“Shrink” has become the retail industry’s nomenclature for when inventory, register tills or bookkeeping accounts don’t add up. It’s the catchall term that describes loss of product or cash, and that costs retail businesses, including convenience stores, billions of dollars every year. According to the 2020 National Retail Security Survey (NRSS), the average shrink rate…
Foxtrot Market Opens Two D.C. Locations
Foxtrot Market is making its East Coast debut with two Washington, D.C. openings. Doors open to its Georgetown store March 1 (1267 Wisconsin Ave. NW), with a forthcoming store opening in Mount Vernon Triangle (650 Massachusetts Ave. NW) on March 22. As a company with eyes on rapid expansion, the new stores bring Foxtrot’s national footprint…
What Is EMV?
When the term first came about, EMV stood for Europay, Mastercard and Visa. EMV is now a registered trademark in the U.S. owned by EMVCo LLC. EMV — managed by EMVCo, whose members include Mastercard, Visa, American Express, Discover and other card networks — started with debit and credit cards, but now has expanded to…
Road Ranger Adds AI-Powered Software
Road Ranger, based out of Rockford, Ill., is bringing CB4’s AI-powered software to its 40-plus convenience stores and travel centers throughout seven states. “Having the right products in the right places is one of our most important duties as a retailer,” said Marko Zaro, Road Ranger CEO. “Leveraging CB4’s technology, we are finding we can…
Invenco Announces Cooperation With Verifone
Invenco, a global provider of revolutionary self-service payment technology and secure customer engagement solutions, has agreed with Verifone, a world leader in payment and commerce solutions in a number of industries and verticals, to cooperate on interoperability of Invenco’s G6 and G7 Outdoor Payment Terminals with certain versions of Verifone’s Commander Point-of-Sale Software. This cooperation…
bp Debuts Price Match Offer for BPme Rewards Members
bp announced Price Match, a first-of-its-kind offer that gives BPme Rewards members the best gas price by automatically comparing bp and Amoco prices to competitor stations within a half mile radius. If there are no competitor stations within a half mile radius, the search expands up to two miles. If there is a lower price…
McLane Introduces New Digital Platform, McLane EDGE
Temple, Texas-based McLane Co. Inc., a leading supply chain services company providing grocery and foodservice solutions, introduces McLane EDGE, a digital platform that offers marketing and merchandising insights, the latest sales-building programs, services, promotions, category trends and new products, plus valuable information to help retail businesses grow in a fast-paced, ever-changing environment. The new digital…
GPM Parent Company Arko Signs EV Charger Deal
Arko Corp. — which owns GPM Investments, the seventh largest convenience store chain in the U.S. — announced that it has signed a strategic memorandum of understanding (MOU) with Chakratec, an Israel-based developer of electric vehicle (EV) charging technology, to distribute the kinetic storage systems for fast charging of electric vehicles. Chakratec is a developer…
Mars Wrigley Robot Brings Candy to the Customer
Customer service is about to get a lot sweeter. Mars Wrigley has partnered with Wakefern Food Corp., the largest retailer-owned cooperative in the U.S., and Savioke, a robotics provider, in utilizing dynamic robotic technology for the retail space. The partners introduced at a ShopRite store in Monroe, N.Y., a new robot that displays and delivers…
Chevron Expands Partnership to Fuel Natural Gas Vehicles
Chevron U.S.A. Inc. and Brightmark LLC announced the expansion of their previously announced joint venture, Brightmark RNG Holdings LLC, to own projects across the United States to produce and market dairy biomethane, a renewable natural gas (RNG). Brightmark RNG Holdings’ subsidiaries currently own RNG projects in western New York, western Michigan, central Florida and South…