7-Eleven Sponsors Tony Kanaan

7-Eleven first sponsored Kanaan more than a decade ago. 7-Eleven Inc. is teaming with Chip Ganassi Racing (CGR) to sponsor popular Verizon IndyCar Series driver Tony Kanaan 14 years after first backing him at the start of his record-breaking career. 7-Eleven will be an associate sponsor for Kanaan’s No. 10 Indy car in four races

Harvest Partners Acquires Minority Interest in GPM

GPM looks to work with Harvest Partners to find and assess acquisition opportunities. Harvest Partners SCF, LP has completed the acquisition of a $62.5 million minority ownership position in GPM Investments LLC, the largest privately-owned convenience store company in the United States. GPM is led by president and CEO Arie Kotler. The investment provided liquidity

Oat-Based Snacks Set to Grow

Healthy food demand spurs oat-based snack sales. The global oat-based snacks market is expected to grow at a CAGR of close to 4% during the forecast period, 2017-2021, according to a report by Technavio. By product type, this market is divided into bakery and bars, and savory snacks segments. With increasing shift towards healthy eating

Is Domestic Oil Production Set to Rise?

Gas prices fall amid ample supply and decreased driving demand. The average national price of gas has continued to decrease for 21 straight days. AAA reported that the national average price for regular unleaded gasoline is $2.27 per gallon (as of Jan. 30), down four cents compared to last week, and down five cents compared

Riiser Donates Through ‘Pride Pumps’

High schools get a portion of profits from designated gas pumps at Riiser gas stations. Riiser Energy has donated close to $41,000 to 11 high school through the use of its “Pride Pumps,” according to a report by Fox News WZAW. Pride Pumps, debuted in 2015. The pumps feature a logo of the high schools

NRF Super Bowl Spending Dips to $14.1 Billion From $15.5 Billion

Retailers prepare to help football fans stock up on decorations, party food, accessories and other Super Bowl necessities ahead of Feb. 5. American consumers will spend an average of $75 for a total of $14.1 billion as an estimated 188.5 million watch the Atlanta Falcons face the New England Patriots in Super Bowl LI on

BP: ‘Energy Transition Underway’

Global energy demand to increase by around 30% to 2035, driven by increasing prosperity in developing countries, partially offset by rapid gains in energy efficiency. BP released its energy outlook, including on electric cars, which are expected to grow from 1.2 million (2015) to around 100 million in 2035, which is only around 5% of

Parker’s Continues Community School Donations

On the first Wednesday of each month, Parker’s donates a portion of gas sales to a local school. Parker’s recently donated $5,000 to Bryan County Schools through the company’s popular Fueling the Community program, which donates a portion of the sale of every gallon of gas on the first Wednesday of each month to area

Connecticut Eyes $15 Minimum Wage

The proposal could face a tough time passing the state Senate. Democratic lawmakers are leading a charge in Connecticut to increase state’s hourly minimum wage to $15. According to an article in the Wall Street Journal, the state’s minimum wage increased to 10.10 on Jan. 1 from $9.60 an hour, but advocates of a further

Sweets & Snacks Expo Expects Strong International Presence

Candy and snack products from 25 countries will greet attendees. More than 125 companies from outside of the U.S. are set to exhibit at the 2017 Sweets & Snacks Expo, making this year’s show the largest for international exhibitors. Hosted by the National Confectioners Association from May 23-25 at McCormick Place in Chicago, the 2017

The Kroger Co. Moves C-Store Business to McLane Co.

Under the agreement, McLane will supply Loaf ‘N Jug, Turkey Hill Minit Market, Tom Thumb, Kwik Shop and Quik Stop. McLane Co. Inc., a supply chain services company, providing grocery and foodservice supply chain solutions announced a service agreement with Cincinnati, Ohio-based The Kroger Co. and its 787 c-stores located across 18 states. The retailer

How to Grow Your Food Business

NPD Group finds growing light users’ frequency would result in an incremental sales increase of $1.1 billion. While it might be tempting to focus on regular foodservice patrons, it turns out nudging the occasional foodservice patrons to return again could be the key to driving foodservice profits. Getting customers who visit restaurants less to visit

Love’s Travel Stops Opens New Locations in Ohio and Texas

Combined, the three new travel stops offer 183 truck parking spaces. Three new locations join Love’s Travel Stops’ network of more than 410 stores across 40 states. Love’s newest locations in Cunningham, Kansas; Springfield, Ohio; and Hereford, Texas, have opened for business. The Cunningham travel stop is located at U.S. Highways 400/54 and Southwest 170th

