Turnkey solution aims to drive in-store traffic, new customers and revenue. Cumberland Farms, the largest convenience store and petroleum marketer in the Northeast, said it would begin carrying Coinstar’s ‘pay as you go’ products at all 600 Cumberland Farms convenience stores. The product line includes national and regional prepaid wireless programs, prepaid MasterCard and Visa…
noco adds to store count
New unit in Tonawanda, N.Y. features Nickel City Market Café. NOCO Express Shops today reported that it has acquired a Mobile Station in Tonawanda N.Y. and has completely rebranded the entire location, which is now officially open for business as a NOCO Express Shop. The 3,000 sq. ft. store, NOCO’s 32nd unit, took three days…
kwik trip continues aggressive growth
Chain opening a store in Austin, Minn., one of 20 new units it scheduled to open in 2007. Austin, Minn. is getting its second Kwik Trip convenience store this week as the La Crosse, Wis. chain completes renovations to rebrand the former Severson Conoco gas station. The Austin stories one of about 20 new Kwik…
fusion oil stations to be auctioned off
Sale of 41 stores part of bankruptcy proceeding against Fusion Oil by Comerica Bank. A sealed bid auction of Fusion Oil’s assets is underway as part of a bankruptcy proceeding against the oil marketer by Comerica Bank. The sale includes 41 gas stations and convenience stores in Michigan and Ohio. Some of the stations and…
pantry changes 07 forecast
Falling shares cause company to reevaluate current financial condition. The Pantry Inc. has needed to reissue it’s financial forecast for the 2007 year for the third time since November, sending the price of shares down more than 11%, reported Reuters. The main reason for this change stems from an evaporation of gas margins the store…
toa reports big first quarter losses
Recent merger and taking the company public gobbled up revenues, profits. TravelCenters of America LLC has reported a huge loss for its first quarter, which ended March 31, due in large part to costs connected with going public. The company’s net loss in the quarter totaled $54.3 million. $45 million of the loss came from…
wholesale firms on the block
PetroProperties & Finance coordinating the confidential sale. by John Lofstock ____________________________________________ Wholesale petroleum companies in five key markets have been put on the sales block, CSDecisions.com has learned. PetroProperties & Finance LLC of Coral Gables, Fla., is coordinating the confidential sale of the companies in Delaware, Georgia, Illinois, Pennsylvania and Texas. Citing confidentiality agreements,…
financing for the future
When examining short- and long-term funding options, experts stress the importance of due diligence. In the summer of 2005, Meridian, Miss.-based DeweeseEnterprises Inc., owner-operator of the Super Stop! convenience store chain, completed a $30 million deal that significantly improved the company’s bottom line. Deweese sold 24Super Stop locations in Mississippi to Realty Income Corp., aNew…
chevron gets fresh
New imaging program transforms the forecourt with a colorful array of bright lights and warm, friendly graphics. Amateurs work until they get it right. Professionals work until they can’t get it wrong. It’s this philosophy that is driving Chevron to display its professional prowess as it prepares for the nationwide rollout of its Image Refresh…
underserved markets present growth opportunities
Convenience store operators urged to use alternative data sources to get a better estimate of true market demand. by John Weiser, Contributing Editor Underserved markets neighborhoods with high concentrations of ethnic minorities and immigrantsare fast growing and overlooked by major retailers. There are significant profit opportunities in these neighborhoods for savvy convenience store operators. But…