11.11.10
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Tuesday, August 10, 2010
SMILE REFRESHER @ KELAB DARUL EHSAN 4/8/10
Saturday, July 17, 2010
Wednesday, June 23, 2010
Monday, May 31, 2010
Thursday, May 27, 2010
7-Eleven Australia Buys Exxon Mobil Filling Stations
Thursday May 27, 2010
Bloomberg
7-Eleven Australia Buys Exxon Mobil Filling Stations -By Ben Sharples
May 27 (Bloomberg) -- 7-Eleven Stores Pty Ltd., a closely held convenience store operator, agreed to buy 295 Australian gasoline filling stations from Exxon Mobil Corp., elevating the company to the nation’s largest independent fuel retailer.
Completion of the sale is expected to take several months, Exxon Mobil’s Australian unit said in a statement. The purchase isn’t subject to approval from the Australian Competition and Consumer Commission, Melbourne-based 7-Eleven said in a separate statement. Neither company gave a value for the transaction.
Caltex Australia Ltd., the nation’s biggest oil refiner, last month scrapped plans to buy 302 filling stations from Irvin, Texas-based Exxon Mobil for A$300 million ($247 million) after the Australian Competition and Consumer Commission opposed the transaction on concerns it would lead to higher prices. The acquisition will give 7-Eleven “just under” 10 percent of the retail fuels market, Spokeswoman Tracy Hammon said by phone.
“This deal with Mobil will build on 7-Eleven’s position as the leader in the convenience retailing industry in Australia, taking the number of 7-Eleven stores from 400 to more than 650,” Chairman Russell Withers said in an e-mailed statement. On completion, the group is expected to become the third-largest private company operating in the country, 7-Eleven said.
Rebecca Arnold, a spokeswoman in Melbourne for the Texas- based Exxon Mobil, and 7-Eleven’s Hammon, declined to provide a value for the transaction when contacted by telephone today.
Fuel Market
Independent retailers, which purchase fuel from local refiner-marketers and sell it through their company-owned sites, represented about 9 percent of the market at June 30, 2009, according to Australian Competition and Consumer Commission. 7- Eleven had about 200 filling stations prior to the Exxon Mobil transaction, Hammon said.
Exxon Mobil had an 11 percent share compared with the 16 percent outright share of Caltex and 23 percent it holds through a venture with Woolworths Ltd., the regulator said.
“Mobil is now a relatively small participant in that sector of the market following the extensive rationalization of its company owned” filling station network, Fuels Director Kim MacMillan said in the statement. “We continue to be a major fuel wholesaler to the commercial and industrial sectors.”
7-Eleven’s acquisition of the filling stations will create a merged entity with projected sales of more than A$2.84 billion, the company said. It expects sales to exceed A$1.4 billion in the 2010 financial year. The Australian 7-Eleven is closely held by the Withers and Barlow families which brought the brand to Australia in 1976 through a license agreement with the U.S. company, then known as Southland Corp., the company said on its website.
--Editors: Ang Bee Lin, Ryan Woo.
To contact the reporter on this story: Ben Sharples in Melbourne at bsharples@bloomberg.net
To contact the editor responsible for this story: Jane Lee in Kuala Lumpur at jalee@bloomberg.net
Bloomberg
7-Eleven Australia Buys Exxon Mobil Filling Stations -By Ben Sharples
May 27 (Bloomberg) -- 7-Eleven Stores Pty Ltd., a closely held convenience store operator, agreed to buy 295 Australian gasoline filling stations from Exxon Mobil Corp., elevating the company to the nation’s largest independent fuel retailer.
Completion of the sale is expected to take several months, Exxon Mobil’s Australian unit said in a statement. The purchase isn’t subject to approval from the Australian Competition and Consumer Commission, Melbourne-based 7-Eleven said in a separate statement. Neither company gave a value for the transaction.
Caltex Australia Ltd., the nation’s biggest oil refiner, last month scrapped plans to buy 302 filling stations from Irvin, Texas-based Exxon Mobil for A$300 million ($247 million) after the Australian Competition and Consumer Commission opposed the transaction on concerns it would lead to higher prices. The acquisition will give 7-Eleven “just under” 10 percent of the retail fuels market, Spokeswoman Tracy Hammon said by phone.
“This deal with Mobil will build on 7-Eleven’s position as the leader in the convenience retailing industry in Australia, taking the number of 7-Eleven stores from 400 to more than 650,” Chairman Russell Withers said in an e-mailed statement. On completion, the group is expected to become the third-largest private company operating in the country, 7-Eleven said.
Rebecca Arnold, a spokeswoman in Melbourne for the Texas- based Exxon Mobil, and 7-Eleven’s Hammon, declined to provide a value for the transaction when contacted by telephone today.
Fuel Market
Independent retailers, which purchase fuel from local refiner-marketers and sell it through their company-owned sites, represented about 9 percent of the market at June 30, 2009, according to Australian Competition and Consumer Commission. 7- Eleven had about 200 filling stations prior to the Exxon Mobil transaction, Hammon said.
Exxon Mobil had an 11 percent share compared with the 16 percent outright share of Caltex and 23 percent it holds through a venture with Woolworths Ltd., the regulator said.
“Mobil is now a relatively small participant in that sector of the market following the extensive rationalization of its company owned” filling station network, Fuels Director Kim MacMillan said in the statement. “We continue to be a major fuel wholesaler to the commercial and industrial sectors.”
