Ban expected to be lifted after new expiration date in September A moratorium on convenience store permits that has existed in Toledo, Ohio since last August has been extended until Sept. 15 in certain parts of the city, reported the Toledo Blade. City Council voted to extend the moratorium in many of Toledo’s central neighborhoods.…
tim hortons introduces the timcard
Chain moves forward with initiative to increase electronic payments. Tim Hortons Inc. will be launching the closed-loop, reloadable “TimCard” this fall as part of a movement by the chain to increasingly accept electronic payments. During a recent analyst call, company officials for Oakville, Ontario-based Tim Hortons said they expect it will take two years before…
titan grows with appco acquisition
Plans to swell its energy division come together in three-part strategy. Titan Global Holdings Inc. has released its Energy’s Strategic Initiatives for fiscal 2008 following the acquisition of Appalachian Oil Co. (Appco). Titan has launched a three-part strategic plan to follow the Appco deal, starting with securing the supply of biofuels products through strategic agreements…
iowa settles touchplay lawsuit
Deal with division of Krause Gentle worth $1.6 million. The State of Iowa will pay a $1.6 million settlement to the largest of several companies that sued after the state pulled more than a thousand TouchPlay machines from Iowa businesses. A statement issued by the Iowa attorney general’s office said state reached the out-of-court settlement…
rutters honored in pa
Named fourth in state’s list of Top 100 Private Companies, up one spot from 2006. Rutter’s Holdings Inc. moved up to fourth on the Central Penn Business Journal’s annual list of the Top 100 Privately Held Companies in central Pennsylvania. The list, featured in the weekly newspaper’s Aug. 3 issue, ranked companies based on their…
pool power bringing bigbusiness electricity choices to small and midsize businesses
Health insurance. Wholesale clubs. Retirement plans. Small and mid-size businesses have longunderstood the power of banding together, gaining strength in numbers to address the basic costs of doing business. The ability to save money on operational essentials can directly affect your opportunities to survive and grow. Pool Power: Bringing Big-Business Electricity Choices to Small and…
kumgo auctions 33 locations
Twenty-one stores and 12 surplus locations become available for sealed bid. West Des Moines, Iowa-based Kum & Go has launched plans to sell 21 convenience stores in three states. The stores and 12 surplus sites–33 locations in all–will be sold in a sealed bid auction conducted by the Energy Exchange of Chicago on Sept. 18,…
couchetard takes stock of its future
U.S./Canadian marketer launches share repurchase program. Alimentation Couche-Tard Inc., Convenience Store Decisions 2007 Chain of the Year, said that the Toronto Stock Exchange has approved its share repurchase program, authorizing the Laval, Quebec-based company to purchase up to 2,808,765 of the 56,175,312 Class A multiple voting shares and 7,332,066 of the 146,641,334 Class B subordinate…
tesco fares poorly in market study
Even before European grocery-retail giant Tesco arrives in the U.S., it’s already under scrutiny for its business practices. A study issued yesterday by the Urban & Environmental Policy Institute at Occidental College, titled “Shopping for a Market: Evaluating Tesco’s Entry into Los Angeles and the United States” said the company fails to meet the environmental…
big payday for tedeschi
Convenience store operator sells 25 shopping centers for $377 million. Tedeschi Realty Corp. yesterday sold 25 shopping centers, most in Greater Boston, to a Colorado company for $377 million, in the largest transaction of its type in Massachusetts history, the Boston Globe reported. The Tedeschi family will continue to operate and franchise 200 Tedeschi Food…