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VeriFone Bringing Lottery to Card Payment Screens

“Convenience, speed and security are the three key elements that make payment systems in taxis, at fuel pumps and other VeriFone-enabled locations ideal venues for expanding access to lottery tickets,” says VeriFone vice chairman. VeriFone Systems Inc. today announced that it plans to deliver lottery sales through card payment acceptance systems in taxis and at

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7-Eleven Acquires 51 ExxonMobil Locations

“We met our goal of opening 650 stores in 2011, and with this acquisition 2012 is off to a great start,” says 7-Eleven spokesperson. 7-Eleven Inc. has completed the transaction with ExxonMobil to acquire retail interests in 51 North Texas sites. The transaction concluded Jan. 20; terms of the deal were not disclosed. The 51

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Kum & Go Announces Major Expansion Into Arkansas

Three new stores are set to be built this fall and 20-25 new Arkansas locations are anticipated over the next five years. Kum & Go has announced aggressive expansion plans into Arkansas, where the chain plans to invest $70-80 million in the next five years and aims to create approximately 150 new jobs by the

Seizing Real Estate Opportunities

Prying Properties Loose   Important for retailers to understand is that commercial real estate today is an industry in transition. Its landscape is littered with landlords, if not desperate, than at least strongly motivated to make deals work.   “Things are tight,” said George Anderson, vice president of market analytics for NAI Global in Princeton,

Cumberland Farms Selling 61 Stores

Cumberland Farms Inc. is selling 61 convenience store properties through a structured sale process to be managed by Matrix Capital Markets Group Inc. Cumberland owns the real estate at all of the sites and leases them to third party tenants under triple net lease agreements. These tenants operate independent convenience stores and other retail businesses

Nine C-Store Sites For Sale

NRC Realty & Capital Advisors LLC has been retained in the sale of nine operating and former convenience stores and commercial land sites currently in foreclosure. The sites are located in Riverside, Rohnert Park and Sebastopol, Calif.; Harrington and New Castle, Delaware; and Belleville, Gap, Waynesburg and York, Pennsylvania. NRC represents the secured creditor and

7-Eleven Grows In New Jersey

7-Eleven is expanding in New Jersey, and at the Jersey Shore plans to add five new locations in Monmouth County and three in Ocean County this year alone, App.com reported. Throughout the state, 7-Eleven plans to open 200 more stores in 2010 and 2011, according to The Goldstein Group, a commercial real estate firm in Paramus.

Evolution Fuels Acquires Second Kansas Fuel Station

Evolution Fuels Inc. has executed a second lease agreement with J&J Developments Inc. (J&J) for a fuel station located in Topeka, Kan.  This is the second station of what Evolution Fuels expects will be a series of locations leased from J&J. The station is located on a prime intersection of Topeka that experiences an average

Walgreen’s Fresh Food, Alcohol Sales Up The Competition

Deerfield, Ill.-based Walgreen Co. is getting into fresh foods and prepared meals to draw “time-starved” customers to its more than 7,000 stores, Business Week reported The drugstore chain has been talking with foodmakers including Unilever NV, Nestle SA and Sara Lee Corp. about creating private-label and branded products, according to Bryan Pugh, vice president of

Circle K Acquires Eight Stores in North Carolina

Laval, Que.-based Alimentation Couche-Tard Inc. through its Circle K Stores Inc. unit, is acquiring eight stores in central North Carolina from Accel Marketing LLC, The Wall Street Journal reported. The stores, which operate under the Accel banner, are company-operated and offer proprietary fuel. Once the purchase is complete, the stores will be operate under the

Hot Stuff Recognized as a Top U.S. Franchise

Hot Stuff Foods, a foodservice provider specializing in pizza, subs and other grab-and-go convenience foods, has been recognized as one of the country’s top franchise systems by Entrepreneur magazine.   Entrepreneur listed Hot Stuff Foods No. 74 in its January 2010 Top 500 ranking which includes multiple franchise categories beyond foodservice.     “We are extremely pleased

BP’s ampm Makes Entrepreneur’s List of Top 10 Franchises

BP’s ampm convenience store business has landed on Entrepreneur magazine’s 2010 list of Top 10 franchises. The 10th place ranking represents a jump from 2009 when ampm came in 35th on the magazine’s Franchise 500 list. The BP convenience store brand also rose in the magazine’s rankings of fastest-growing franchises. Entrepreneur ranked ampm 14th on

Aztex Buzzing Over Beer Sales

When beer sales were made legal last August in formerly dry Clay County, N.C., Aztex Fuel & Food Centers’ Hayesville location was ready to pounce, becoming the first c-store in the market to supply cold suds. Aztex, an experienced c-store marketer, knew from its other stores that alcohol sales can drive foot traffic and increase

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