While merchandise sales are up, the tobacco category remains a challenge, says chief executive of Couche-Tard. Canadian convenience store operator Alimentation Couche-Tard Inc.’s adjusted quarterly profit is up, boosted in part by recent acquisitions, stronger merchandise sales and higher fuel margins, Reuters reported. Net earnings for the company fell, however, due to one-time costs associated…
U.S. Retail Gasoline Prices to Continue Higher after Labor Day
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Bucking the seasonal trend, the U.S. average for regular grade gasoline sold at retail outlets across the country will continue higher after the Labor Day holiday, increasing despite the end of the summer driving season when demand typically declines after peaking during the summer months. There…
Fresh Foods, Fast Service
Burgers, brats and sausages continue to drive sales among core convenience store consumers. By Howard Riell, Associate Editor Convenience dining is on the rise and the demand for sandwiches is jumping. Americans’ love of burgers, sausage and brats is creating plenty of opportunity for convenience stores, where lunch and dinner solutions anchor the menu. The…
Wholesale Gasoline Costs Mixed as some Refinery Units Return from Outages
By Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline costs were mixed countrywide in moving into the second half of August, with some markets, notably the greater Chicago market in the upper Midwest, posting steeply lower values after a surge in those prices in late July early August. Wholesale costs in the broad…
Pantry Reports Results Of Tender Offer
The Pantry announces the final results of its offer to purchase senior subordinated notes. The Pantry Inc. released its final results of its offer to purchase any and all of its outstanding 7.75% senior subordinated notes due 2014 and solicitation consents from holders of the notes to effect certain proposed amendments to the indenture from…
Heineken Fall Retail Program Partners with James Bond Franchise
Heinken, the top-selling European Lager in the U.S., and James Bond, the 2nd highest grossing movie franchise ever, are once again joining forces to drive consumer excitement and maximum retail impact for the launch of the newest Bond franchise movie, Skyfall. In celebration of its 15-year partnership with Bond, Heineken is announcing details of PHASE…
Kentucky Re-Examines State Laws On Sale Of Liquor
One U.S. district judge calls Kentucky’s law prohibiting the sale of wine and liquor in c-stores and grocery stores “unconstitutional.” A U.S. district judge ruled Tuesday that a Kentucky law prohibiting grocery and convenience stores from selling wine and liquor is unconstitutional. U.S. District Judge John G. Heyburn II of Louisville, Ky., said the state…
Former Wilson Farms Stores For Sale
Sealed-bid process starts Wednesday, Aug. 15 and ends Oct. 18. Convenience store giant 7-Eleven is renovating a former Wilson Farms store on Denison Parkway in Corning, N.Y., scheduled for completion this fall, and preparing to divest 30 more, The Leader Online reported. 7-Eleven bought Buffalo, N.Y.-based Wilson Farm’s 188-store New York network last year from…
Ready Pac Foods Recalls Mass Amount Of Apple Products
Ready Pac Foods makes a large recall on sliced apples sold in c-stores, supermarkets and fast food chains. Ready Pac Foods Inc. recalled apple slices and pieces sold at fast food chains such as McDonald’s or Burger King, supermarkets and convenience stores because of possible listeria contamination. Ready Pac Foods reported it is recalling 293,488…
Couche-Tard Acquires 29 Orlando, Fla. Stores
Alimentation Couche-Tard adds 29 c-store locations to its portfolio from Florida Oil Holdings. Alimentation Couche-Tard Inc. signed an agreement to acquire 29 stores in Orlando, Fla., from Florida Oil Holdings LLC through Couche-Tard’s indirect wholly-owned subsidiary Circle K Stores Inc. The transaction is anticipated to close at the end of August, and is subject to…