are up from $87 a barrel in

N.Y Smoke Screen Costly

New York State is losing out on $1.6 million per day by failing to collect taxes on cigarettes sold through Native American tribal businesses as required by law. That was the result of a study commissioned by the New York Association of Convenience Stores (NYACS) and done by economist Brian O’Connor, Ph. D. NYACS said

Welsh Mart Founder Honored

For nearly half a century, the business acumen of Robert J. Welsh Jr. has shown brightly in Indiana and across the country. It seems fitting, then, that Welsh, CEO and chairman of Welsh Holdings, LLC was inducted this week into the inaugural class of the Northwest Indiana Business and Industry Hall of Fame. Welsh, now

Houston Aims to Curb C-Store Crime

A sweeping retail reform ordinance has been proposed in Houston that would require all convenience store owners to register their businesses with the city and install cameras, drop safes and panic buttons. The proposal is now headed to the City Council for a vote in the coming weeks. The council’s Public Safety and Homeland Security

Eliminating Cash Shrinkage

Evolution of Cash Management and the Retailer

Chevron Unveils New Refining Technology

Chevron Corp. said it plans to build a pre-commercial plant at its refinery in Pascagoula, Miss., to test the technical and economic viability of a breakthrough heavy-oil upgrading technology. This proprietary technology, called Vacuum Resid Slurry Hydrocracking (VRSH), has the potential to significantly increase yields of gasoline, diesel and jet fuel from heavy and ultra-heavy

Congress Warns Credit Card Companies to ’Play Fair’

House Judiciary Committee Chairman John Conyers (D-Mich.) and Rep. Chris Cannon (R-Utah) yesterday introduced the "Credit Card Fair Fee Act", legislation that for the first time deals with the biggest credit card fee of all–the interchange fee, which grew to $36 billion in 2006. "We welcome this effort to stop the price-fixing practices of the

Two New Stores for Kum & Go

Kum & Go L.C., operator of 430 convenience stores in 12 states, has added two new-to-industry stores to its portfolio. Both units, in Greeley, Colo. and Elk Point, S.D., measure 3,400 square feet and are open for business. The Colorado unit features 16 fueling stations and includes diesel and E85 fuels. In addition to the

Health Groups Urge Higher Cigarette Taxes in N.Y.

Health-care advocates in New York called upon the legislature to increase the double the state tax on cigarettes to $3 a pack to encourage smokers to quit and increase state revenue. "The price increase will encourage 168,000 adult smokers to quit and prevent 291,000 teens from ever smoking," Russell Sciandra, director of the Center for

Shell Reaches Deal with PacWest Energy

Shell Oil Products US, closed on a deal to transition ownership of 84 branded sites to PacWest Energy LLC, a joint venture formed between Shell and Jacksons Food Stores Inc., a Meridian, Idaho-based Shell-branded wholesaler. The sites will continue to sell Shell-branded gasoline, although PacWest will rebrand the stores at 62 of these locations to

BP to Hold Guitar Hero Tournament

BP’s ampm convenience store brand plans to make its mark in Atlanta. To spotlight the arrival of ampm in the Greater Atlanta area, stores will host a month of Guitar Hero play-off events Throughout March, all would-be rock stars, young and old, will have the chance to unleash their inner guitar hero and battle it

Chevron Unveils Employee Giving and Volunteer Program

Chevron Corp. announced a new employee giving and volunteer program that will provide up to $20 million annually for U.S. nonprofit organizations. The new program, Chevron Humankind, includes company matching for employee financial contributions, grants to nonprofits for volunteer time and company-sponsored volunteer opportunities. Chevron Humankind, open to U.S.-based employees and retirees, allows employees to

Philip Morris Stays on the Offensive

Just a week after filing suit against a New York company to stop importation of counterfeit cigarettes, Philip Morris USA has filed a complaint with the International Trade Commission (ITC) to stop illegally imported gray market cigarettes bearing PM USA’s trademarks, including the Marlboro mark, from entering the U.S. “Our brands are among our company’s

Sheetz Aims to Improve Field Service Activities

Sheetz Inc., the Altoona, Pa.-based operator of 344 stores in six states, has partnered with ViryaNet Ltd.’s Service Hub for Retail to automate its field service operations, including the activities associated with workforce management, facilities maintenance and store equipment repair. Sheetz prides itself on the adoption of the most current technology and continually is seeking

What’s in a Name?

Nestlé Foodservices North America is now the newly-created Nestlé Professional. More than just a change in name, the foodservice-dedicated organization has been restructured to allow for a closer partnership with its customers in delivering creative profitable solutions. As a globally-managed business in the Nestlé group, Nestlé Professional will utilize its global reach and depth of

Village Pantry Adds Nine Stores

Village Pantry Inc. said it has acquired nine convenience stores in central Ohio from Petro Acquisitions, Inc. The stores, formerly operated by AmeriStop Market, will be rebranded under the Village Pantry banner. Each store averages 2,700 square feet and like most traditional convenience stores offers quick snack items, lottery tickets, money orders, pre-paid cellular and

Gas Stations Slapped With Huge Fine

Two Georgia travel plazas in St. Marys are back open after being fined $500,000 by the Department of Agriculture. Tests by the agency showed gas at the Cisco Plazas in St. Marys and Kingsland was being shorted, some by about a pint per gallon. The pumps were locked for almost two weeks but have been

BP Selling Ohio, Pa. Stores

BP’s U.S. Convenience Retail unit said that 146 retail sites are for sale throughout the Columbus, Ohio, Cleveland and Pittsburgh metropolitan areas. Of the 146 sites, 121 are available for franchise, one as a de-branded gasoline site, 24 as BP dealer sites with fuel agreements, and 12 with multiple offerings including commercial use. As part

Road Ranger Acquires 11 AmeriStops

Road Ranger Convenience Stores, which made headlines last month for its multimillion dollar lawsuit against CITGO Petroleum, reached a deal to acquire 11 AmeriStop convenience stores in Kentucky and Ohio. Road Ranger, based in Rockford, Ill., now operates 74 stores across the Midwest. Petro Acquisitions Inc., the Cold Spring, Ohio-based parent company of the AmeriStop

Wright Express Completes Pacific Pride Deal

Wright Express Corp. has completed its $32-million acquisition of privately held Pacific Pride Services Inc. The deal was financed through the company’s existing credit facility. Pacific Pride’s franchise network encompasses more than 330 independent fuel franchisees who issue their own Pacific Pride commercial fueling cards to fleet customers. These cards provide access to fuel at

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