NACS Consumer Fuels Survey: More consumers think that gas prices will be lower in the next 30 days rather than higher
ALEXANDRIA, VA, 2014-12-17 — /EPR Retail News/ — The recent decline in fuel prices has resonated with consumers, 80% of whom report that gas prices are lower than they were 30 days ago and, for the first time in two years, more consumers think that gas prices will be lower in the next 30 days (30%) rather than higher (27%), according to the latest NACS Consumer Fuels Survey.
The lower prices have not had an appreciable effect on consumers’ feelings about the economy in general, however. Consistent with the prior three months, 47% of consumers are “somewhat” or “very” optimistic about the economy. Meanwhile, 77% of consumers said that gas prices are having a “great” or “some” impact on their feelings about the economy, which is the lowest percentage recorded in two years. Gas prices continue to have a greater impact on those 18-34 years of age, 88% of whom said that prices affected their feelings about the economy.
Consumers report that the average price of regular gasoline where they live is $2.70, which is 95 cents per gallon lower than the average consumer-reported price in July and marks the fourth consecutive month in which the reported price has decreased.
Lower prices also affected consumers expected expenditures in the upcoming month, with 24% saying that they will spend more than they did last month, up from 21% in November and 15% in October. Consistent with the degree to which gas prices affect their feelings about the economy, consumers ages 18–34 seem buoyed by the lower fuel price, with one-third expecting to spend more in the upcoming month.
Lower fuel prices could have a negative effect on the short-term prospects for alternative fuel vehicles and other fuel-saving measures often employed by consumers. For the first time in a year, the gas price at which consumers would try to reduce how much they drive was more than $1.00 higher than the price they are paying now and the price at which they would seek an alternative to driving neared $2.00 above current prices. This indicates that consumers are less prone to consider alternative methods of travel due to lower fuel prices.
NACS, which represents the convenience store industry that sells 80% of the gas sold in the country, conducts the monthly consumer sentiment survey to gauge how gas prices affect broader economic trends. The National Association of Convenience Stores (NACS) survey was conducted by Penn, Schoen and Berland Associates LLC; 1,110 gas consumers were surveyed Dec. 9-11, 2014. Summary results are at www.nacsonline.com/gasprices.
Founded in 1961 as the National Association of Convenience Stores, NACS (nacsonline.com) is the international association for convenience and fuel retailing. The U.S. convenience store industry, with more than 151,000 stores across the country, posted $696 billion in total sales in 2013, of which $491 billion were motor fuels sales. NACS has 2,100 retail and 1,600 supplier member companies, which do business in nearly 50 countries.
High-speed and Smart Billing Solution from Millennium India
Chennai, India, 2018-Oct-09 — /EPR Retail News/ — Keeping its endeavor to empower retailers with latest technology to enhance their business, Millennium Soft-tech India today introduced yet another advanced and multi-functional, yet affordable Android Desktop POS solution for Indian businesses who hitherto are striving for futuristic and high-speed POS devices to extend customers with best-in-class in-store experience.
MagicBox ELITE Android desktop POS terminal is strikingly similar to MagicBox Plus, which the company has unveiled to small and medium retailers last month, but with a few add-ons. One of the striking features Elite offers is an in-built 3-inch thermal receipt printer (160 mm per sec with auto-cutter) which intends to benefit wholesale and larger business enterprises to speed-up their checkouts and provide customers with more detailed purchase orders, bills and receipts.
MagicBox Elite has 11.6-inch screen touch display with HD resolution and IPS technology provides good readability even under bright sun. Bluetooth (4.0), NFC (optional) technology, 2- line LED customer display and Wi-Fi are the other highlights of this POS terminal. The compact, well designed and rugged desktop POS terminal also comes with plenty of USB connectors to connect hardware devices such as external printer and barcode scanner.
Commenting on the release of new desktop POS terminal Bhaskar Venkatraman, CEO and Director of Millennium Soft-tech India, said: “Indian retailers are hard-pressed to meet growing customer demand and challenges posed by large peer groups who are equipped with latest billing and store management solutions to offer the best shopping experience to customers.”
“The advent of supermarkets and smart stores in the neighborhoods are compelling retailers to come out of traditional retailing practices and adopt modern technologies as customers, armed with mobile technology, want to connect with retailers through multiple touch-points. So, whoever offers flexible transaction windows, get more customers and business. MagicBox Elite intends to help retailers of any size provide fast and advanced billing solution to customers while automating several in-store activities such as inventory, sales, payments, purchases and CRM,” Bhaskar further stated.
