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7-Eleven reduces workforce by 10%; "no impact on stores," retailer says

DALLAS -- 7-Eleven Inc. has joined other major retailers such as Macy's, Starbucks, Home Depot and Walgreens among many other companies of all kinds in announcing layoffs due to the economic crisis. Reacting to what it called "unprecedented challenges for businesses and people across North America...

Refiner-marketer to sell 165 sites, but not ready to leave retail

PHILADELPHIA -- Though announcing the sale of 165 sites in the eastern United States, Sunoco Inc., with its current network at 1,114, is not getting out of retail as other oil companies in recent months have decided, officials told CSP Daily News . Part of an ongoing review designed to maximize its...

Legislation raises federal cigarette tax to $1.01 per pack on April 1

WASHINGTON -- With President Obama now having signed the State Children's Health Insurance Program (SCHIP) bill, effectively raising taxes on most tobacco products beginning April 1, retailers are looking to move beyond the political battle the bill raised and focusing on their bottom line. "We...

Christy's of Cape Cod sells 11 locations to integrated oil company.
Roll-your-own to take tremendous hit as experts project sales declines, job losses
SCHIP vote leaves retailers reeling over likely sales declines,security issues
New "Fresh on the Go" program will deliverperishable foods to c-stores.
Introduces SCHIP amendment to reduce cigarette tax increase by more than half
Mandate could force dozens of California gas stations out of business
7-Eleven's DePinto stresses need for innovation, lays out company's new strategy.