Bottled water sales nationwide continue to rise. Sales in convenience stores reached nearly $2.9 billion for the 52-week period ended Dec. 26, 2010, according to SymphonyIRI Group, a growth of 2.19%. Of that, more than $2.6 billion came from convenience/PET still waters. Leading brands include Glacéau, Aquafina, Dasani, Nestlé Pure Life, Poland Spring, SoBe and…
Susser Holdings Releases Q4 Results
“Following a challenging 2009, we set a new all-time record for Adjusted EBITDA in fiscal 2010, driven by unusually strong fuel margins, steady same-store growth in merchandise sales and careful expense control,” says Susser president and CEO. Susser Holdings Corp. released its fourth quarter of 2010 report, showing strong merchandise sales and fuel volumes as…
Casey’s Rejects 7-Eleven Bid
Casey’s General Stores Inc. has rejected a $43-per-share offer by 7-Eleven and ended talks with the convenience store operator owned by Japan’s Seven & I Holdings, Reuters reported. Shares of Casey’s dropped 5% after it announced the revised offer did not reflect its full value and growth opportunities. In early September, 7-Eleven made a non-binding…
Nine C-Store Sites For Sale
NRC Realty & Capital Advisors LLC has been retained in the sale of nine operating and former convenience stores and commercial land sites currently in foreclosure. The sites are located in Riverside, Rohnert Park and Sebastopol, Calif.; Harrington and New Castle, Delaware; and Belleville, Gap, Waynesburg and York, Pennsylvania. NRC represents the secured creditor and…
Cosmetic Lenses Cause Conflict in Connecticut
Connecticut Attorney General Richard Blumenthal is demanding that convenience stores and other retail locations in the state immediately stop selling cosmetic contact lenses, the Hartford Courant reported. Noncorrective lenses can only be legally sold to consumers by licensed eye care professionals, Blumenthal said at a press conference. Dr. William Ehlers, a Hartford ophthalmologist, discovered the…
Pumping Up In-Store Sales
A busy salesman on the way to his next appointment pulls into a Spinx convenience store to fill up his tank. It’s almost 1 p.m. and he hasn’t stopped since his day began just before 9 a.m. While pumping fuel, he glances at the color monitor built into the gas pump. He looks closer at…