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Featured
Articles

NPN - National Petroleum News
CSP - Convenience Store/Petroleum
NYCU - News You Can Use (ConocoPhillips)
Click on the
link to view the article.
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Station
Transformation and Makeovers (NYCU-October
2008)
It's intriguing to watch "extreme makeover"
type TV shows and view dramatic "before" and
"after" photos of people, places, and
spaces. These programs are hits because interest
soars as the transformational process breathes new
life into "before" images...Many golden
opportunities await convenience store owners as worn
out facilities rebuild, remodel, and become the
existing new "makeover" in their
marketplace.
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Finding
the Formula for Success
(NYCU-September 2008)
Decisions to raze,
rebuild, remodel, expand, or create new profit centers
(car wash, QSR, etc) become high potential
opportunities with market appropriate information and
resulting sales and fuel volume forecasts.
Merchandise offerings and service mix fulfill the
needs of the specific market segments and customer
elements. This is the direct route to bottom
line results versus the shotgun approach.
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Flexibility
Matters Most (CSP-July 2008)
As a retailer, how
do you respond to the community when you learn that it
is about to be the beneficiary of a $6-billion
energy-related contract? Not a possibility, a
fact! Framed another way, are you ready and able
to adapt to changes in your marketplace, whether it
means creating an entirely new offer or subtracting
from what you're already doing?
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To
'Supersize' or Not (CSP-March 2008)
At the end of the 20th
century, the term "supersize" became part of
our vocabulary. It was created by the fastfood
industry in the ongoing "burger wars" that
had begun when fastfood companies looked to lift flat
revenues without having to address the industry's
deeper problem...
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Some
Changes, Good and Sad (NPN-December 2007)
On a more sentimental
note, this is the last issue in which Jim Fisher, CEO
of the retail site analysis, market analysis and
screening, and retail sales forecasting modeling
colutancy, IMST Corp., provides us with our "Last
Word" column.
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Blink:
Don't Blink (NPN-December 2007)
This article serves as
Jim's last "The Last Word." Many
events have occurred in the space of time this column
has been written. It has been the formation of a
bridge between all of us as to what matters in this
industry, in our companies and in our lives. I
hope this very last page of this magazine continues to
bring you enjoyment each and every month it is
published....
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Nurturing
the Goose... (NPN-November 2007)
In our industry there
are two types of retail facilities: the nurtured and
the neglected. A total of 80 percent of
respondents do not reinvest (nurture) in the
properties to any significant level for at least six
years after a store is opened; whereas virtually every
retail indicator suggests that retail operations must
be refreshed and updated at least every two years.
Nurture the Goose...don't smash the egg.
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Invisibility
(NPN-October 2007)
It is with the idea of
"The Invisible Man" that I began a little
experiment approximately two years ago: if I'm not
acknowledged within two minutes from the time of being
seated, then I simply get up and leave the restaurant.
All of this has been based upon the restaurant segment
of the retail industry, but this can be transferred
into our industry as well. Just how are we
building great customer experiences if the simple act
of recognition and appreciation for stopping and
spending time with up cannot be accomplished?
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Yard
Sale (NPN-September 2007)
Accumulation exists
within all areas of our personal and business lives.
Each of us can probably identify where in our personal
lives it might exist. However, we must address
asset accumulation within our companies -
specifically, retail asset accumulation and its
overall impact on our company. That's not to say
we must conduct a yard sale of our retail facilities,
but we must be constantly vigilant as to what forces
are evolving in each marketplace our facilities exist.
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Localization,
Not Globalization (CSP-August 2007)
It is the smaller
market that has been abandoned in past decades in
terms of new-format introduction. This fact is
now becoming acutely apparent to visionary retailers
within this industry. If our industry
continuously focuses on what the requirements are in
Birmingham and how to best serve its needs, we will
not have to be concerned about Brussels. Then,
and only then, are we as an industry being true to
those we are entrusted to serve.
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Some
Would Say That Familiar Icons Were Not Retailers
(NPN-August 2007)
The famous "three
wise monkeys" can be re-named "Stop, Look,
and Listen." In the retail industry, we
must "Stop" before we speak,
"Look" for the details to improve customer
service, and "listen" to the daily hustle
and a bustle of activity. It's o.k. to make a
monkey out of yourself every once in a while.
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