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Convenience Stores

  • RSR Research: Home Depot tops in digital gift cards

    Walnut Creek, Calif. -- The Home Depot comes in first in a new ranking of retail digital gift card offerings. Retailers with the highest overall digital gifting scores in  a new RSR Research benchmarking report, “Digital Gift Cards: The Good, The Bad, And The Ugly, are The Home Depot, Sephora, Starbucks, Dunkin’ Donuts and The Cheesecake Factory.

  • Kroger names new divisional president

    Steve McKinney was named president of Kroger’s Fry’s Food Stores division in Arizona to succeed Jon Flora who passed away unexpectedly two weeks ago.

    McKinney, 57, had previously served as vp of operations at Kroger’s Ralph’s division in California since 2007. The Fry’s division operates 119 stores in Arizona.

  • Five Applebee’s sold in 1031 exchange

    San Diego  — Representing a real estate investment trust, The Mansour Group has sold a portfolio of five Applebee’s for $13.3 million.

    To complete the transaction, The Mansour Group sourced a private high net worth California investor, who sold an apartment complex and acquired the portfolio through a 1031 exchange. The restaurants are located in North Carolina, Texas, Tennessee, Minnesota and Kentucky:

  • Changing of guard at Sheetz as Joe Sheetz assumes CEO role

    Altoona, Pa. -- Joe S. Sheetz, executive VP of finance and store development for Sheetz, will assume the position of president and CEO, beginning Oct. 1.

    Current chief executive Stan Sheetz leaves the presidency after 18 years and will stay active in the convenience store chain in the role of chairman.

  • Tesco’s Fresh & Easy declares bankruptcy to ease sale to Burkle

    New York -- Tesco Plc’s Fresh & Easy chain filed for Chapter 11 bankruptcy as part of a plan to sell most of the U.S. chain’s 167 stores to a private equity firm led by billionaire Ron Burkle.

    Fresh & Easy cited debt between $500 million and $1 billion in a court filing on Monday in U.S. Bankruptcy Court in Wilmington, Del. According to the documents, a unit of Tesco will end up with a 22.5% stake in the Yucaipa affiliate that acquires the supermarket chain.

  • Five Cool Mobile Retail Apps

    Mobile retail apps are nothing new, but retailers are constantly adding new features and functions that maximize their reach and value. Here’s a brief look at five cool mobile retail apps that have all been launched or piloted in the past few months:

    Amazon.com Mobile Associates API

  • Weather Trends: October 2013

    October 2013 is projected to be the coolest in four years for the U.S. as a whole. Expect colder year-on-year trends across the Northeast and Southwest, especially during retail weeks one, three and four. Wetter trends will encompass the Texas to Louisiana Gulf Coast, where tropical storm and hurricane potential will be the highest should any storms develop this month and threaten the U.S. mainland. The northern tier of the U.S. will trend drier than last year, especially across the Great Lakes.

  • Kroger taps Ralph’s VP as president of Fry’s Food

    Cincinnati -- The Kroger Co. has promoted Steve McKinney to president of the Fry's Food Stores division. Fry's operates 119 food stores in Arizona.

    McKinney, 57, has been VP of operations at the company's Ralphs division since 2007. He succeeds Jon Flora, who passed away unexpectedly two weeks ago.

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