Industry Shines in National Rankings

Inc. magazine has revealed its fourth annual Inc. 5000 list, an exclusive ranking of the nation’s fastest-growing private companies. “The leaders of the companies on this year’s Inc. 5000 have figured out how to grow their businesses during the longest recession since the Great Depression,” said Inc. President Bob LaPointe. “The 2010 Inc. 5000 showcases

Is Couche-Tard Out?

After Casey’s shareholders rejected Couche-Tard’s nominees for the board of directors last week, and instead reelected its standing board, analysts are weighing in on whether or not Couche-Tard is out of the game and whether 7-Eleven will come through with a bid. U.S. billionaire and hedge fund manager Steven Cohen, founder of SAC Capital Advisors

Couche-Tard To Casey’s: Reveal Terms of 7-Eleven Bid

Alimentation Couche-Tard Inc. challenges Casey’s to announce any developments relating to 7-Eleven’s non-binding preliminary bid on Sept. 2, ahead of the 2010 Annual Meeting of Shareholders scheduled for Sept. 23. “We believe that disclosure of 7-Eleven’s preliminary, non-binding indication of interest is yet another attempt to obfuscate the choices that have been presented to the

Couche-Tard Would Increase Offer

Alimentation Couche-Tard Inc. is again appealing to Casey’s shareholders ahead of this week’s annual shareholders meeting set for Sept. 23. It urged shareholders to consider the following when voting: “7-Eleven has not made a formal offer to acquire Casey’s. Unlike Couche-Tard’s $38.50 per share fully-financed cash premium offer to acquire all of the outstanding shares

NCASEF Raises $100,000 To Help War Veterans

The National Coalition of Associations of 7- Eleven Franchisees (NCASEF), the professional trade association for 7- Eleven storeowners has donated $100,000 to Hire Heroes USA, an Alpharetta, Ga.-based non- profit placement firm for returning war veterans. The award was made at the grand banquet on the last night of the National Coalition’s 35th Annual Convention

KISS Cups Debut at 7-Eleven

KISS, the legendary American rock band is currently wowing standing-room-only crowds across North America with The Hottest Show on Earth tour. Now 7-Eleven customers can pick from four collectible Super Big Gulps courtesy of Dr Pepper, each bearing the likeness of one of the KISS band members – Paul Stanley, Gene Simmons, Tommy Thayer and

Casey’s Confirms Discussions with 7-Eleven

Casey’s General Stores Inc. has officially confirmed that it has entered discussions with 7-Eleven Inc., regarding a potential acquisition. On Sept. 2, 2010, Casey’s received an unsolicited preliminary proposal from 7-Eleven regarding a consensual transaction at $40 per share in cash. As disclosed in Casey’s Schedule 14D-9 filed with the Securities and Exchange Commission on

Couche-Tard Suggests That Casey’s Delay Annual Meeting

Alimentation Couche-Tard Inc. has sent a letter to the Board of Directors of Casey’s General Stores Inc. in response to the chain’s announcement that it has authorized discussions with 7-Eleven involving a possible acquisition after repeatedly rebuffing Couche-Tard’s offers for the company. In the letter, the company expressed its dismay with Casey’s refusal to discuss

Casey’s To Acquire 52 Stores

Casey’s General Stores Inc. has released its first quarter of fiscal 2011 results ended July 31, 2010, and with it an announcement that it has signed commitments to acquire an additional 52 locations, which it anticipates purchasing by the end of the calendar year. Casey’s reported basic earnings per share of $0.73 and approximately $6.2

Snoop Dogg Cup To Benefit SYFL

Snoop fans who want to support the Snoop Youth Football League (SYFL) can head into any participating 7-Eleven store across the U.S. to purchase his signature cup, on sale from Sept. 1 through Oct. 18 or while supplies last. 7-Eleven guarantees a $250,000 minimum donation to SYFL, but the support could increase depending on the

Casey’s Mystery Bidder Revealed

7-Eleven is  the previously unnamed third party bidder that has offered to buy Casey’s General Stores for $2.03 billion or $40 per share, the Wall Street Journal reported. 7-Eleven’s $40-a-share offer surpasses Alimentation Couche-Tard’s bid of $38.50 a share. Casey’s has rejected Couche-Tard’s advances since it placed its first hostile bid for the company back

Coffee’s Popularity Surges

You wouldn’t think something as simple as coffee could prove to be so complex a phenomenon—or one so indispensable to Americans. Turns out America can see its reflection in a cup of coffee—its economic worries, its desires for variety and small-scale luxury, and even its hopes for a brighter future. All of that swirls together

