Auction to sell convenience store sites expected to interest private equity firms, as well as c-store operators. Valero Energy Corp. is selling its retail business, which is comprised of nearly 1,000 U.S. stores and some 775 units in Canada. The stores are being divested through an auction that could bring in more than $3.5 billion…
Joe Venezia Joins The Pantry
The Pantry appoints new senior vice president of operations. Pantry Inc. has announced that Joe Venezia is joining the executive leadership team as senior vice president of operations. Venezia joins The Pantry from TitleMax. In his new role at The Pantry, he will lead the company’s store operations and be focused on driving sales, improving…
Oatmeal Dispensers
Hot oatmeal can deliver some cool breakfast profits for today’s savvy c-store operators. Curtis can help you capitalize on this popular trend with the new Café Oat3 Oatmeal Dispensing System. With digital precision, the unit optimizes the blending of hot water with all natural oats to consistently create great tasting oatmeal. Exact measurements are combined…
Sheetz President Recognized By Nation’s Restaurant News
“It takes vision and confidence in your strategy” to be a Golden Chain Award winner, says Randall Friedman of Nation’s Restaurant News. Sheetz President and CEO Stan Sheetz has been honored and named a 2012 Golden Chain Award winner by Nation’s Restaurant News for demonstrating overall business performance and growth. Sheetz will be presented the…
PureCloud Security
nCircle, leader in information risk and security performance management, announced the release of PureCloud Enterprise, a cost-effective scanning solution that assists with security visibility. Scan results can be seamlessly integrated into nCircle Suite360 Intelligence Hub to provide a single view of security risk. Pricing for the product starts at $2,417. The product offers the following…
EZ Energy Sells U.S. Stations
Sale expected to close Sept. 15. Israel-based EZ Energy Ltd. is selling its U.S. gas station and c-store operations for $64 million to a foreign operator, whose name has yet to be disclosed, Globes reported. The proceeds derived from the sale are expected to cover all the company’s debt to Israeli bondholders and the loans…
Connecting With Your Customers
Maximizing time spent right in your own stores is an investment that always pays off. By Jim Callahan. One of the common traits among top quartile chains is that we all invest a lot of hours in our businesses. For all of us, there is a finite number of hours that we can work and…
Gasoline Futures Up From Four-Month Low
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Gasoline prices in spot market trading following the Memorial Day weekend were moving higher alongside an advance by gasoline futures known as the Reformulated Blendstock for Oxygenate Blending contract that trades on the New York Mercantile Exchange. Trading has been relatively thin so far in post-holiday…
Creating An Advertising Plan
By John Matthews, president of Gray Cat Enterprises. As you have probably gathered from reading my other articles, I am a firm believer in planning for success. Whether it is operational excellence, de-branding a store or outlining your procedures and policies, prudent planning creates stronger execution and efficiency. While planning may come second nature to…
Wholesale Gasoline Prices Dive Lower on Industry News
Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline prices moved sharply lower during the third week of April, coming under heavy selling pressure as those in the market not hedging liquidated long holdings on growing sentiment that there will be enough supply this summer to avoid a tight market. There were a handful…