President Obama Signs PACT Act

NACS and convenience retailers are enjoying a huge win today, thanks to enactment of the Prevent All Cigarette Trafficking Act (PACT Act), which addresses the long-standing convenience store industry concern of tax evasion via remote sellers of tobacco products. Today’s White House signing by President Barack Obama caps a 10-plus year effort by retailers to

Kansas Debates Higher Sin Taxes

The Kansas Senate Assessment and Taxation committee had a hearing Wednesday to hear all sides before ruling on the legislature’s proposed tax increases on cigarettes, liquor and fuel that would cover an estimated $400 million budget shortfall, the Kansas Reporter reported. Tom Palace, executive director of the Petroleum Marketers and Convenience Store Association of Kansas,

Strength in Numbers

Resilient, tough and tested. These are just a few of the words analysts and retailers alike used to describe the convenience store and petroleum industry over the past 12 months. With the economy suffering its most difficult period in some 80 years, convenience stores held up rather admirably considering how consumer confidence plunged and the

Convenience Industry Holds Strong

When history looks back on 2009 it will not be generous. The U.S. economy was, and to a certain degree, remains locked in the worst economic recession since the Great Depression. Unemployment is high and the value of the dollar and consumer spending are at near-record lows. While this is bad, it could have been

Anheuser-Busch Eliminates 90 Positions

Anheuser-Busch InBev NV’s U.S. division cut about 90 jobs in its sales division Thursday, including several vice presidents, some 350 other layoffs are occur in the coming months as part of the company’s restructuring, The Wall Street Journal reported. The job reductions linked to the reorganization are intended to help the world’s largest beer maker

NACS Introduces Teri Richman Internship Program

NACS has established an ongoing internship program honoring Teri Richman to perpetuate her passion for growing young talent, exploring new ideas and bettering the industry. The program was announced Feb. 10 at the NACS Leadership Forum in San Francisco. Richman joined NACS in 1982 as its first in-house federal lobbyist and played a critical role

Zippo Acquires Ronson Corp. Assets

Bradford, Pa-based  Zippo Manufacturing Company has completed the purchase of substantially all of the assets of Ronson Consumer Products Corporation of Woodbridge, N.J., and Ronson Corporation of Canada Ltd.; and certain related assets of Ronson Corporation. Zippo is one of the world’s most widely recognized brands, best known for its iconic refillable windproof lighter. The

Metis Capital Selling Petro Group Gas Stations

Metis Capital Ltd. is in talks with an Australian gas station company to sell its entire holding in Petro Group Ltd. at a value of NIS 120 million, 115% higher than Petro Group’s market cap, Israel’s Globes Online reported. Metis Capital’s share rose 7.3% yesterday to NIS 17.80, giving a market cap of NIS 133

New Year Marks New Leadership for 7-Eleven Franchisees

  The National Coalition of Associations of 7-Eleven Franchisees, which represents the owners of 4,583 franchised 7-Eleven stores across the country, recently elected Bruce Maples as its new chairman. Maples, who most recently served as a vice chairman of the National Coalition, assumed the new post on Jan. 1. Maples has been a 7-Eleven franchisee

New Year, New Opportunities

For many convenience store chains, 2009 could not end soon enough. A challenging economy, higher operating costs, outrageous credit card fees and an onslaught of new tobacco taxes were just some of the issues retailers had to contend with. In our ongoing effort to provide readers with the tools they need to make informed decisions,

Managing Employees in Tough Economic Times

In order to support the convenience store industry’s forecasting and planning responsibilities for the new year, Convenience Store Decisions and Kleiman HR collaborated on their second annual human resources survey in order to provide some industry-wide insight into the actions others are taking—or planning to take—in the new year. The 2010 survey results include some

Nice Guys Do Finish First

Congratulations to Nice N Easy Grocery Shoppes, Convenience Store Decisions’ 2009 Convenience Store Chain of the Year. The Chain of the Year award remains the oldest and most prestigious award in the industry. This year is our 20th anniversary of presenting the distinction to a deserving chain and we’re honored to have recognized some of

Sonja Hubbard Paves the Way for Women in Retailing

As CEO of Texarkana, Texas-based E-Z Mart Stores Inc., which operates more than 300 stores in five states, Sonja Hubbard is a true c-store industry veteran. Hubbard was just a child when her father, Jim Yates founded E-Z Mart in 1970 and learned the ropes at an early age. “I grew up with this industry

Cigars Enhance Flavor Profile

The SCHIP tobacco tax rates that hit on April 1 are costing cigar smokers more, but sales continue to persevere. As of April, the federal taxes on large cigars rose from 20.719% of the wholesale price with a tax cap of 4.875 cents per cigar to 52.75% of the wholesale price with a tax cap

C-stores Poised for Huge Growth Through 2013

In the midst of a cavalcade of negative news about the down economy, RNCOS Inc., a research firm, offers some positive news for c-store operators. The firm found that with help from increasing motor fuel and in-store sales, the U.S. c-store industry is expected to skyrocket in growth between 2009 and 2013. In it’s newly

7ads6x98ycss.php