7-Eleven Tests Chicken Sales

7-Eleven is expanding its food offering, testing sales of whole roasted chicken at some downtown Chicago stores this week, the Chicago Sun-Times reported. “It’s to see if we can capitalize on home meal replacement,” Carole Davidson, senior vice president of strategic planning for the Dallas-based chain told the Chicago Sun-Times. The whole roasted chicken, priced

Pencil Pushers

7-Eleven Inc. wants to make sure Chicago schoolchildren have the “write” stuff when they head back to class this fall. As part of its Hispanic marketing and community outreach program, the convenience retailer is donating a package of No. 2 pencils for every package local customers purchase as a donation to Chicago-area students. Suggested retail

Fastest-Growing Private Companies

Inc. magazine has revealed its fourth annual Inc. 5000, an exclusive ranking of the nation’s fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy-America’s independent-minded entrepreneurs. Music Web site Pandora, convenience store chain 7-Eleven, Brooklyn Brewery, and Radio Flyer, maker of the iconic children’s red wagon,

7-Eleven Adds Promotion Optimization Solution

7-Eleven Inc. has selected KSS Retail for its price modeling, forecasting and optimization solution for 7-Eleven stores in the U.S. and Canada. 7-Eleven plans to use KSS Retail’s PriceStrat and Heartbeat systems to conduct extensive market-basket analytics and affinity analysis to drive more effective promotions. It also plans to deploy PriceStrat’s cigarette buy-down capabilities to

Hershey Wins 2nd Retailer Initiative Award

Jesus Delgado-Jenkins, (right), 7-Eleven, Inc.’s senior vice president of merchandising and logistics, presents its Retailer Initiative Award to Dave Onorato, The Hershey Company’s vice president of global convenience stores. This is the second time Hershey has won the award. 7-Eleven, Inc. has announced The Hershey Company as the recipient of the company’s 2009 Retailer Initiative

7-Eleven and Slim Jim Sponsor SummerSlam

7-Eleven and Slim Jim are set to be co-presenting partners of World Wrestling Entertainment’s annual SummerSlam pay-per-view on Sunday, Aug. 15 at 5pm PT/8ET at the Staples Center in Los Angeles. SummerSlam weekend kicks-off Thursday, Aug. 12, and includes a two-day fan extravaganza: SummerSlam Axxess, at Nokia Plaza at L.A. Live, sponsored the National Guard.

7-Eleven Appoints Jesus Delgado-Jenkins

Jesus Delgado-Jenkins has been named senior vice president of merchandising and logistics at 7-Eleven Inc. He joins 7-Eleven Inc. with more than 20 years of experience in both the public and private sectors. Most recently, Delgado-Jenkins was president and CEO of JNI LLC, a convenience store-acquisition firm. Prior to that, he held the position of

Brinker Appoints Joe DePinto

Brinker International Inc., a casual dining restaurant company, has elected Joe DePinto, president and CEO of 7-Eleven Inc., to its board of directors. In his current role, DePinto leads 7-Eleven Inc., which operates, franchises and licenses more than 38,400 stores worldwide of which some 8,200 are in North America. Previously, DePinto served in other executive

Sweet Success

There’s little doubt that bakeries are big. Bakeries, pastry shops and bagel sellers are growing at a rate of 5%, according to AnythingResearch.com. When launching a bakery program, convenience store retailers are urged to start with an in-depth market study that profiles the target customer base, current sales in the market area for the product

Placement Strategy Helps Prepaid Prosper

As the U.S. economic recession continues, it’s no secret that customers are altering their shopping habits to save a few dollars wherever they can. The silver lining for convenience store retailers could be the resulting affinity credit-crunched customers have developed for the prepaid segment. In a credit weary and increasingly online world, prepaid is helping

Managing Packaged Beverages

New products and core beverages will always drive cold vault sales. So when is the right time—and how often does that right time come—for category managers to reset them? “We do cold vault resets twice a year, which means we’re making fairly minor adjustments all the time,” said Richard Ginther, category manager for Kum &

7-Eleven, WWE Team for SummerSlam

After success with its World Wrestling Entertainment Inc. (WWE) promotion last year, 7-Eleven Inc. is climbing back in the ring this summer as a sponsor of SummerSlam), WWE’s biggest pay-per-view event of the summer. The convenience retailer has beefed up this year’s promotion, running now through Aug. 31, with double the variety of cups and

7-Eleven Debuts New ’Coffee Cup With A Cause’

On Friday, July 16,  7-Eleven Inc. is launching its third “Coffee Cup With A Cause” campaign, this time offering a cup designed by WWE Superstar John Cena. Cena fans can make their way into any of the participating 7-Eleven stores across the U.S. to purchase the signature cup being sold July 16-Aug. 30, or while

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