Sunoco Inc. reported its 2010 second quarter results today, including a net income attributable to Sunoco shareholders of $145 million ($1.20 per share diluted) compared to a net loss attributable to Sunoco shareholders of $55 million ($.47 per share diluted) for the second quarter of 2009. “While market conditions during the second quarter remained challenging,…
Rite Aid Reports Sales Dip for July
Drug store chain Rite Aid Corp. has announced that for the four weeks ended July 24, 2010, same store sales decreased 1.1% over the prior-year period. Its July front-end same stores sales decreased 0.5%, while total drugstore sales for the four-week period decreased 2.2% to $1.886 billion, compared to $1.929 billion for the same period…
A Changing Landscape for CPG Retailers
The Nielsen Company’s Retail 2015 Forecast, revealed at its Consumer 360 Conference this week, showed the pace of change is accelerating as technology, marketing trends and retail formats converge to redefine how consumer packaged goods (CPG) retailers and manufacturers interact with consumers. By 2015, Nielsen predicts mass supercenters and e-commerce to be the big winners…
Consumer Confidence Returning?
Impulse purchases of sodas, Hershey bars and snacks are on the upswing at U.S. convenience stores, a sign the economy and consumer confidence might slowly be turning around, Bloomberg.com reported. The decline in soda sales at convenience stores slowed last quarter for the first time in at least a year, according to PepsiCo and Coca-Cola,…
Gilbarco’s Robinson To Speak at NPECA
Andrew Robinson, director of point of sale marketing at Gilbarco Veeder-Root, is scheduled to speak at the 73rd annual conference of the National Petroleum Energy Credit Association (NPECA) April 20 at the InterContinental New Orleans Hotel in New Orleans. Robinson is set to lead the 10 a.m. POS Technology session that will outline current point…
NACS Releases State of the Industry Report
C-store sales jumped 5% in 2009 despite the economic conditions, reduction in overall consumer spending. Convenience store in-store sales grew 4.9% in 2009, one of the lone bright spots in a battered U.S. economy that saw overall retail sales drop 7%, according to figures released today by NACS. The industry numbers were announced in Chicago…
The Nielsen Co. Reveals Generational Shopping Habits
The Nielsen Company recently analyzed the shopping habits of four key generations (Greatest Generation, Boomers, Gen X and Millennials) to understand generational differences in purchasing practices and gain insights into opportunities for CPG companies. Results showed that the Greatest Generation consumers, shaped by the Great Depression and World War II frugality, are the most…
Strength in Numbers
Resilient, tough and tested. These are just a few of the words analysts and retailers alike used to describe the convenience store and petroleum industry over the past 12 months. With the economy suffering its most difficult period in some 80 years, convenience stores held up rather admirably considering how consumer confidence plunged and the…
Welcome Back Economy?
In the fourth quarter, the economy soared at a faster pace than expected: 5.7%, marking the fastest pace in more than six years, as businesses made less-aggressive cuts to inventories and stepped up spending, Reuters reported. Economists had expected GDP to rise at a 4.6% pace. While the year closed out with a strong fourth…
Susser Holdings Provides Fourth Quarter and 2009 Results
Corpus Christi, Texas-based Susser Holdings Corporation said it expects to report a same-store merchandise sales decline of about 1.2% for the fourth quarter of 2009 and growth of about 3.3% for the full year. Retail average per-store fuel volumes are expected to decline by 5.9% versus the fourth quarter of last year, but on a…