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Convenience Retailing Headlines

USA: NACS Rejects Card Settlement

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The National Association of Convenience Stores (NACS) has rejected a settlement that would have ended a long battle being fought by the convenience representative and credit card providers Master Card and Visa. NACS says it rejected the settlement because it does not provide for competition or transparency in the swipe card market.

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USA: 7-Eleven Midway Through Wilson Farms Conversion

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7-Eleven is at the mid-point of converting the Wilson Farms stores it bought last year to its own brand, but has allowed the New York chain to keep its grocery-based focus in order to maintain a familiar feel, it said. In all, 7-Eleven is converting 188 stores to its own brand, but says it is important to keep hold if the stores' traditional customer base.

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Canada: Couche-Tard Considering Acquiring US Firm

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Alimentation Couche-Tard has said that it is considering a move for a United States-based convenience store operator, but that the purchase must be for less than 100 stores. Counche-Tard said that after the completion of the Statoil Fuel & Retail, a move for a company any larger could adversely affect its credit rating. The company's Chief Executive, Alain Bouchard (pictured), made the comments during its earnings conference call.

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