Citizens Bank has committed to helping Barney’s Convenience Mart meet ambitious financial goals. Barney’s Convenience Mart Inc., a convenience store and retail fuel operator of 18-sites in Northwest Ohio, has received a $21.3 million credit facility from Citizens Bank. The funds include a $17.8 million term loan for the acquisition of real estate, a $500,000…
Are Gas Prices On The Upswing?
Only four states are seeing pump price averages above $2 a gallon, but will these low prices start to rise as spring refinery maintenance season gets underway? Even as drivers continue to enjoy gas price savings—some 31 states have average gas prices at or below $1.75 per gallon—the national average gas price has grown for…
GPM Expands Midwestern Store Portfolio
GPM has acquired 15 c-stores across three states. The acquisition of 15 convenience stores with gasoline by GPM Investments LLC and its affiliates is helping to further develop the company’s existing portfolio of stores in the Midwest. GPM acquired stores from Gas-Mart USA Inc. and its affiliates. The 15 stores are located in Southern Illinois,…
7-Eleven Releases Hot Dog Bill of Rights
7-Eleven believes that all consumers have the right to the highest quality hot dogs available. 7-Eleven is committed to ensuring that consumers receive only the highest standards, and the company recently produced The Hot Dog Bill of Rights. The proclamation follows Burger King’s Feb. 23 launch of its grilled hot dog offering, which features two…
The Pinnacle Corp. has Promoted Drew Mize to President
Drew Mize is moving his way up the corporate ladder of The Pinnacle Corp. Drew Mize, former chief operating officer for The Pinnacle Corp., has been promoted to the position of president for Pinnacle, a supplier of automation technology to the convenience retail and petroleum industries. “It’s a pleasure to have worked with Drew at…
How To Maximize Employee Engagement
The Coca-Cola Research Council releases the results of an employee engagement study in a three-part guide called “Power Up Your People.” When it comes to business growth numbers matter, but so does creating a culture of employee engagement that can help grow a convenience store’s financial performance, decrease turnover and build stronger customer loyalty. For…
CST Shareholder Plans To Nominate BOD Candidates
JCP Investment Management LLC is making nominations to bring greater industry experience to CST’s Board. Together with its affiliates, JCP Investment Management LLC, a stockholder of CST Brands Inc., has announced the intention to nominate candidates for election to CST’s Board of Directors. Nominations of highly-qualified directors will be made at CST’s upcoming 2016 annual…
U.S. Increase in Cash Theft
The U.S. Retail Fraud Survey 2015 has revealed a correlation between cash theft and secure POS storage. The new U.S. Retail Fraud Survey 2015 from Retail Knowledge, sponsored by Volumatic, has revealed that that theft of cash from U.S. retailers has increased, just as the number of stores using secure storage at POS has dropped.…
Parker’s Opens New Drive-Through Location
Parker’s remains committed to giving back to the communities it serves by supporting the schools in the community. As a part of its official grand opening ceremony, the new Parker’s drive-through retail location in Claxton, Ga. presented a check for $2,000 to Evans County schools. Along with the check presentation, the store also held a…
Dos Equis is the Beer of Choice for Cinco de Mayo
Dos Equis has launched a program to encourage consumers to choose Dos Equis for all of their Cinco de Mayo celebrations. Through a fully-comprehensive, 360-degree program, Dos Equis inviting customers to join them in celebrating Cinco de Mayo. The new program provides LDA+ consumers with everything they need for their best Cinco de Mayo celebration…