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

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

Valerologo

Valero Experiences Most Profitable Year Yet

Breaks earnings records in 2011. Valero Energy Corp., based in San Antonio, Texas, reported its highest full-year earnings since 2008, as the retail segment boasted its most profitable year in the company’s history, the ethanol segment saw its most profitable quarter, and two major acquisitions strengthened the company’s global position, according to statistics from Industrial

Valerologo

Valero Rolls Out Mystery Shopper Program

Visits to branded locations aim to ensure positive customer experiences. Valero is introducing a new mystery shopping program throughout its wholesale network of branded stores. Under the new program—called Commitment to Excellence—each of the company’s Valero, Shamrock and Beacon branded locations will be evaluated three times a year using the same form and criteria. The

Valerologo

Valero Credit Card Offers Customer Rebate

Signing up for a Valero card can get customers a 30-cents-per-gallon rebate on gas purchases. Customers who sign up and are approved for a Valero credit card between now and Sept. 30 can receive a 30-cents-per-gallon rebate on gasoline purchases made for the first three months their accounts are active, Valero officials announced today. A

Valerologo

Valero Acquires Two Fuel Terminals

The ownership and operation of these facilities is expected to allow Valero to grow its wholesale marketing presence in eastern Kentucky. Valero Terminalling and Distribution Co., a subsidiary of Valero Energy Corp., has successfully completed the acquisition of Chevron USA Inc.’s Louisville and Lexington, Ky. product terminals for an undisclosed amount, company officials announced. Valero

nacsLogo

NACS Show Retailer Panel Announced

Speedway LLC President Tony Kenney and Valero Energy Corp. President Gary Arthur have been announced as panelists for the NACS Show General Session panel “A Tale of Two Retailers.” The panel discussion will be moderated by Joe Petrowski, CEO of Cumberland Farm Group of Cos. The Oct. 3 session, presented by NACS Magazine, is part

The Keys to Cleanliness

How can you get your employees to excel at a part of the job they probably can’t stand—cleaning the store in general and the restrooms in particular? “It’s a good question, and a never-ending pursuit,” said Tony Bartys, vice president of retail operations and marketing for Valero Energy Corp. in San Antonio. “It’s a challenge,

Valero Exits Delaware City

San Antonio-based Valero Energy Corp. has discontinued operations in Delaware City after completing the sale of its terminal operation there to Delaware City Refining Company LLC and Delaware Pipeline Company LLC, wholly owned subsidiaries of PBF Energy Company LLC. Valero received total proceeds of $220 million from the sale. Valero had announced the sale of

Valero Reports Q1 Results

In the first quarter of 2010, Valero Energy Corp. reported a loss of $101 million from continuing operations (or $0.18 per share) compared to the first quarter of 2009 gain from continuing operations of $364 million ($0.70 per share). The first quarter 2010 operating loss was $32 million, versus first quarter 2009 operating gain of

Valero to Sell Delaware City Assets for $220 Million

Valero Energy Corp. is selling the assets of its terminal operation and discontinued operations in Delaware City to the Delaware City Refining Company LLC and Delaware Pipeline Company LLC, wholly owned subsidiaries of PBF Energy Partners LP. Valero is selling the assets for $220 million and will retain the minimal levels of remaining crude oil

What’s Your Solution?

SKU SLEUTH … Rick Cosmer, vice president of retail sales and operations at Mansfield Oil Co. in Georgia, has found cutting-edge back-office systems can offer huge payoffs in terms of data analysis and sales tracking. Cosmer said the most powerful piece of his system allows him to drill down J.D. to individual products to determine

7ads6x98ycss.php