Valerologo

Will Valero Sell or Spin Off Stores?

The tax bill for a spinoff is reportedly less than the tax bill for an outright sale. As would-be buyers eye a chance to bid on Valero Energy Corp.’s Corner Store chain, after it was announced the company plans to divest the stores, San Antonio Business Journal has reported that Valero could instead opt to

Valerologo

Valero Divesting Retail Business

Auction to sell convenience store sites expected to interest private equity firms, as well as c-store operators. Valero Energy Corp. is selling its retail business, which is comprised of nearly 1,000 U.S. stores and some 775 units in Canada. The stores are being divested through an auction that could bring in more than $3.5 billion

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FDA Issues Fact Sheet On Tobacco Warnings

Six violations in 48 months could result in a $10,000 fine. The FDA has issued a one-page fact sheet titled “Overview:  Tobacco Retailer Warning Letters.” The fact sheet explains why warning letters are issued to tobacco retailers, what a retailer needs to do if a warning letter is received and what FDA tobacco regulations apply

Rutters

Rutter’s Among 50 Fastest Growing Companies

The York, Pa.-based convenience store chain moves from the No. 27 spot it held in 2011 to No. 15 among fastest growing companies. Rutter’s Farm Stores has ranked No. 15 on the 16th annual list of the 50 top businesses making significant contributions to the growth, strength and success of the central Pennsylvania economy. This

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NRF To Fight Swipe Fee Settlement

“The proposal is a lose-lose-lose for merchants, consumers and competition,” says NRF CEO. The National Retail Federation’s Board of Directors has authorized the Federation to go to court to block the proposed $7.25 billion settlement of a federal antitrust lawsuit over skyrocketing Visa and MasterCard credit card swipe fees that cost consumers hundreds of dollars

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Credit Card Security And PCI: Where Do We Go From Here?

When it comes to data security, all retailers need to be prepared for the worst scenario, but that can’t happen if they aren’t aware of PCI requirements and the severe consequences that can result from a data breach. By John Lofstock, Editor When security breaches make the news, the typical victims are retailing giants, such

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Packaged Facts Defines Dining Habits In America

A market study takes a close look at the generational differences in eating habits of Americans to help the retail and foodservice industries  Packaged Facts released a report that analyzes America’s mealtime tendencies and eating habits. The study titled “How We Eat: Retail and Foodservice Opportunities in When and Where America Eats” reports that age

Valerologo

Valero Plans Separation of Retail Business

Company prepares to spin off fuel stations. Valero Energy Corp.’s board of directors has given the official OK for the company to sell or spin off its network of fuel stations, which could be worth as much as $2.8 billion, Businessweek reported. Spinning off the retail business is one of many moves CEO Bill Klesse

SymphonyIRI edit

SymphonyIRI Reaches 19,000 Retailers

SymphonyIRI works with more than 19,000 retailers by the end of 2012. SymphonyIRI builds its market position in convenience stores through recent retailer agreements, such as BP and Murphy Oil, which will provide data to more than 19,000 sample stores by the end of 2012.  SymphonyIRI AllScan Convenience Store Tracking Service already serves more than

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New Yorkers Petition Against Proposed Soda Ban

More than 60,000 New York citizens oppose the city’s proposed bans on large soft drinks. New Yorkers have started to petition against Mayor Bloomberg’s proposed “soda ban,” which will create size restrictions on soft drinks, juice drinks, sports drinks, flavored water and teas sold at many retail outlets. The ban would affect delis, restaurants, movie

creditcards

Could Real Swipe Fee Relief Be On the Way?

Some speculate Visa and MasterCard could settle lawsuit before September Court date. Visa Inc. and MasterCard Inc. are reportedly prepared to settle a seven-year lawsuit brought by retailers, regarding swipe fee costs, sometime late this month—even as soon as next week, Bloomberg reported. The deal may include payments to retailers and a temporary cut in

creditcards

American Express Announces EMV Plans

First compliance deadline set for April 2013. American Express issuer is joining MasterCard, Visa and Discover in integrating EMV chip-based contact, contactless and mobile payments for its American Express-branded cards in the U.S., Contactless News Online reported. Merchants, processors and issuers of AmEx cards will need to comply with its requirements and deadlines: • April

Valerologo

Valero To Acquire 29 Crackerbox Stores

“These stores are great assets and will complement our existing Corner Store network,” says CEO of Valero Retail. Valero Retail Holdings, a subsidiary of Valero Energy Corp., is purchasing 29 stores in the Little Rock and Hot Springs, Ark. areas from The Crackerbox Stores and converting them to Valero Corner Stores in the coming months.

