AdvancePierre Proposes Public Shares Offering

AdvancePierre may be offering common stock shares for sale through three book-running managers. AdvancePierre Foods Holdings Inc. has proposed an initial public offering of shares of its common stock. The company has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the “SEC”) relating to the offering. The number of

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What to Know About Sale-Leasebacks

A recent lease accounting rule change provides a new financing wrinkle for retailers. By Mark Radosevich Fifteen years ago, I worked as a deal originator for a Lehman Brothers entity focused on the sale-leaseback (SLB) as an alternative to traditional debt financing for retail petroleum acquisitions. Some of the advantages of an SLB that we

Croton Holding Co. Acquires Par Mar

Par Mar Oil Co. has been acquired by Croton Holding Co., based in Pittsburgh. Fifth Third Securities Inc. served as the exclusive financial advisor to Par Mar Oil Co. in the transaction. “This transaction highlights the continued strategic activity in this industry and the value of partnering two organizations that can grow by leveraging their

Cruisers Launches Mobile App

Cruisers customers now have the chance to win exclusive prizes through the company’s new mobile app. Through a new partnership with GasBuddy OpenStore, Boyett Petroleum’s Cruisers gas stations and convenience stores has announced launched a brand new mobile app. In addition, Cruisers has announced a complete redesign of its Website. The new and improved website,

NATO to Drop Trade Show, Focus on Public Policy Issues

The 2016 show later this month in Las Vegas will be the last as the association turns its attention to issues at the local, state and federal levels. The National Association of Tobacco Outlets (NATO) announced it will focus its resources exclusively on public policy issues at the local, state and federal levels, and end

Kroger Announces Partnership with Lucky’s Market

The new partnership between Lucky’s Market and Kroger will benefit both companies, and their customers. The Kroger Co. has entered into a strategic partnership with Lucky’s Market. As a part of the new partnership, Kroger has made an investment in the specialty grocery store chain, which focuses on natural, organic and locally-grown products. The partnership

Fast Casual Restaurant Chains Grow in Popularity

The NPD Group has revealed the top five fast casual restaurants based on number of units, and Chipotle is currently on top. Research from The NPD Group has revealed that fast casual restaurant chains have grown in both units and customer visits. The number of fast casual chain restaurants rose by 5% to 19,043 total

PriceAdvantage Experiences Substantial Growth

Large and small fuel retailers are adopting PriceAdvantage software, leading to substantial company growth. PriceAdvantage, a division of Skyline Products, has revealed that the company experienced substantial growth for the first quarter of 2016. This growth has been attributed to a number of new customers, as well as the expanded use of company software by

Mondelēz International Announces Strategic E-Commerce Partnership

Chinese consumers will now have greater access to Mondelēz International products. Mondelēz International has announced a new strategic e-commerce partnership with Alibaba Group. This partnership will provide Mondelēz International greater access to e-commerce, and will expand its reach and deepen its penetration in the Chinese market. Chinese consumers will now be able to purchase a fuller

The State of the Tobacco Industry

Wells Fargo Securities has released a report, evaluating data from Nielson Equity Research, and has made a number of conclusions regarding the current state of the tobacco market. Data from Nielson Equity Research on the tobacco market has been released, and the tobacco industry has demonstrated growth in a number of areas, while others have

Early PATH Study Findings Reveal E-Cigarette Trends

Early findings of the PATH study from the FDA have revealed growing trends in the e-cigarette market.  One of the most important areas of research in the tobacco industry is electronic cigarette use, and the U.S. Food and Drug Administration has released some of the early findings from its Population Assessment of Tobacco and Health (PATH)

Pilot Flying J Partners With Cree

LED upgrades to bring energy savings, eliminate maintenance costs. Pilot Flying J has teamed with Cree Inc. to install indoor and outdoor LED lighting at select locations in order to provide a better light experience while saving on energy and maintenance costs. The agreement provides for a retrofit of interior and exterior lighting, to include

7-Eleven Celebrates Airheads Day

Customers can try new Airheads Xtremes Rainbow Berry Slurpee drink free when they buy Airheads. This Friday, April 8, 7-Eleven convenience stores are celebrating Airheads Day, the day when Airheads and Slurpee fans can get two treats for the price of one. 7-Eleven stores and Airheads Candy created Airheads Day. Airheads Day runs from 12:01

