EG Group has announced an agreement to sell to Asda the majority of its United Kingdom and Ireland fuel, foodservice, grocery and merchandise business for an enterprise value of $2.8 billion. This transaction is a transformational step for EG Group and strengthens its platform to further invest in its proven and successful strategy to roll…
NATO Executive Director Retiring
The National Association of Tobacco Outlets (NATO) has announced that Tom Briant — NATO executive director — will be retiring from his position at the association. Briant was instrumental in founding NATO 23 years ago and has grown the association to be a leading voice in the industry, NATO News stated. “I want to express…
Rockstar Energy Kicks Off ‘Fuel Your Drive’ Promotion
Rockstar Energy is celebrating Memorial Day Weekend by giving away $50,000 to help summer travelers across the country get cash back at the pump and stay energized to get to their next destination during its ‘Fuel Your Drive’ promotion. Each year, Memorial Day weekend marks the unofficial start of summer travel, and millions of Americans…
Thorntons Unveils New Kentucky Location
Thorntons has opened its newest location in Louisville, Ky. The company now operates a total of 46 stores in Louisville and southern Indiana. The 4,400-square-foot facility is set on 3.19 acres and features a number of amenities to serve on-the-go customers, including: Self-checkout to drive a faster and more efficient customer experience LED lighting for…
Loyalty Apps Boost Customer Engagement
Retailers with loyalty programs are trading up to more sophisticated platforms to help them get to know their customers better and target future offers. Tri Star Energy’s Twice Daily convenience stores, which has about 160 locations and supplies fuel to wholesale trade channels in 17 states, and White Bison Coffee shops with 17 units throughout…
14 Cumberland Farms Sites Sold for $73 Million
As of May 23, 14 Cumberland Farms properties have been purchased by Realty Income Corp. for a total of $72.7 million, part of a $1.5 billion sale-leaseback deal between EG Group and Realty Income. Realty Income plans to buy 116 convenience store properties in Massachusetts, reported Worcester Business Journal (WBJ). WBJ noted the 14 Massachusetts…
Kum & Go Launches Summer Sweepstakes
Kum & Go has announced the launch of its “Discover Your Summer” sweepstakes, which runs from May 25 through Aug. 23. Customers can enter the sweepstakes for a chance to win a summer vacation for four to Costa Rice or a national park of their choice for five days and four nights. The prize includes…
Stinker to Improve Customer Loyalty With New Platform
Stinker Stores has selected PAR Technology’s Punchh to enhance customer experience and drive customer loyalty. Stinker, a local favorite with 110 locations throughout Colorado, Idaho and Wyoming, will use Punchh, the loyalty, offers and engagement platform, to help segment and accurately target key groups of customers to build loyalty, especially for products they might not…
Seven & i Holdings’ Candidates Accepted, ValueAct’s Unapproved
Seven & i Holdings’ shareholders elected all 15 of the company’s candidates at the 18th annual shareholders meeting, thereby rejecting ValueAct Capital’s four board candidate nominees. ValueAct has been publicly calling for the replacement of President Ryuichi Isaka as well as the spinoff of 7-Eleven convenience stores. Despite this, Isaka received 76.36% of shareholders’ support.…
Wenzel’s Farm Marks 75th Year of Business
Wenzel’s Farm has announced a full day of events to celebrate its 75th year of business. The celebration will take place Aug. 19 and is open to the public. “With our 75th anniversary, we wanted to thank our employees and community for all of their support of the years,” said Wenzel’s President Mark Vieth. “As…