Convenience Store News

MAR 2017

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TOP 5 Daily News Headlines The most viewed articles online. 10 Convenience Store News | MARCH 2017 | WWW.CSNEWS.COM CSNEWS .COM 1 | Altria Assembles Team for iQOS Commercialization Altria Group Inc. continues its innovation journey as it assembles a team to work on the commercialization of iQOS in the United States. The company is working with Philip Morris International to bring the heat-not-burn product to the U.S. In early December, it submitted a Modified Risk Tobacco Product application for the electronically heated tobacco product with the Food and Drug Administration's Center for Tobacco Products. 2 | Walmart Testing Another New C-store Concept The 2,500-square-foot fuel station and convenience store combo features an expanded selection of food and drinks, and is located at the entrance of a Walmart Supercenter. The store replaces a previous kiosk at the existing fuel station, which was manned by one employee and offered a small selection of c-store staples like candy, chips and soft drinks. 3 | Rutter's New Way to Put Snack Sales in the Bag Rutter's Farm Stores is rolling out a new strategy of "attack- ing snacking" with the introduction of a new grab-and-go pouch for hot fresh-food items. Developed with a company that offers state-of-the-art packaging, the Rutter's-branded bag is breath- able, microwavable and resealable, holds heat well, and has a handle for optimum convenience and freshness. 4 | Wawa Reportedly Secures Tug Barge for Fuel Transport Wawa Inc. will take delivery of an articulated tug barge from Fincantieri Bay Shipbuilding in order to transport gasoline from the Gulf Coast to Florida. This will facilitate Wawa's plans to expand its presence in Florida, which relies primarily on seaborne fuel shipments due to lack of pipeline access. 5 | More Than 100 Sunoco LP Properties Up for Sale Sunoco LP has placed a collective for-sale sign on more than 100 real estate assets, including company-owned locations and undeveloped greenfield sites. The properties are located in Florida, Louisiana, Massachusetts, Michigan, New Hampshire, New Jersey, New Mexico, New York, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, Texas and Virginia. ONLINE EXCLUSIVE PRODUCT HIGHLIGHT The most viewed New Product online. How Market 24 Saw a Sharp Decrease in Shrink Market 24, a 20-store western Pennsylvania convenience store chain, has seen a sharp decrease in shrink, as well as more efficient store operations, since instituting a new loss prevention analytics system this past July. Loss Prevention Analytics is part of a suite of technology solu- tions from Pittsburgh-based Petrosoft Inc. Since installing Loss Prevention Analytics, Market 24 has seen its shrink ratio reduced from 1.2 percent of sales to 0.6 percent. Swisher Sweets Banana Smash Joining the Swisher Sweets limited-edition lineup is the brand's new Banana Smash cigaril- los. According to maker Swisher International, Banana Smash provides the perfect bold, yet sweet blend of banana and strawberry. Swisher Sweets Banana Smash cigarillos are now available to ship to stores nationwide in a resealable two-count pouch with the "Sealed Fresh" guarantee. The product comes in "2 for 99ยข," "Save on 2," and "2 for $1.49" price options. This fruity blend will be available for a limited time only. Swisher International Inc. Darien, Conn. (800) 874-9720 For more exclusive stories, visit the Special Features section of EXPERT VIEWPOINT: Five Considerations When Designing a Rewards Program Rewards programs can invigorate your brand, increase revenue, and improve profitabil- ity, according to Lee Barnes of Paytronix. By enticing customers to visit more often and spend more with each visit, a rewards program can deliver outstanding financial returns. Regardless of the concept, any rewards program has two goals: drive members to visit more often; and spend more when they visit. Your customers have choices about where they shop. Make your convenience store their favorite destination with an enticing pro- gram that inspires regular visits and cultivates a long-term connection.

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