The new MagicBox Elite comes with user-friendly retail software application, and shop owners can easily perform GST billing, accept multiple payments, manage inventory in real time, send offers and discounts to valued customers, manage CRM and loyalty programs and generate sales reports for better business forecast and management. Accessible on Cloud, retailers can get store information in real time anywhere and can take crucial business decision on the go.
“MagicBox Elite offers versatile POS solutions for retailers belong to myriad business verticals. From small, medium to large grocery stores, departmental stores, food stalls, bakery shops, diagnostic and testing labs to medical stores, dairy business, electrical and home appliance showrooms, footwear shops and hospitality industry can use Elite to provide the best-in-class customer experience,” concluded Bhaskar.
About Millennium India
Established in 2002, Millennium Soft-Tech (India) Pvt Ltd has been in the forefront of providing Point of Sale (POS) technology products and solutions to Indian businesses through astute marketing strategy supported by huge partners’ network across India.
Having associated with world’s leading POS brands, Millennium understands the growing demands of retailers better than anyone else irrespective of their size, stature and nature of business, and offers comprehensive, advanced and sustainable solutions to enhance their businesses.
Headquartered in Chennai and having branches all major cities in India, Millennium has a clear vision of empowering millions of unorganized small and medium enterprises spread across the country by automating their transaction activities and make them competitive with established market peers.
As the national distributor of leading multinational POS brands including Epson, Posiflex, Casio, Toshiba, Honeywell, Godex, and Opticon, Millennium offers POS solutions to corporate brands, retail giants and SMEs across India.
For further information, contact:
Content Head & Media Coordinator,
Millennium Soft-Tech (India) Pvt Ltd, G-19,2nd Floor,
Block-16, 2nd Main Road
Ambattur Industrial Estate, Chennai -600 058
Phone: +91-9384612789/ +91-917 666 2020
7‑Eleven announces its ‘W.E. Take the Lead’ Women’s Franchise Giveaway Contest targeting female entrepreneurs
- 7‑Eleven announces its ‘W.E. Take the Lead’ Women’s Franchise Giveaway Contest targeting female entrepreneurs
IRVING, 2018-Mar-08 — /EPR Retail News/ — In conjunction with National Women’s Month, 7‑Eleven, Inc. announces its ‘W.E. Take the Lead’ Women’s Franchise Giveaway Contest, targeted exclusively to female entrepreneurs.
7‑Eleven opened the contest to all eligible women who are interested in becoming an independent business owner with the world’s largest convenience retailer. One deserving woman will be awarded an initial franchise fee-free* 7‑Eleven franchise, for an initial franchise fee value of up to $190,000.
This is the second year 7‑Eleven has targeted women for the franchise giveaway. The multiphase contest include, submitting a detailed franchise application, meeting company franchising qualifications, preliminary interviews, a video submission, an in-store hands-on experience, and a final one-on-one interview with 7‑Eleven senior leadership for the top finalists, all of which will occur over an eight-month period.
“Last year we had such an incredible response and we are excited to open the contest again to women who are interested in joining the 7‑Eleven team,” said Dan Soper, 7‑Eleven Vice President of Operations Support. “7‑Eleven encourages women entrepreneurship everywhere, especially in the neighborhoods in which we operate.”
The winner can choose any of the company’s corporate-operated 7‑Eleven convenience stores available for franchising in the continental U.S. at the contest’s culmination. Interested women can enter online at Franchise.7‑Eleven.com/franchise/we-take-the-lead now through 11:59 p.m. CDT on May 7, 2018. The winner will be announced in October 2018.
In addition, 7‑Eleven will make a donation to the winning woman’s charity of choice that aligns with the 7‑Eleven Project A-Game® grant program. Project A-Game funds youth programs focused on education, fitness, safety and hunger relief.
To qualify, an entrant must be age 21 or older, a legal resident of the U.S., have sufficient financial resources, be able to move, at their own expense, to an area with 7‑Eleven convenience stores available for franchising, have excellent credit and at least three years of leadership, retail or restaurant experience, and meet 7‑Eleven’s new franchisee qualifications. Contestants will go through the same qualification process as all 7‑Eleven franchise applicants including, but not limited to, credit evaluation, background check, a leadership test, business plan development, budget and store location preferences. Please refer to the contest’s Official Rules for a full description of all eligibility requirements for entering the contest.
This year marks the 54th year of franchising for the world’s largest convenience store, and today, Franchisees operate almost 90 percent of the 7‑Eleven stores across the U.S. An interactive map at http://franchise.7‑Eleven.com/franchise/franchises-for-sale indicates stores available for franchising.
