Newly acquired stores are set to get upgrades in the coming months. TravelCenters of America LLC (TravelCenters), has completed its previously disclosed acquisition of five convenience stores—formerly known as TD Pete’s— located in Illinois. TravelCenters expects to rebrand the stores as Minit Mart convenience stores. The stores are also set to undergo improvements in the…
Core-Mark Chief Financial Officer to Retire
Core-Mark has looked within to find a replacement chief financial officer as 26 year company veteran has decided to step down. Stacy Loretz-Congdon, senior vice president and chief financial officer of Core-Mark Holding Co. Inc., has informed the company’s Board of Directors that she will be retiring from the company at the end of 2016.…
Sunoco LP Releases 2015 Financial and Operating Results
Sunoco LP experienced a large increase in gross profit in 2015. The profit increase is being attributed to a number of different factors. Sunoco LP’s financial and operating results for the three- and 12- month periods ending Dec. 31, 2015 have been released. Adjusted EBITDA attributable to partners for the quarter totaled $112.2 million, compared…
Brookwood Appoints New Regional Manager for BW Gas & Convenience
As Brookwood plans the expansion of its convenience store portfolio, the company is appointing additional leadership. Nationally-recognized private equity investment firm, Brookwood Financial Partners LLC, has announced that Douglas Wald is now a regional manager for BW Gas & Convenience Holdings LLC. BW Gas & Convenience, an affiliate of Brookwood, owns and operates gas stations…
Brand Keys Reveals Difficulties in Achieving Emotional Engagement
The Brand Keys 2016 Customer Loyalty Engagement Index has identified the beverage brands that are meeting customer’s emotional values. The 21st annual Brand Keys Customer Loyalty Engagement Index (CLEI) has reported that emotional engagement has recently become more difficult to achieve for beverage companies. Emotional engagement is considered a leading-indicator of consumer behavior, sales and…
Core-Mark Releases Fourth Quarter Earnings
An investor call was recently held to discuss the company’s fourth quarter earnings. On Feb. 25, 2016, Core-Mark Holding Co. Inc. released the company’s earnings for the fourth quarter which ended Dec. 31, 2015. The results were released before the market opened the morning of Feb. 25. An investor call was also held at 9…
Mondelēz International Releases Cocoa Life Sustainability Report
Mondelēz International has committed to maintaining a sustainable cocoa supply chain. The first progress report on the Cocoa Life sustainability program has been released by Mondelēz International. The report highlights the impact that the program has had across its six cocoa-growing origins: Ghana, Côte d’Ivoire, Indonesia, Dominican Republic, India and Brazil. The Cocoa Life program…
How Starbucks Is Altering Its Loyalty Program
The new Starbucks loyalty program is likely to be met with mixed reviews. Loyalty programs are a key driver of repeat business for a number of businesses, and Starbucks has recently made some big changes in its loyalty program. A new report from Forbes has indicated that Starbucks came to the decision to make changes…
AdvancePierre Expands Leadership
Celeste Clark brings a wide range of expertise to AdvancePierre’s board of directors. Celeste Clark, Ph.D., has been appointed to the board of directors for AdvancePierre Foods (APF). Clark, the recently retired senior vice president of Global Public Policy and External Relations for Kellogg Co., brings expertise in global communications, nutrition science, regulatory affairs, corporate social…
Hershey to Build West African Health Center
Hershey is moving beyond helping farmers to grow quality cocoa by helping promote the well-being of those in West African communities. The Hershey Co. has partnered with cocoa suppliers Blommer Chocolate and Olam Cocoa to build a community health center to provide access to basic health care to West African cocoa communities. The new center…