7-Eleven Now Accepting Tax Payments Through Agreement with IRS

Customers can now pay their taxes at more than 7,000 7-Eleven Convenience Stores. 7-Eleven is helping to make paying taxes easier for those without bank accounts or credit cards who can now pay their taxes right at their local 7-Eleven c-store when they stop in to pick up Slurpees or snacks. The Internal Revenue Service

Celebrating National Beer Day

Lager represents the country’s most popular beer style. Thursday, April 7 is National Beer Day—an actual holiday marking the end of Prohibition in 1933, allowing people to buy and drink beer in public. To celebrate, Let’s Grab a Beer created a “Brewnited States” Beer heatmap showing beer styles that are exceptionally popular across the USA,

Experian Study Shows Knowing Customers Is Key

Enhancing consumer knowledge a top priority of more than half of marketers. Experian Marketing Services has released its 2016 Digital Marketer Report. The eighth annual study reveals the challenges, priorities and other key issues impacting marketers worldwide. This year, the top challenge marketers faced also is their top priority: knowing their customers’ needs, wants and

Lee Oil Co. Now Distributes Gulf Racing Fuels

In searching for a new, quality product, Lee Oil has chosen to begin distributing a variety of Gulf Racing Fuels. Lee Oil Co. Inc., a full service wholesale fuel and lubricant distributor is now a distributor of Gulf Racing Fuels. Lee Oil Co. Inc., located in Alvin, Texas, now offers a variety of Gulf Racing

J.M Smucker Co. Announces Leadership Changes

Company names new appointments amid Dennis Armstrong’s retirement. The J.M. Smucker Co. announced that Dennis Armstrong, senior vice president, supply chain logistics and operations support, will be retiring on Sept. 30, 2016, following 37 years with the company. Armstrong has served in a number of leadership roles during his career with the company in logistics,

RaceTrac Launches Rewards App

TracFanatics can now earn a multitude of rewards through the new RaceTrac Rewards app. Just in time for the impending summer heat, RaceTrac has launched the new RaceTrac Rewards app in order to reward its loyal customers, and to help them cool down when the weather heats up. The new app rewards seven in-app coupons

Rutter’s Sells $1 Million Lottery Ticket

Rutter’s has sold yet another huge winning lottery ticket. Rutter’s has once again sold a Pennsylvania Lottery ticket that has turned out to be worth $1 million. This marks the second time this year that a Rutter’s customer has won a huge Pennsylvania Lottery prize. The Rutter’s in Mountville, Pa. sold a winning $1 Million

Subway Speeds Ahead of the FDA

Subway is no longer awaiting final guidelines from the FDA as menu labeling laws are once again delayed.  The previously announced federal rule that would require all foodservice locations to provide nutrition information has once again been delayed. However, despite the delay, Subway is moving to meet these demands. According to a report from NBC15,

blu Expands International Presence

blu will be reaching new customers, in two new countries, through its new global brand and marketing campaign. On April 4, 2016, blu launched a new global brand and marketing campaign, under the tagline “Just You & blu.” blu, an electronic vaping company, launched the campaign in the U.S., United Kingdom, Italy and France. The

U-Gas Launches New Mobile App

U-Gas customers can learn about new promotions first with the new U-Gas app. U-Gas, in partnership with GasBuddy OpenStore, has launched a new mobile app. U-Gas has been serving the St. Louis area since 1977, and serves the community with 19 locations throughout the area. The official U-Gas app allows customers to get real time

CDA Names New President and CEO

The CDA has named a seven year company veteran as its new president and CEO. The Executive Committee for the Convenience Distribution Association (CDA) has officially named Kimberly Bolin as the company’s new president and CEO. The announcement follows a period, which began Feb. 19, 2016, during which Bolin acted as interim president and CEO.

Just Two More Weeks to Register for the YEO Roundtable at RaceTrac Petroleum

The Third Annual Young Executives Organization (YEO) Roundtable will feature an inside look at one of the leading c-store chains in the country along with networking events for the convenience store industry’s next-generation leaders. The convenience store industry’s young executives and next-generation leaders face unique challenges as they grow their businesses in the competitive convenience

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