Shell has acquired Volta Inc. in a cash transaction valued at approximately $169 million. The acquisition brings Volta’s electric vehicle (EV) charging to Shell’s established brand with hopes of long-term growth opportunities. According to Volta, Shell will acquire all outstanding shares of Class A common stock of Volta at 86 cents per share in cash…
NAG 2023 to Discuss Exclusive Convenience Experience Research
The 2023 National Advisory Group (NAG) Conference, which will be held on March 26-29 in Austin, Texas, announced the topic of its third burning issue. On Tuesday, March 28, from 8 a.m. to 9 a.m., the NAG 2023 conference will discuss the findings from the Convenience Experience Report. The research for the report was done…
Rutter’s Opens New Location in Maryland
Rutter’s announced the opening of its new location in Maryland, its first new build of 2023. Located in Emmitsburg, Md., at 10201 Taneytown Pike, the brand-new Rutter’s is over 8,200 square feet with 14 auto-fueling positions and five High-Speed diesel fueling lanes. Offering all the amenities that make Rutter’s an industry leader, this new location…
Deloitte Gives Outlook on the Retail Industry in 2023
Deloitte has released its 2023 retail industry outlook report exploring retail trends to help retailers elevate their business strategy beyond traditional cost-cutting. The report is based on a series of interviews with 50 senior retail leaders, 70% of which are from companies with an annual revenue of $10 billion or more, as well as Deloitte’s…
Out of Stock Items Creating Challenges for Retailers
According to part one of SML Groups’ state of retail report, 48% of retailers believe frequently out-of-stock items cause the biggest challenge to them serving customers in today’s retail environment. An additional half (48%) of retailers reportedly see improving the in-store customer experience as a top priority throughout 2022. The report casts light on industry…
NACS and NielsenIQ Release New Industry Report
The National Association of Convenience Stores (NACS) and NielsenIQ released their third global convenience retailing industry report providing industry-leading data, macro trends and analysis for 35 countries in North America, Europe, Asia-Pacific, and Central and South America. The expanded Q3 report includes the addition of measurements from Central and South America, as well as category-specific…
7-Eleven Launches Vitaminwater Zero Sugar LOOK Slurpee
7-Eleven has released Vitaminwater Zero Sugar LOOK slurpee, the newest addition to its slurpee drink lineup. The Vitaminwater Zero, Sugar LOOK slurpee, is a blend of blueberry and hibiscus flavors. The sugar-free drink is available now at participating 7-Eleven, Speedway and Stripes stores for a limited time only. “Our customers are always looking to us to deliver unique and…
QuikTrip Opens Travel Center in Tennessee
QuikTrip (QT) announced the opening of a new remote travel center in Chattanooga, Tenn. After opening 11 new travel centers in 2022, the retailer will continue to expand throughout 2023 with new locations across the country. The first customers were greeted on the opening day of business Jan. 12, at 312 Browns Ferry Rd. Chattanooga,…
TravelCenters of America to Expand 2022 Franchise Growth
TravelCenters of America (TA) recently signed 30 new franchise agreements in 2022, which allowed the company to reach its annual goal. According to TA, its main focus is franchising for accelerated network growth and continuing to see year over year franchise signing growth. TA also opened three new franchised sites and plans to open 20 franchised…
Global Partners Donates Money to Families in Need
Global Partners has donated $2 million to provide heating oil for those in need. The donation was directed to seven states in the Northeast and distributed to local nonprofit entities serving low-income households. $1.3 million was evenly split between Massachusetts and New York. An additional $700,000 was split between Connecticut, Maine, New Hampshire, Rhode Island and…