*The maximum value of the initial franchise fee will be up to $190,000. The winner will be required to pay any portion of the initial franchise fee for a store they select that is more than $190,000. There are additional fees and expenses that the contest winner will be required to pay as part of franchising a 7‑Eleven convenience store in addition to the initial franchise fee. Please refer to 7‑Eleven’s Franchise Disclosure Document for a full description of all fees and costs associated with acquiring a 7‑Eleven convenience store franchise.
For details and Official Rules, visit Franchise.7‑Eleven.com/franchise/we-take-the-lead .
About 7‑Eleven, Inc.
7‑Eleven, Inc. is the premier name and largest chain in the convenience-retailing industry. Based in Irving, Texas, 7‑Eleven® operates, franchises and/or licenses more than 65,000 stores in 18 countries, including 11,600 in North America. Known for its iconic brands such as Slurpee®, Big Bite® and Big Gulp®, 7‑Eleven has expanded into high-quality salads, side dishes, cut fruit and protein boxes, as well as pizza, chicken wings, cheeseburgers and hot chicken sandwiches. 7‑Eleven offers customers industry-leading private-brand products under the 7-Select® brand including healthy options, decadent treats and everyday favorites, at an outstanding value. Customers also count on 7‑Eleven for bill payments, self-service lockers and other convenient services. Find out more online at www.7‑Eleven.com, via the 7Rewards® customer-loyalty platform on the 7‑Eleven mobile app, or on social media at Facebook, Twitter and Instagram.
Source: 7‑Eleven, Inc.
Sheetz to open new store in Morrisville, NC on Thursday, March 1
Altoona, PA, 2018-Mar-01 — /EPR Retail News/ — Sheetz, one of America’s fastest-growing family-owned and operated convenience retailers for more than 65 years, today (February 26, 2018) announced the upcoming opening of its new store in Morrisville, NC. The opening is scheduled for Thursday, March 1, at the new store located at 390 Davis Dr.
This new location will welcome customers by offering free self-serve coffee and soda for a limited time and will continue to offer Sheetz’s award-winning MTO® menu on its unique touch-screen order terminals where you will be able to order any of Sheetz’s customized specialty drink or food items around the clock.
The grand opening festivities will begin at 10 a.m. with multiple prizes awarded, including the giveaway of a $1,000 Sheetz gift card. No purchase is necessary to win. A Sheetz family member will be present for the grand opening ceremony, set for 10:45 a.m., just before the store’s opening at 11 a.m.
Sheetz is committed to supporting the local communities it serves. During the store’s grand opening ceremony, Sheetz will donate $2,500 to Special Olympics of North Carolina. As a proud supporter of Special Olympics for over 20 years, Sheetz extends its support through financial contributions, product donations and event volunteers.
Sheetz will also donate $2,500 to the Food Bank of Central and Eastern North Carolina, who works to provide hunger relief to more than 630,000 North Carolinians struggling to access nutritious and adequate amounts of food. Customers attending the grand opening are also encouraged to donate a non-perishable food item to the Food Bank of Central and Eastern North Carolina. Participants will receive a Sheetz branded bag, limit one per customer while supplies last from 9 – 11:30 a.m. Through local and national food-assistance programs, Sheetz and Feeding America are able to help people in the local communities that Sheetz serve who struggle with hunger.
Sheetz currently operates 566 store locations across Pennsylvania, North Carolina, Virginia, West Virginia, Ohio and Maryland, with all locations open 24/7, 365 days a year.
About Sheetz, Inc.
Established in 1952 in Altoona, Pennsylvania, Sheetz, Inc. is one of America’s fastest-growing, family-owned and operated convenience store chains, with more than $5.6 billion in revenue and more than 18,200 employees. The company operates more than 565 store locations throughout Pennsylvania, West Virginia, Virginia, Maryland, Ohio and North Carolina. Sheetz provides an award-winning menu of M•T•O® sandwiches and salads, which are ordered through unique touch-screen order point terminals. All Sheetz convenience stores are open 24 hours a day, 365 days a year. Recognized by Fortune as one of the 100 Best Companies to Work For, Best Places to Work for Women, Best Workplaces for Millennials and by Forbes as one of America’s Best Employers, Sheetz is committed to offering employees sustainable careers built on an inspiring culture and community engagement. For more information, visit www.sheetz.com or follow us on Twitter (@sheetz), Facebook (www.facebook.com/sheetz) and Instagram (www.instagram.com/sheetz).
For further information:
Source: Sheetz, Inc.
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