Corporate News

Corporate news affecting the convenience store industry

Costs from increase in electronic payments, ATMs impact profit

LAVAL, Quebec -- Alimentation Couche-Tard Inc., North America's third-biggest convenience-store operator, said fourth-quarter profit fell 1.2% as income tax more than doubled and the company earned less on U.S. gasoline sales, said Bloomberg News. Net income in the period ended April 30 fell to $32...

Fell joins brewer from Cadbury Schweppes

LONDON --Brewer SABMiller PLC has appointed Nick Fell as Group Marketing Director effective August 1, 2006. Fell joins the business from Cadbury Schweppes, where he was president of global commercial strategy, responsible for creating strategies and capabilities to grow Cadbury's share of the...

68 S.C., N.C. stations, stores for sale

RICHMOND, Va. -- A chain of petroleum marketing, distribution and convenience stores, which consists of 68 company-operated stores, three dealer-operated stores and four development sites owned by Southern Convenience Stores Inc., Chester Marketer Inc., Marketer Investment Co. Inc., Petroleum World...

Roskams, Blaney will help refine support services, business development
Alarmed by a steep sales decline for Snickers, $18 billion food giant Mars has fired Martyn Wilks, the 20-year company veteran who headed the U.S. snack-food unit.
Mary Parsons has been named vice president of snack platforms and tech center operations at The Hershey Co., effective immediately.
The U.S. has been hostile territory for British retailers; will Tesco repeat history or break the pattern?
Kwik Trip Inc. operates a Food & Drug Administration (FDA)-approved bakery, offering customers fresh Kwikery bakery products.
Fresh & Easy c-stores in U.S. expected to be profitable within a year or two
An American consumer in London finds freshness, new appreciation for convenience retail