The tax bill for a spinoff is reportedly less than the tax bill for an outright sale. As would-be buyers eye a chance to bid on Valero Energy Corp.’s Corner Store chain, after it was announced the company plans to divest the stores, San Antonio Business Journal has reported that Valero could instead opt to…
Parker’s Convenience Stores Garnering National Attention
Georgia chain debuts on Inc. magazine’s celebrated list of fastest growing companies. By Erin Rigik, Associate Editor. The Parker Cos. Inc., with 27 convenience stores throughout southeast Georgia and coastal South Carolina, has scored the No. 3006 spot on the annual Inc. 500/5000 Fastest Growing Companies list. It’s the first time the c-store chain has…
Holiday Stationstores And Cub Foods Launch Rewards
Two Minnesota companies team up with launch My Cub Rewards Program beginning Sept. 30. Cub Foods and Holiday Cos.—both based in Minnesota, are joining forces to deliver big fuel savings and increased value on everyday grocery purchases to consumers through the launch of the My Cub Rewards Program. Cub Foods consumers who use the new…
Wholesale Gasoline Costs Mixed in Late September
Wholesale gasoline costs moved mixed in very choppy trading during the third week of September, with the benchmark futures contract slumping to a six-week low at one point before rebounding on renewed optimism for the global economy amid central bank stimulus measures. A huge build in crude stocks reported by the Energy Information Administration for…
Susser Soars Amid NYSE Debut
Susser expects to use the proceeds to repay its parent company for capital expenditures. Susser Petroleum Partners LP’s common units climbed as much as 16% on their market debut, a day after the company priced its initial public offering slightly below the top end of its expected range, Reuters reported. Susser Petroleum Partners LP priced…
Kangaroo Express Celebrates National Coffee Day
One-cent Bean Street Coffee greets customers. The Pantry Inc. is celebrating National Coffee Day on Saturday, Sept. 29 by offering a 12-ounce Bean Street Coffee for just one penny to every guest at its more than 1,500 Kangaroo Express convenience stores. Guests can shine up that penny in their pocket and stop by any Kangaroo…
Rutter’s Among 50 Fastest Growing Companies
The York, Pa.-based convenience store chain moves from the No. 27 spot it held in 2011 to No. 15 among fastest growing companies. Rutter’s Farm Stores has ranked No. 15 on the 16th annual list of the 50 top businesses making significant contributions to the growth, strength and success of the central Pennsylvania economy. This…
Winning Lottery Ticket Sold At Rutter’s
Winning Match 6 ticket worth $1.2 million marks the 27th winning ticket sold at a Rutter’s since April 2007. A jackpot-winning Pennsylvania Lottery Match 6 Lotto ticket worth nearly $1.2 million from the Sept. 13 drawing was sold at the Rutter’s Farm Stores at 35 N. Main St., Jacobus, York County. This is the second…
American Natural Retail Acquires Mon Valley Petroleum
Sale includes 15 Buy-N-Fly gas stations. American Natural Retail has acquired Mon Valley Petroleum, a fuel retailer and distributor based in McKeesport, Pa. American Natural Retail is planning a fleet of upscale convenience stores and gas stations with compressed natural gas in the Pittsburgh region, Pittsburgh Business Times reported. The sale includes 15 Buy-N-Fly gas…
Casey's General Stores Beats Profit Predictions
Casey’s General Stores posted a quarterly profit that exceeded estimations, helped by higher margins at its prepared foods and grocery businesses, and sending its shares up about 5% in extended trading, Reuters reported. Casey’s net income fell slightly to $39 million, or $1.01 per share, from $39.4 million, or $1.03 cents per share, a year…