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Tuesday, January 26, 2010
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VOLUME 10
ISSUE 17
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Loaf 'N Growth
Kroger c-store chain Loaf 'N Jug acquires four stations from Sinclair Oil
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Recent Headlines
A complete archive of recent news in the financial category
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Recent Headlines
A complete archive of recent news in the snacks & candy category
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Breaking Down Interchange
CNN reports on "swipe fees"; merchant says Congress should stand up to banks
ATLANTA -- CNN national political correspondent Jessica Yellin filed a report on Saturday on Your Bottom Line, hosted by Gerri Willis, examining credit-card interchange fees, "a hidden cost store owners say is crippling business." Estimates show that in 2008 banks collected $38 billion to $46 billion in swipe fees alone, and some in Congress say that's way too much and a sign that too few banks control the credit-card business, said the report.
FULL STORY
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Fresh Helps Convenience
NPD: More than half of c-store fresh food buyers chose store based on foodservice
HOUSTON -- Fresh food continues to be a category opportunity for c-stores, said The NPD Group. NPD's Convenience Store Monitor, which tracks the consumer purchasing behavior of more than 49,000 U.S. c-store shoppers, reports that in third-quarter 2009, more than half of fresh prepared food buyers at c-stores chose a c-store because of the foodservice offering, up nearly a point over the year ago quarter.
Fresh prepared food buyers also averaged 7.8 visits over a 30-day period versus 5.66 for all c-store shoppers. Also, fresh food buyers, on average, purchased 4.1 products versus 1.64 products bought by all c-store shoppers, and their average check was $1.65 higher than all c-store shoppers.
FULL STORY
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Falling-Down Funny
PCATS announces winners of first "funniest online video" contest
NEW ORLEANS -- With video titles ranging from "Gas Pump Wrestling" to "Don't Open the Door Yet" (which takes place in a car wash), the Petroleum Convenience Alliance for Technology Standards had no problem bringing the funny in its first "funniest online video" contest.
Created as part of the entertainment for the opening night reception of PCATS' annual conference in New Orleans, the alliance named the four winners, entered in the categories of c-store, fuel pump, customer service, technology, security, teamwork, lottery and "really stupid tricks."
FULL STORY & MULTIMEDIA
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