NATIONAL REPORT — Convenience retailers’ acquisitions, store updates and plans for the rest of the year were among the top headlines last month. In the latest Industry Roundup, we present the top 10 most-read stories for the month of February, based on reader views:
1) Speedway Sale to 7-Eleven On Track for Q1 Completion
As businesses, and the country as a whole, grapple with the COVID-19 pandemic, Marathon Petroleum Corp. is staying focused on the things it can control. “The unprecedented challenges this year created by the COVID pandemic accelerated the need for us to act swiftly and decisively to change how we conduct our business,” Michael J. Hennigan, president and CEO, explained during the company’s fourth-quarter 2020 earnings call, held Feb. 2.
2) Gas Prices Expected to Keep Climbing Driven by Rising Crude Oil Prices
“For nearly a year, motorists have been saving 53 cents a gallon, on average, when filling up their gas tanks,” said Jeanette Casselano McGee, AAA spokesperson. “That extra pocket change is quickly going to dwindle thanks to rising crude oil prices that have made for more expensive pump prices.”
3) Convenience Store News Honors 16 Suppliers as 2021 Category Captains
The entire convenience store industry had to adjust in 2020, with cleanliness and contactless solutions coming to the forefront and making it even more critical for retailers and suppliers to work together to squeeze as much sales and profit out of every product category as possible….