LIFT Retail Marketing Technology has announced the launch of its LIFT Station platform—an integrated suggestive selling point-of-sale (POS) technology for convenience stores. “We are excited to introduce this game-changing solution to the c-store industry. Retailers are looking to grow sales by being more shopper-relevant and the LIFT Station helps them do that like never before,”…
LUKOIL Kicks Off ’Road Trip to Terror’
LUKOIL and Terror Behind the Walls at Eastern State Penitentiary-ranked the No. 1 haunted house by AOL-are launching a “Road Trip to Terror” by giving away $0.94 gas to the first 50 cars to fill up at select LUKOIL locations on designated dates beginning today, Oct. 13, 2010, at 11 a.m. The famous zombie inmates…
VERC Enterprises Aims and Delivers
VERC ENTERPRISES AT A GLANCE VERC Enterprises was launched 35 years ago by Paul Vercollone and his father Eugene in 1975 with a single gas station/car wash in Marshfield, Mass. Leo Vercollone, the company’s current president and CEO, joined the team after he graduated from Boston College in 1977. Paul continues to oversee the…
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…
Maintaining Strong Energy Sales
It had to happen sometime. Energy drinks, arguably the most popular convenience store product in the early-to-middle years of the decade, have begun to slow their sharp rise. Call it a correction, perhaps. A report released last month on the category by research firm Mintel showed that while growth in the category from 2005-2010 was…
Rite Aid Reports Sales Dip for July
Drug store chain Rite Aid Corp. has announced that for the four weeks ended July 24, 2010, same store sales decreased 1.1% over the prior-year period. Its July front-end same stores sales decreased 0.5%, while total drugstore sales for the four-week period decreased 2.2% to $1.886 billion, compared to $1.929 billion for the same period…
Hess Estimates Second Quarter Results
Hess Corp. has reported its estimated results for the second quarter of 2010, including a net income of $375 million compared with net income of $100 million for the second quarter of 2009. Exploration and production earnings totaled $488 million in the second quarter of 2010 compared with $215 million in the second quarter of 2009.…
Fallout Continues After BP Stops Spill
Even as BP Corp. has announced that it had succeeded in its attempt to choke off the flow of oil spilling into the Gulf of Mexico, gas stations with BP branded gas continue to experience backlash from consumers angry over the disaster. In Bay Minette, Ala., yesterday a BP gas station was vandalized-with angry messages…
7-Eleven’s Slurpee-bration
7-Eleven Inc. is preparing for 7-Eleven Day on July 11-the day when the world’s first convenience chain celebrates its birthday. The year 2010 marks 83 years since the company was founded in Dallas. Participating 7-Eleven stores across America and Canada will serve five million free Slurpee frozen carbonated beverages in special birthday cups on Sunday…
Pricing, Promotions Key for Salty Snacks
When the American Public Health Association highlighted a December 2009 study on candy, snack and sweetened beverage availability in non-food retailers, it was worried about obesity. Convenience store retailers are only worried about thin margins. The Tulane University researchers found snack food in 41% of all stores whose primary merchandise was not food. Candy was…