Chickenplate

Restaurant Chains Challenging Retailers On Price

Technomic is updating its 2007 landmark study of the Retailer Meal Solutions segment to fit changing trends. Restaurants and retailers have a long history of competing over consumers’ share of stomach. That competition becomes particularly intense late in the day, when busy families must decide what’s for dinner. If money is tight, retailers often win

cardswipe

PCI SSC Introduces QIR Certification Program

Council to provide training on secure installation of payment applications to support merchant PCI DSS compliance efforts. The PCI Security Standards Council (PCI SSC), a global, open industry standards body providing management of the Payment Card Industry Data Security Standard (PCI DSS), PIN Transaction Security (PTS) requirements and the Payment Application Data Security Standard (PA-DSS),

coremark logo

Core-Mark Announces Quarterly Cash Dividend

Core-Mark Holding Co. Inc.’s Board of Directors has declared a quarterly cash dividend of $0.17 per common share.  The dividend is payable on June 15, 2012 to shareholders of record as of the close of business on May 25, 2012. Core-Mark is one of the largest marketers of fresh and broad-line supply solutions to the

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NRF Appoints Davis SVP, Executive Director

“With her deep understanding of retail and consumer trends, her love of our industry and her strategic communications background, Ellen is the perfect candidate to re-imagine the possibilities for our Foundation,” says NRF CEO. The National Retail Federation announced today that Ellen Davis has been named senior vice president and executive director of the NRF

macs crime busters

Mac’s Convenience Stores Using Social Media to Thwart Crime

Mac’s Convenience Stores has added social media to its crime prevention tactics in its Canadian convenience stores. Mac’s Stores inCentral Canadahave developed an innovative approach to augment its formidable crime prevention measures by using social media to help identify criminals through Facebook and Twitter. According to The Chronicle-Journal, Mac’s will use these social media outlets

racetrac

RaceTrac Leverages Projectmates Construction Management Software

RaceTrac selects Projectmates for its flexibility, suite of business process workflows, and vast experience in the retail industry. RaceTrac convenience stores is leveraging Projectmates construction management software for its rapid expansion campaign. RaceTrac, which operates 320 retail gasoline convenience stores in five Southeastern states, is just one of the newest retail clients to adopt Projectmates—developed

coremark logo

Core-Mark Announces Quarterly Cash Dividend

Dividend is payable on March 15. Core-Mark Holding Co. Inc., one of the largest marketers of fresh and broad-line supply solutions to the convenience retail industry in North America, announced today, Feb. 3, that its Board of Directors has declared a quarterly cash dividend of $0.17 per common share. The dividend is payable on March

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Jackson’s Minit Marts Founder Passes Away

Julian Jackson, a former bantamweight boxer and a pioneer in the c-store industry, who founded Jackson’s Minit Marts and Lil’ Champ Food Stores, died last week. He was 98. Jackson was a member of the Jacksonville Sports Hall of Fame and the North American Boxing Federation Hall of Fame, the Times-Union reported. Born in Perry,

cardswipe

NACS Chairman Jeff Miller Urges Advocacy

Approximately $3.2 million dollars. That’s the savings thus far to the convenience and fuels retailing industry and their customers since the Durbin amendment took effect just yesterday, said NACS Chairman Jeff Miller during the NACS Show Opening General Session. Miller, who is president of Norfolk, Va.-based Miller Oil Co., said that the swipe fee reform

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Retailers See Loss Prevention Results

“For the first time in over 10 years, total shoplifter and dishonest employee apprehensions, and the dollars recovered from those apprehensions all declined from the previous year,” says president of Jack L. Hayes International. Shoplifters and dishonest employees stole over $7.0 billion in 2010 from just 23 major retailers, according to the 23rd Annual Retail

Shriber Joins PetroProperties & Finance

PetroProperties & Finance LLC is welcoming Ken Shriber, managing director of Petroleum Equity Group LTD. of Chappaqua, N.Y., to its team of petroleum professionals. Serving in the capacity of region vice president, Shriber and his company will exclusively represent PetroProperties & Finance from Delaware to Maine. “Ken brings to the PetroProperties & Finance network the

Senate Passes Financial Reform

The convenience and petroleum retailing industry are now celebrating the end of a nearly 10-year battle to rein in interchange fees. Yesterday, July 15, the U.S. Senate voted 60 to 39 in support of the financial reform package known as the Dodd-Frank Bill that contains the crucial interchange amendment, NACS reported. Thursday’s vote was the

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