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NYACS Fall Conference

The National Advisory Group Conference 2016

Convenience Stores Poised for Growth

The current macro environment has created favorable conditions for convenience store sales growth. Wells Fargo Securities has predicted that growth in the convenience store market will be greater than initially expected, due to solid fuel margins and the favorable macro environment that is benefitting in-store sales. The long-term outlook for the industry remains positive. In

Does Digital Maturity Boost Employee Retention?

A number of employees at companies that lack digital maturity have plans to leave their organizations.  A new study from MIT Sloan Management Review and Deloitte Digital has revealed that companies that re not keeping pace with digital advancements are at risk of losing their employees. In fact, the recently released study revealed that more

Love’s Opens Three New Travel Stops

Love’s has expanded its presence in Missouri and Texas with the opening of its three newest stores. On July 28, 2016, Love’s Travel Stops opened the doors to three new store locations, one of which is in Texas, and two are in Missouri. The new Love’s in Quanah, Texas is located along U.S. Highway 287

Video: Kum & Go Succeeds With Biodiesel

Meat Snacks Market Evolves

Meat snacks are finding favor among the health conscious consumer, but some manufacturers of these snacks are struggling to meet consumers’ needs. Over the past few years, as consumers have become more health conscious, meat snacks (jerky and other snacks such as meat sticks) have become a go-to in the snacking world. These snacks appeal

NRF Forecasts Stronger than Expected Growth in Retail Sales for 2016

A number of factors have led to growth that has exceeded the NRF’s expectations thus far in 2016, and the trend is expected to continue. The National Retail Federation (NRF) has announced that retail sales for 2016 are expected to grow 3.4% over last year. This newly announced projection is represents an increase over the

Hershey Reveals Second Quarter 2016 Financial Results

The Hershey Co. recorded growth during the second quarter of 2016, and the company expects its growth to continue for the remainder of the year. The Hershey Co. has released the company’s sales and earnings for the second quarter ending July 3, 2016. Data released by the company indicates that the company experienced growth that

Love’s Rewards Company Drivers for Safe Driving

Gemini Motor Transport has granted over $3.4 million in bonuses to recipients of Gemini Safe Driver Credits. Love’s Travel Stops’ fuel-hauling fleet, Gemini Motor Transport, is recognizing its company drivers for their safe driving practices. The company has recognized 135 company drivers for remaining accident-free and adhering to Gemini’s stringent safety policies and procedures for

Dollar General To Enter Fuel Market

The dollar store chain finishes Walmart Express acquisition, plans to operate fueling stations at 37 sites. Dollar General has completed the purchase of 41 former Walmart Express locations across 11 states. The company plans to relocate 40 existing Dollar General stores into the newly acquired sties by October 2016. As a result of the purchase,

M&M’S Announces Winner of Flavor Vote Campaign

The votes are in, and the new fan-favorite Coffee Nut flavored M&M will soon join Original Peanut on store shelves. M&M’S recently held a Flavor Vote Campaign through which fans were given the opportunity to choose the brand’s newest peanut-flavored candy. The campaign was launched in honor of the brand’s 75th anniversary. More than one

Hunt Brothers Pizza Awards Prizes in “Hook, Line & Winner” Sweepstakes

Prizes ranged from Bass Pro Shop gift cards to a $16,000 boat. Hunt Brothers Pizza has completed its inaugural “Hook, Line & Winner” sweepstakes and announced the lucky contestants who won fishing and outdoor prizes. Sandra McClard of Albany, Ky., is the grand prize winner of a Tracker Boats Grizzly 1760 Sportsman Boat valued at

TA Campaign Supports SCF

The seventh annual campaign raises funds for truckers facing financial hardship because of medical problems. TravelCenters of America LLC (TravelCenters) is set to kick off its seventh annual fundraising campaign on Aug. 1 to support the St. Christopher Truckers Development and Relief Fund (SCF). SCF is a non-profit organization that helps truck drivers suffering from

Recognizing Next-Generation Leaders With 40 Under 40

Nominate your next-generation leader today. The convenience store industry proves time and again that innovation and hard work are the foundation that supports steady, meaningful growth. This growth isn’t only important from a sales standpoint, but is vital to a company’s long-term stability when analyzing the human element. Convenience store companies must be able to

Are Customers Still Reluctant To Spend?

Shaped by the Great Recession, shoppers still remain less financially optimistic.     Market research firm Packaged Facts’ new report “Consumer Banking and Borrowing: U.S. Market Trends” shows consumers remain fiscally cautious —a sign that the impact of the Great Recession still lingers. U.S. consumers are less likely to amass unnecessary debt, more likely to save

Sweet Snacking Soars

General Mills c-store shopper survey shows consumer snacking preferences. Sweet snacks continue to grow in popularity. General Mills Convenience & Foodservice recently conducted a Sweet Snacking Segmentation Survey among c-store consumers to better understand how shoppers are buying sweet snacks throughout the day and the needs that each sweet snack meets. General Mills found that

SAS Hosts Seventh Annual Foodservice Showcase

Some 45 exhibitors representing 65 product lines to greet attendees in Lansing, Mich. Abraham & Sons Inc. (SAS) is set to host its seventh annual Foodservice Showcase on Thursday, Aug.18 at the Lansing Center in Lansing, Mich., from 9 a.m.-4 p.m. The show will feature more than 45 exhibitors representing 65 product lines. In addition,

Thorntons Offers Discounted E15 and Educational Sessions

Thorntons to host a third discounted E15 promotions and Unleaded 15 educational sessions. During the month of July, Thorntons held two educational sessions on Unleaded15 fuel in the greater Chicago area. Thorntons also held the first in a series of three discounted E15 fuel days on July 22. The Thorntons’ branded E15 fuel option traditionally

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.

Category Growth in Beverage Market

Overall, the beverage market experienced growth in the recent four week period. During the recent four-week period ending July 16, 2016, each beverage category in the market recorded dollar sales growth. A number of different factors drove growth in the period, but underperformance by certain brands hindered category growth. Beverage Dollar Sales Broadly Positive A

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

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