Industry Roundup: The Top 10 Most-Read Stories of June 2024
1) Five Finalists Named for 2024 Top Women in Convenience Corporate Empowerment Award
The award honors commitment to gender equality and promotion of female leadership and advancement. Finalists include 7-Eleven Inc., Alimentation Couche-Tard Inc./Circle K, Giant Eagle Inc./GetGo, OnCue and The Wills Group/Dash In.
2) Convenience Store News Reveals 2024 Hall of Fame Inductees
Darren Rebelez, chairman, president and CEO of Casey's General Stores Inc., and Kimberli Carroll, president and CEO of Ruiz Food Products Inc., will be honored in November.
3) Convenience Store News' 2024 Retailer Executive of the Year Is…
Maverik — Adventure's First Stop more than doubled its footprint under the leadership of Chuck Maggelet, who retired May 1 as CEO and Chief Adventure Guide.
4) Free Frazil Friday Returns to Convenience Stores
The program returned after its successful inaugural rollout in 2023 in Utah, Nevada and Idaho. C-store chains across the nation made free small-sized Frazils available weekly in June at participating locations.
5) Foxtrot to Make Its Return This Summer
Soon after a note predicting "a new Foxtrot with some old friends" was posted to the shuttered retailer's Instagram account, a spokesperson shared that cofounder Mike LaVitola plans to open several locations in Chicago, Dallas and Austin, this summer.
6) Alimentation Couche-Tard Announces Leadership Changes
President and CEO Brian Hannasch is retiring after 25 years with the company. Alex Miller, current chief operating officer, will succeed him in September.
7) FDA Authorizes First Menthol Vapor Products
This marks the first time the agency has issued marketing granted orders for nontobacco flavored vapor products through the premarket tobacco application pathway. The marketing orders are specific to four NJOY applications.
8) Fast Track Exits the Convenience Channel
Anabi Real Estate Development LLC dba Anabi/Rebel acquired its petroleum marketing, convenience retail and quick-service restaurant (QSR) businesses. The deal includes 17 c-stores, 10 colocated QSRs and two standalone QSRs in northern Florida.
9) Judge Signals Dismissal of Swipe Fee Settlement
Judge Margo Brodie shared her intention the quash the proposed $30 billion settlement ahead of her official order. Objectors to the settlement included the National Retail Federation, the Merchants Payments Coalition and NACS, among others.
10) Buc-ee's Cuts the Ribbon on Its Largest Location
Occupying more than 75,000 square feet, the updated site in Luling, Texas, beats the size of Buc-ee's now-second largest location in Tennessee by 1,000 square feet and will replace the city's current aforementioned store, which was built in 2003.