More Shoppers Will Buy Gift Cards

This holiday season, shoppers plan to spend more than ever on the most flexible and convenient of gifts: a gift card. With retailers providing increasingly creative ways for gift cards to be personalized and delivered, NRF’s 2012 holiday consumer spending survey conducted by BIGinsight shows that 81.1% of shoppers will purchase at least one gift…

PM USA Raises Prices Again

Altria Group Inc.’s Philip Morris USA is pushing through a price increase of six cents per pack across all of the company’s cigarette brands, the second round of price rises this year, reported Dow Jones. The maker of Marlboro and L&M cigarettes confirmed it would enact the price increase on shipments effective December 3rd. The…

Central Grocers Buys Chicago Distributor

Central Grocers, a member-owned grocery wholesaler, said it has agreed to acquire the distribution arm of Chicago-based Dearborn Wholesale Grocers. Terms were not disclosed. 
According to its website, Dearborn, founded as a wholesaler in 1919, operates a 350,000-square-foot main distribution center in Chicago. The company also operates a 120,000-square-foot facility for reserve stock, health and…

Foodservice Key Opportunity for Convenience Stores

As revenues from gasoline and tobacco products fall, foodservice sales are increasingly becoming c-stores’ most profitable category. Convenience store foodservice is an $11 billion industry, and the second-largest retail host foodservice category behind supermarkets. 
The c-store segment comprises about 29% of retail foodservice and almost 2% of the total foodservice industry. Technomic projects that c-store…