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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

NEW YORK -- Hess Corp., New York, has acquired 11 convenience stores with gasoline in New England from Christy's of Cape Cod LLC. As reported in a CSP Daily News Flash , having closed on the deal this past Friday, Hess intends to rebrand the sites and hold a grand opening in the spring. Hess will...

Roll-your-own to take tremendous hit as experts project sales declines, job losses

OAK BROOK, Ill. -- Cigarette sales declines of up to 7%, 117,000 jobs on the line and the possible end of the roll-your-own category: These are some of the dire predictions coming on the heels of the Senate's approval of its version of a health insurance program that will raise tobacco taxes by...

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.
A new eco-friendly, healthy food c-store opens in Los Angeles
Tobacco industry execs expect repercussions as excise tax hike seems imminent

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