Julian Jackson, a former bantamweight boxer and a pioneer in the c-store industry, who founded Jackson’s Minit Marts and Lil’ Champ Food Stores, died last week. He was 98. Jackson was a member of the Jacksonville Sports Hall of Fame and the North American Boxing Federation Hall of Fame, the Times-Union reported. Born in Perry,…
NACS Chairman Jeff Miller Urges Advocacy
Approximately $3.2 million dollars. That’s the savings thus far to the convenience and fuels retailing industry and their customers since the Durbin amendment took effect just yesterday, said NACS Chairman Jeff Miller during the NACS Show Opening General Session. Miller, who is president of Norfolk, Va.-based Miller Oil Co., said that the swipe fee reform…
Retailers See Loss Prevention Results
“For the first time in over 10 years, total shoplifter and dishonest employee apprehensions, and the dollars recovered from those apprehensions all declined from the previous year,” says president of Jack L. Hayes International. Shoplifters and dishonest employees stole over $7.0 billion in 2010 from just 23 major retailers, according to the 23rd Annual Retail…
Shriber Joins PetroProperties & Finance
PetroProperties & Finance LLC is welcoming Ken Shriber, managing director of Petroleum Equity Group LTD. of Chappaqua, N.Y., to its team of petroleum professionals. Serving in the capacity of region vice president, Shriber and his company will exclusively represent PetroProperties & Finance from Delaware to Maine. “Ken brings to the PetroProperties & Finance network the…
Senate Passes Financial Reform
The convenience and petroleum retailing industry are now celebrating the end of a nearly 10-year battle to rein in interchange fees. Yesterday, July 15, the U.S. Senate voted 60 to 39 in support of the financial reform package known as the Dodd-Frank Bill that contains the crucial interchange amendment, NACS reported. Thursday’s vote was the…
Agreement Reached On Interchange
Assistant Senate Majority Leader Dick Durbin (D-IL) and key conferees have reached an agreement on the Wall Street reform bill, regarding his amendment regulating interchange fees, NACS reported. The agreement makes minor, clarifying changes to the language, which passed the Senate 64 to 33 on May 13, and responds to concerns raised by state governments…
Pye Promoted At Just Born Inc.
Bethlehem, Pa.-based Just Born Inc., a confectionery manufacturer, has promoted Matthew Pye to vice president of brand development and corporate services. Pye returns to Just Born headquarters from North Carolina where he has been heading up the company’s Southeast Sales Division since 2006. In his new role, Pye reports to Matthew Petronio, COO and executive…
7-Eleven Looks To Las Vegas
Dallas-based 7-Eleven Inc. is ready to expand in Las Vegas, with 15-20 more stores in the next three years. Starbucks, meanwhile has closed 12 locations in the area, Las Vegas Review Journal reported. The c-store chain already runs 160 convenience stores in Clark County, Las Vegas, but recently hired a commercial real estate firm to…
New Cigarette Rules Proposed Today In New York
This afternoon, the state tax department of New York will issue regulations to collect taxes on cigarettes sold by Indian retailers, The Buffalo News reported. The new plan looks to collect the tax “upstream” rather than from Indian retail shops. Tobacco manufacturers will be required to sell cigarettes only to licensed stamping agents, certifying that…
Anheuser-Busch Eliminates 90 Positions
Anheuser-Busch InBev NV’s U.S. division cut about 90 jobs in its sales division Thursday, including several vice presidents, some 350 other layoffs are occur in the coming months as part of the company’s restructuring, The Wall Street Journal reported. The job reductions linked to the reorganization are intended to help the world’s largest beer maker…