Tobacco Update - Featuring Nik Modi and Joe Teller 11-11-15
It had become a mantra—cigarette sales will decline each year by 3% to 4%.
But something has happened in 2015. Instead of declining or perhaps staying flat, cigarette sales are growing.
Is this just a blip or are we seeing a reversal in fortunes for the industry’s single largest category?
In our 2ndTobacco Update webinar of the year, RBC Capital Markets | Equity Research tobacco analyst Nik Modi will offer his thoughts into the cigarette business and how convenience operators should respond.
Don’t Pay That Fuel Invoice…Until You Confirm the Accuracy of Fuel, Freight and Taxes
The complexity of fuel contracts, price volatility, and tax changes make it difficult to create a fully accurate bulk fuel invoice. Because of this, fuel supplier invoices are often wrong—and sometimes very wrong. Across the industry, bulk fuel invoices with errors of $15 or greater occur roughly 25% of the time, and it is not uncommon to see error rates as high as 55%.
Turning Increased Fuel Demand Into Increased Fuel Profit
In 2014 and for much of the current year, the convenience-store industry has enjoyed unparalleled profits at the pump. While this is reason to rejoice, we know all too well that prices and profits are fickle—and that 25-cent per-gallon margins can turn on a dime.
What is long-lasting is how you manage your inventory supplies, ordering and forecourt strategy. Veeder-Root and CSP will host a one-hour webinar on July 30, 2015 that will explore new strategies on how you can grow your margins and volumes. Attendees will learn:
Today’s on-the-go lifestyle means that convenience, portability and saving time are all top of mind for consumers during the morning daypart. For operators, meeting these consumer needs is crucial for success in today’s competitive market. But with quick-service restaurants leading the breakfast charge, how can non-commercial operators and retailers effectively compete for a bigger share of consumers’ morning dollars?
Tobacco Update - Featuring Nik Modi and Joe Teller 051415
Are you still trying to figure how best to manage your tobacco category?
You're not alone. The Rise and subsequent deceleration of the vapor/e-cig segment has prompted many retailers to explore growth opportunities in cigarettes, cigars and smokeless, while still investing in the nascent electronic segment.
But where are the opportunities? And what are the regulatory clouds starting to surface across local and state legislatures?
Tobacco Update - Featuring Nik Modi and Joe Teller 121014
Not even a year ago, we talked about the surge of electronic cigarettes.
It's amazing what can change in less than 12 months. Sales of e-cigs have flattened, seemingly replaced by the rapidly expanding world of e-vapors. The FDA has issued its deeming regulations on the other tobacco product segment, including cigars and e-products.
The True Cost of Crime: Can Your Business Return To Normal?
It’s an unspoken yet unmistakable truth: C-Stores are a top target for crime.
According to the FBI’s Uniform Crime Report, convenience stores and gas stations incurred nearly 22,000 robberies in 2010-2011, and tragically, some ended with tragic outcomes.
C-stores are high targets for violent crimes and for understandable reasons. We are in virtually every neighborhood, are often 24-7, remain a cash-heavy business, and often have no more than 1 or 2 workers on a shift, especially at night.