Snacks Get Healthy with Alternative Ingredients

Sales of alternative ingredient snacks in 2017 are forecast to rise to $1.2 billion. The U.S. snack food industry is arguably stronger than ever. Sales of salty favorites—including potato chips, pretzels and popcorn—and portable meat products—such as jerky—have mostly displayed growth potential or at least remained steady over the past five years. The snack industry

Gulf Oil Expands With Falcon Oil Partnership

Three Falcon Oil stations convert to the Gulf brand and two additional locations may follow. Gulf Oil has increased its reach in Pennsylvania through an expanded relationship with Falcon Oil. With this expansion, Gulf will provide branded wet barrel supply to several of the Blakely, Pa.-based company’s stations throughout the region. Three of Falcon Oil’s

Eby-Brown, Rich’s Offer Free Whipped Cream Dispensers

Help c-stores expand coffee bar appeal in order to compete against quick-service restaurants. Eby-Brown and Rich’s Foodservice have introduced a new program that offers c-stores a free dispenser with the purchase of a case of mytop Whipped Topping. The program launched on Jan. 1, and the promotion ends Dec. 31, 2017. Eighty percent of consumers

Are Pump Prices Declining?

While the average price of gas is up over last year, increased U.S. oil production is behind a current dip in price over the past 15 days. Gas prices are moving downward with the average price of gas at $2.31 on Jan. 23 —down four cents from last month. Prices have moved lower for 14

Target To Launch Mobile Payment

Target shoppers will soon have the ability to pay using a cell phone app. Target Corp. on Tuesday announced plans to introduce its own mobile payment service in Target stores, allowing shoppers to pay via an app on their mobile phones. According to a report by Reuters, while the launch is expected to be this

Tobacco Talk Survey Shows Positive Tobacco Outlook

Competitive market and strong adult tobacco consumer among bright spots. Results from Wells Fargo’s recent “Tobacco Talk” survey of retailer and wholesalers representing roughly 25,000 convenience stores in the U.S., showed the overall tobacco environment remains “in good shape despite a well-telegraphed deceleration in cigarette volume,” according to Bonnie Herzog, senior analyst for Wells Fargo.

TMG Welcomes New Members To Management Team

Tobacco Business magazine to receive a makeover and new focus on digital reach. The Tobacco Media Group (TMG) is starting 2017 with a strong foot forward, announcing the recent hires of Ben Stimpson and Antoine Reid to their Management Team. Their hiring is part of a strategic initiative to grow TMG properties in the coming

ISFA Supports SB1

Joins with National Vapor Technology Association to fight monopolistic effects of previous law that hurt small vapor businesses in Indiana. The Indiana Smoke Free Alliance (ISFA) issued the following statement in support of SB1 (E-liquids): SB1 is a critical piece of legislation that will reverse the harmful, monopoly created when HB 1432 was signed into

Kum & Go Launches Food Rescue Pilot Program

Partners with Care and Share Food Bank. Kum & Go and Care and Share Food Bank for Southern Colorado announced a food rescue pilot program at a grand opening celebration for Kum & Go’s newest Colorado Springs store. Through the food rescue program, Kum & Go will donate safe, prepared excess food to Care and

NASM Re-Elects Amsden as Board Chairperson

Valerie Kelley Amsden has served on the NASM board since 2012. The National Association of Shell Marketers (NASM) has announced the re-election of Valerie Kelley Amsden of Kelley Fuels, Shakopee, Minn., as its chairperson for 2017. Amsden is only the second person to serve two terms as board chair in the history of NASM. She

Parker’s Donates to Liberty County School System

Each year, Parker’s convenience stores donates more than $100,000 to area schools through the Fueling the Community program. Parker’s recently made a $5,000 Fueling the Community donation to the Liberty County School System in a special ceremony held at the Liberty County Pre-K Center. The company’s popular Fueling the Community program donates a portion of

Pinnacle Corp. Completes Annual Strategy and Planning Meeting

Teams plan and implement strategies for new solutions during annual meeting. The Pinnacle Corp. (Pinnacle), held its Annual Strategy and Planning Meeting Jan. 19-20 at its headquarters in Arlington, Texas. The meeting brought together Pinnacle’s Senior Management, Product Management and Development and Sales and Marketing teams to plan and implement strategies for new solutions and