7-Eleven’s acquisition of the filling stations will create a merged entity with projected sales of more than A$2.84 billion, the company said. It expects sales to exceed A$1.4 billion in the 2010 financial year. The Australian 7-Eleven is closely held by the Withers and Barlow families which brought the brand to Australia in 1976 through a license agreement with the U.S. company, then known as Southland Corp., the company said on its website.
--Editors: Ang Bee Lin, Ryan Woo.
To contact the reporter on this story: Ben Sharples in Melbourne at bsharples@bloomberg.net
To contact the editor responsible for this story: Jane Lee in Kuala Lumpur at jalee@bloomberg.net
Friday, May 14, 2010
Wednesday, May 12, 2010
Video Games
Video games may spell ‘opportunity’ for C-store operators
Can convenience-store operators profit by selling video games?
7-Eleven Inc. evidently has decided it can be done. The convenience store company has struck a deal with Game Trading Technologies, Inc. (GTT) to offer used, refurbished games as “Great Games Below $20” in more than 3,000 stores, which represents half of the U.S. stores operated and franchised by 7-Eleven.
"What this means to consumers is that they will have many convenient locations, most open 24/7, to buy value-priced video games," said Todd Hays, president and CEO of Game Trading Technologies, Inc., Hunt Valley, Maryland. Hays said his hope is that the offering will be expanded to most 7-Eleven stores in the U.S. by September. Details of the partnership were provided in a press release issued April 19 by GTT.
Market data show that “physical format” games are the most popular with consumers. For example, according to The NPD Group, a market research firm, 90 percent of all paid console video game acquisitions in the third quarter of 2009 were in the physical format. Further, 79 percent of games acquired for all other platforms (including portable, PC/MAC, mobile and smartphones) during that quarter were in the physical format, NPD said. Physical format acquisitions include new and used game sales, physical add-ons (including song packs) as well as rentals.
That said, an NPD researcher noted potential for change in the market."While physical retail product remains the driving force behind industry sales, the role of digital distribution in the games ecosystem continues to climb," said Anita Frazier, industry analyst with The NPD Group. "Publishers and retailers must keep an eye on the current state of the marketplace and must map ahead for future strategies."
In the 7-Eleven venture, each participating store is to receive a corrugated display with a mixture of games representing various platforms and price points, all at $19.99 or below. GTT is to provide regular replenishment to ensure that stores remain well-stocked with a broad selection of games at value prices.
GTT was founded in 2003. The company said it has built a proprietary game-trading database designed to update values on more than 10,000 video games and consoles on a daily basis according to market conditions.
Michael Jester, 7-Eleven category manager for gaming and electronics, said, “We partnered with GTT because of their experience and expertise as a third-party provider of video games and the terrific selection they'll offer to our customers. More than 60 percent of U.S. households now have at least one video game console, and consumers are searching for convenient ways to stretch their entertainment dollar in this challenging economy.”
Can convenience-store operators profit by selling video games?
7-Eleven Inc. evidently has decided it can be done. The convenience store company has struck a deal with Game Trading Technologies, Inc. (GTT) to offer used, refurbished games as “Great Games Below $20” in more than 3,000 stores, which represents half of the U.S. stores operated and franchised by 7-Eleven.
"What this means to consumers is that they will have many convenient locations, most open 24/7, to buy value-priced video games," said Todd Hays, president and CEO of Game Trading Technologies, Inc., Hunt Valley, Maryland. Hays said his hope is that the offering will be expanded to most 7-Eleven stores in the U.S. by September. Details of the partnership were provided in a press release issued April 19 by GTT.
Market data show that “physical format” games are the most popular with consumers. For example, according to The NPD Group, a market research firm, 90 percent of all paid console video game acquisitions in the third quarter of 2009 were in the physical format. Further, 79 percent of games acquired for all other platforms (including portable, PC/MAC, mobile and smartphones) during that quarter were in the physical format, NPD said. Physical format acquisitions include new and used game sales, physical add-ons (including song packs) as well as rentals.
That said, an NPD researcher noted potential for change in the market."While physical retail product remains the driving force behind industry sales, the role of digital distribution in the games ecosystem continues to climb," said Anita Frazier, industry analyst with The NPD Group. "Publishers and retailers must keep an eye on the current state of the marketplace and must map ahead for future strategies."
In the 7-Eleven venture, each participating store is to receive a corrugated display with a mixture of games representing various platforms and price points, all at $19.99 or below. GTT is to provide regular replenishment to ensure that stores remain well-stocked with a broad selection of games at value prices.
GTT was founded in 2003. The company said it has built a proprietary game-trading database designed to update values on more than 10,000 video games and consoles on a daily basis according to market conditions.
Michael Jester, 7-Eleven category manager for gaming and electronics, said, “We partnered with GTT because of their experience and expertise as a third-party provider of video games and the terrific selection they'll offer to our customers. More than 60 percent of U.S. households now have at least one video game console, and consumers are searching for convenient ways to stretch their entertainment dollar in this challenging economy.”
Wednesday, May 5, 2010
C-store Survey
What is the biggest challenge you face in managing your store?
And here is what the survey told us:
29.4% of you said Sales Performance
21.5% said it was Hiring Quality Staff
14.0% said Motivating Staff
10.6% said Being Organized
10.5% said Communicating Effectively
7.6% said Visual Merchandising
6.4% said Scheduling for Productivity
And here is what the survey told us:
29.4% of you said Sales Performance
21.5% said it was Hiring Quality Staff
14.0% said Motivating Staff
10.6% said Being Organized
10.5% said Communicating Effectively
7.6% said Visual Merchandising
6.4% said Scheduling for Productivity
Sunday, February 14, 2010
Thursday, February 11, 2010
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