NACS has established an ongoing internship program honoring Teri Richman to perpetuate her passion for growing young talent, exploring new ideas and bettering the industry. The program was announced Feb. 10 at the NACS Leadership Forum in San Francisco. Richman joined NACS in 1982 as its first in-house federal lobbyist and played a critical role…
Zippo Acquires Ronson Corp. Assets
Bradford, Pa-based Zippo Manufacturing Company has completed the purchase of substantially all of the assets of Ronson Consumer Products Corporation of Woodbridge, N.J., and Ronson Corporation of Canada Ltd.; and certain related assets of Ronson Corporation. Zippo is one of the world’s most widely recognized brands, best known for its iconic refillable windproof lighter. The…
New Year Marks New Leadership for 7-Eleven Franchisees
The National Coalition of Associations of 7-Eleven Franchisees, which represents the owners of 4,583 franchised 7-Eleven stores across the country, recently elected Bruce Maples as its new chairman. Maples, who most recently served as a vice chairman of the National Coalition, assumed the new post on Jan. 1. Maples has been a 7-Eleven franchisee…
Metis Capital Selling Petro Group Gas Stations
Metis Capital Ltd. is in talks with an Australian gas station company to sell its entire holding in Petro Group Ltd. at a value of NIS 120 million, 115% higher than Petro Group’s market cap, Israel’s Globes Online reported. Metis Capital’s share rose 7.3% yesterday to NIS 17.80, giving a market cap of NIS 133…
New Year, New Opportunities
For many convenience store chains, 2009 could not end soon enough. A challenging economy, higher operating costs, outrageous credit card fees and an onslaught of new tobacco taxes were just some of the issues retailers had to contend with. In our ongoing effort to provide readers with the tools they need to make informed decisions,…
Managing Employees in Tough Economic Times
In order to support the convenience store industry’s forecasting and planning responsibilities for the new year, Convenience Store Decisions and Kleiman HR collaborated on their second annual human resources survey in order to provide some industry-wide insight into the actions others are taking—or planning to take—in the new year. The 2010 survey results include some…
Nice Guys Do Finish First
Congratulations to Nice N Easy Grocery Shoppes, Convenience Store Decisions’ 2009 Convenience Store Chain of the Year. The Chain of the Year award remains the oldest and most prestigious award in the industry. This year is our 20th anniversary of presenting the distinction to a deserving chain and we’re honored to have recognized some of…
Sonja Hubbard Paves the Way for Women in Retailing
As CEO of Texarkana, Texas-based E-Z Mart Stores Inc., which operates more than 300 stores in five states, Sonja Hubbard is a true c-store industry veteran. Hubbard was just a child when her father, Jim Yates founded E-Z Mart in 1970 and learned the ropes at an early age. “I grew up with this industry…
Cigars Enhance Flavor Profile
The SCHIP tobacco tax rates that hit on April 1 are costing cigar smokers more, but sales continue to persevere. As of April, the federal taxes on large cigars rose from 20.719% of the wholesale price with a tax cap of 4.875 cents per cigar to 52.75% of the wholesale price with a tax cap…
C-stores Poised for Huge Growth Through 2013
In the midst of a cavalcade of negative news about the down economy, RNCOS Inc., a research firm, offers some positive news for c-store operators. The firm found that with help from increasing motor fuel and in-store sales, the U.S. c-store industry is expected to skyrocket in growth between 2009 and 2013. In it’s newly…