Some 80 Xtra Mart c-store locations are adding NCR’s Blockbuster Express-branded kiosks, which allow customers to rent DVDs with no membership required. Customers use their credit card at the machine and are charged $1 per night until they return the DVD to any Blockbuster Express kiosk-not just the kiosk where they rented the DVD. The…
The Pantry Divests 80 Locations
The Pantry Inc., based in Cary, N.C., is selling 80 locations throughout the Southeast. The properties for sale include a mix of convenience stores with gas, stand-alone convenience stores, closed sites and prime real estate. Most of the stations are currently branded Kangaroo, Shell, Chevron, Citgo, Mobil, BP and Texaco. Stores are located in a…
Expectations Driving Gasoline Prices Higher
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Retail prices across the country are positioned to move higher in early May, which is typical this time of year as the market prepares for increased driving demand during the warmer months in late spring and summer. Climbing retail prices follows a renewed push higher in…
Kum & Go Debuts ‘Name Our Cup’ Contest
Kum & Go L.C. has kicked off its summer fountain drink contest dubbed the ‘Name Our Cup Contest’ where customers get a free soda with purchase. The contest, which started on May 1, is a first of its kind for the convenience store chain. Customers will submit names at the beginning of the summer for Kum…
BP Responds To Gulf Oil Spill
BP is ramping up its response to the oil spill in the US Gulf of Mexico. More than 2,500 personnel are now involved in the response effort and well-advanced preparations are being made for a major protection and cleaning effort on the shorelines of Louisiana, Mississippi, Alabama and Florida. A fourth onshore command centre, in…
Register Now For The NYACS Show
The 24th annual Trade Show & Convention of the New York Association of Convenience Stores is set for next week at the Oncenter in Syracuse, N.Y. Retail decision-makers representing more than 1,000 New York convenience stores are expected to attend the May 12-13 event. “Going for the GREEN” is this year’s theme. It’s a product…
Chevron Reports First Quarter Income
Chevron Corp. has reported earnings of $4.55 billion ($2.27 per share – diluted) for the first quarter 2010, compared with $1.84 billion ($0.92 per share -diluted) in the 2009 first quarter. Results in the 2009 period included gains of approximately $400 million ($0.20 per share) from downstream asset sales. Foreign-currency effects reduced earnings in the…
Coca-Cola Debuts HFC-Free Vending
The next time a member of the House of Representatives reaches for a Coke, it will be from a greener vending machine. House Majority Leader Steny Hoyer (D-MD) joined Dan Beard, House Chief Administrative Officer and leaders from Coca-Cola this week to unveil 35 new climate friendly Coca-Cola vending machines for the Capitol buildings including…
Pantry Shares Soar
A week ahead of The Panty Inc.’s scheduled quarterly earnings report, Analyst Mark Miller of William Blair & Co. increased his rating of the company, sending shares skyrocketing. Shares of The Pantry rose Thursday from $1.12 to $16.45 -the highest level since October and a 31% increase this month after Miller raised his rating of the…
Sheetz Wins Beer Battle
Sheetz Inc. has once again won the right to sell beer at its Convenience Restaurant in Altoona, Pa., after this Wednesday’s ruling by the Pennsylvania Liquor Control Board (PLCB). “We are happy that the PLCB has decided to grant Sheetz the right to sell beer at our Altoona Convenience Restaurant,” said Stan Sheetz, president and…