Engine Capital, a shareholder of Parkland Corp., has sent a letter to the board of directors at Parkland outlining ways to improve its shareholder value. Some of the suggestions include evaluating a sale or tax-free spinoff of non-core assets to become a more focused fuel and convenience retailer. The letter goes as follows: Dear Members…
QuickChek Offers Limited-Time Free Coffee
New Jersey-based QuickChek has announced a promotion that gives customers the chance to redeem a free coffee every Friday during the months of March and April. QuickChek Rewards members can get the free coffee — any size, hot or iced — during its “Free Coffee Fridays” by scanning the QuickChek Rewards mobile app or entering…
Energy Shots Overshadowed
While customers remain hungry for energy, the success of the energy drink segment appears to be pulling attention from its sister category, energy shots. Still, effective merchandising can help c-stores inspire impulse purchases of energy shots. Dollar sales of energy shots in the convenience store channel topped $608 million, a drop of 4% for the…
Is a Resurgence Ahead for RYO Tobacco?
Legalized cannabis, herbal options and increasing cigarette costs could work in favor of the roll-your-own (RYO) tobacco category in 2023. The RYO segment has always been a small player in the overall tobacco category. The $35.8 million generated by RYO tobacco sales in 2022 is a pittance of the nearly $55 billion attributed to cigarette…
Ambitious C-Store Chain to Add BTMs
In an effort to add more options for consumers, a c-store chain with more than 270 locations throughout western Pennsylvania, Ohio, northern West Virginia, Maryland and Indiana partnered with Lux Vending LLC dba Bitcoin Depot Inc., a U.S.-based bitcoin ATM (BTM) operator and fintech company. GetGo Café + Market will have Bitcoin Depot’s BTMs installed…
Visa and MasterCard $5.6 Billion Settlement Upheld
On Wednesday, March 15, a federal appeals court upheld a $5.6 billion antitrust class-action settlement with more than 12 million retailers that accused Visa and MasterCard of improperly fixing credit and debit card fees, according to Reuters. The second U.S. Circuit Court of Appeals in Manhattan rejected claims that a class action should not have…
Expanding Electronic Payments
C-stores are expanding mobile and contactless payment options for customers in 2023 as they look to stay at the forefront of electronic payment innovation. “Currently, we are witnessing a rise in contactless payments and biometric technology in the c-store industry,” said Suraz Kayastha, information officer for Quick Track, which operates more than 114 stores across…
Quality, Variety Drive Roller Grill Sales
Roller grill offerings that signal quality to the consumer are likely to drive sales in 2023. Although many convenience stores are focusing on making investments in on-site kitchens and food preparation, roller grill items are still an important part of c-store foodservice strategy, said John Benson, partner in the restaurants, hospitality and leisure practice at…
Yesway Appoints Thomas W. Brown to Chief Real Estate Officer
Thomas W. Brown has been named the chief real estate officer of Yesway, which was founded by Brookwood Financial Partners LLC in 2015. “Over the course of his long-standing tenure at Brookwood, Tom has made outstanding contributions to the firm as an esteemed member of our senior management team. He is extremely well respected by…
Love’s Opens Three New Locations
Love’s Travel Stops has announced the opening of three new stores in Jacksonville, Fla., New Boston, Texas, and Lafayette, Ind. The new locations have added a total of 270 new jobs across the country, in addition to 358 truck parking spaces. The company is also serving customers once again at its Gary, Ind., location that…