Susser expects to use the proceeds to repay its parent company for capital expenditures. Susser Petroleum Partners LP’s common units climbed as much as 16% on their market debut, a day after the company priced its initial public offering slightly below the top end of its expected range, Reuters reported. Susser Petroleum Partners LP priced…
Gasoline Prices in Uptrend Through Labor Day
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline prices made sharp gains in late July, early August, and there’s more upside left in the cash market, which will filter through to retail outlets across the U.S. Absent a steep selloff, retail gasoline prices are poised to move higher in most U.S. metropolitan…
Valero Expands In D.C., Maryland
Springfield, Va.-based Landmark Petroleum Suppliers converts 27 stores. Motorists in Washington, D.C., Maryland and surrounding areas are seeing new teal-and-yellow signs going up at gasoline stations now that Valero has expanded its presence in the region under an agreement with Springfield, Va.-based distributor Landmark Petroleum Suppliers LLC. Twenty-seven Landmark properties are converting to the Valero…
Inspiring a Solid Work Ethic
Consider this an open letter to the young men and women that work in our stores. If you want to advance, don’t let your bosses out work you. By Jim Callahan. Did you ever wonder how older co-workers keep going long after many of their younger cohorts seem to have worn down and out? I’m…
Trader Joe’s To Enter Florida
With discount prices and an exotic array of private label products, grocery chain Trader Joe’s looks to attract customers in north Naples, Fla. Traders Joe’s is headed for Florida with its first store, which will measure 14,000 square feet, scheduled to open in north Naples, at a former Borders bookstore at 10600 U.S. 41 North,…
A Changing Market
Retail markets often change with the U.S. economy. Currently, one popular consumer trend is cross-channel shopping, for its value and quality. Despite gas prices that are more than 30% higher than last year, cross-channel shopping is alive and well in the consumer packaged goods (CPG) industry. In fact, three-quarters of today’s consumers shop across five…
Protecting Against Theft
RETAIL THEFT 2009 Employee theft accounted for 35.2% of shrink dollars. 41.2% of retailers worldwide experienced a significant increase in shoplifting in 2009, attributable to the economic downturn. Shoplifting and employee theft in the U.S. cost retailers $42.2 billion from June 2008 to June 2009. Every American family was forced to pay an additional $435…
Core-Mark Holdings To Offer Jamba-Branded Products
Jamba Inc. and Core-Mark Holding Company Inc. have signed a non-binding memorandum of intent to establish a relationship to offer and deliver health-oriented Jamba branded food and beverage consumer products to Core-Mark serviced convenience retail locations. The parties aim through this collaboration to strengthen Core-Mark’s fresh and health-oriented food and beverage product offering to its…
Wayne Oil Co. Chooses KSS to Manage Fuel Pricing
Wayne Oil Co. of Goldsboro, N.C., has chosen KSS Inc. and its PriceNet and PriceNet Web systems to automate and optimize fuel price management at the chain’s 13 locations across the Southeastern U.S. John Strickland Jr., president of Wayne Oil, says his company purchased PriceNet and PriceNet Web to help him boost his control…