Delek US Holdings manages to reduce its debt after reporting high income levels for its second quarter 2012. Delek US Holdings Inc., a diversified energy company with assets in the petroleum refining, marketing and retail industries, reported its second quarter results for 2012. For the three months ended June 30, Delek US recorded a net
SymphonyIRI reports that “shopper-centric” retailers perform stronger than those focused more on the products. SymphonyIRI Group released its latest Times & Trends report, “Shopper Marketing: Every Decision Begins & Ends with the Shopper” for c-store owners to consider. Amazing products, strong advertising and outstanding stores are useless without shoppers. The shoppers in today’s market demand
New report shows c-stores have greatly benefited from the growth of the overall retail industry. Research and Markets has announced the addition of the “US Convenience Stores Forecast to 2014” report to its offering. The U.S. convenience stores industry, one of the world’s largest and fastest growing sectors, presents lucrative investment opportunities for new players.
Walgreens had March sales of $6.02 billion, a decrease of 4.3% from $6.29 billion for the same month in fiscal 2011. Total front-end sales increased 2.5% compared with the same month in 2011, while comparable store front-end sales increased 1.2%. Customer traffic in comparable stores decreased 1% while basket size increased 2.2%. “We continued to
As customers seek more healthful beverages options, look for robust tea sales in 2012 and beyond. Packaged Facts projected that the retail tea market is set to grow from approximately 6.6% in 2012 to 8.7% in 2014, reaching $8.3 billion in that year. Tea was up 5.1% in 2011, according to Chicago-based research firm Mintel
NACS releases results of its annual Retail Fuels Report. Price remains the dominant reason why consumers buy fuel at a particular location, according to the results from the new 2012 NACS Consumer Fuels Report. Nearly two-thirds of consumers (63%) rated price as the most important reason why they select a particular location for fueling, more
The report provides an overview of attitudes toward food preferences, dining-out behaviors with friends and family, snacking behavior, convenience-store patronage, technology usage and more. Tweens and teens influence the decision making of their friends and families, playing a large role in their dining choices. Fifty-eight percent of teens and 54% of tweens report that their
“Fiscal 2012 represents an important transitional period for the company, as we focus on a pricing strategy that is intended to improve merchandise sales growth and align our gasoline volume with industry trends,” says The Pantry’s Interim CEO. The Pantry Inc. has announced financial results for its fiscal fourth quarter and year ended Sept. 29,
“We delivered one of our strongest quarters ever in same-store merchandise sales growth during the latest quarter, and despite higher gasoline prices versus a year ago, we achieved strong growth in gallons sold,” says Susser CEO. Susser Holdings Corp. has reported strong financial and operating results for the third quarter ended Oct. 2, 2011, driven
Gulfcoast Software Solutions introduces the new Store Keeper Plus module. Manage up to 1,000 stores in real time between store and corporate level. 10x per second provides an accurate picture of your store in real time in an easy to use reporting format with intuitive graphic capabilities. Graphical interface allows you to view all of
Gulfcoast Software Solutions introduces the new Store Keeper Plus module. Manage up to 1000 stores in real time between store and corporate level. 10x per second provides an accurate picture of your store in real time in an easy to use reporting format with intuitive graphic capabilities. Graphical interface allows you to view all of
In the midst of the recession, more consumers are opting for at-home entertainment, which is good news for the salty snacks category. This trend may account for a jump in sales of chips and popcorn, the quintessential counterparts for an at-home movie. Last year, salty snack sales totaled $4,962 with a profit of $1,867, a
An otherwise tough year for convenience stores was balanced out by strong retail fuel margins from the unprecedented drop in wholesale fuels prices during the fourth quarter of 2008, according to National Association of Convenience Stores’ (NACS) 2009 State of the Industry report. However, credit card fees continue to take a toll on industry profitability.
In the midst of a cavalcade of negative news about the down economy, RNCOS Inc., a research firm, offers some positive news for c-store operators. The firm found that with help from increasing motor fuel and in-store sales, the U.S. c-store industry is expected to skyrocket in growth between 2009 and 2013. In it’s newly
Cigarettes continue to be the top in-store category based on sales dollars. On a monthly basis, the industry per store average over the past year was $39,127. However, its gross profit contribution slipped to 3.2% to $6,152 falling behind package beverages ($6,526), according to the National Association of Convenience Stores State of the Industry report.