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Gas Prices Affect Consumer Choices
Substantial percentages of US consumers are altering behavioral and spending choices in response to high gas prices, according to a recent Nielsen Company survey.
Price, Incentives Draw Gas ConsumersIn one intuitive response, Nielsen data indicates that nearly half (45%) of US households are diligently seeking lower gas prices. In addition, some consumers buy gas at locations because of...
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Self-serve Regular Gas Price Slightly Drops in July – Update
The average price for a gallon of self-serve regular gasoline has edged down 0.4% since June 2010, according to the American Automobile Association (AAA) Fuel Gauge Report.
As of July 30, 2010, the average price for a gallon of self-service regular gas in the U.S. was $2.74 (all price estimates are rounded up to the nearest whole penny), a 0.4% decrease from $2.75 one month ago. The price has...
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Few Consumers See Travel Value Rising
In one bad sign for the summer travel season, relatively few consumers think the value in major travel categories rose between 2009 and 2010, according to a recent survey from Compete.
One in Five Thinks Hotels, Cruises Gaining Value
In their assessment of “value,” Compete asked survey respondents to consider factors including price and amenities in four major travel categories:...
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Summer Travel Plans on the Rise
An increasing number of consumers plan to engage in leisure travel this Memorial Day weekend and summer, according to a new survey from Deloitte.
Consumers Remember Memorial Day Travel OptionAlmost one-third of respondents to the Deloitte survey (31%) said they will take a trip this Memorial Day long weekend (May 29-31, 2010). That is up from 24% who said they would travel for Memorial Day...
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Americans Make Vacation Plans
Summer travel is a priority for the majority of Americans despite the economic downturn, according to the May 2010 American Express Spending & Saving Tracker.
More than Half of US Plans Summer GetawayMore than half (51%) of the general US population is planning a vacation this summer. Affluents (73%) and young professionals (83%) are even more likely to take a vacation. Those surveyed plan to...
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‘The Daily Wrap:’ Supervalu, Neiman Marcus, Best Buy
Supervalu Q4 Net Sales Drop
Supermarket retailer Supervalu reported net sales of $7.2 billion in Q4 fiscal 2010, down 15% from $8.5 billion in Q4 fiscal 2009. Unadjusted quarterly net earnings were $97 million. Source: Supervalu
Neiman Marcus Plans Discount Banner
Luxury department store retailer Neiman Marcus is planning to open a stand-alone discount outlet concept store as part of its Last...
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Quiznos Launches Franchise Quest
Fast food sandwich chain Quiznos is launching an aggressive franchise expansion plan centered on convenience stores and gas stations. According to the Wall Street Journal, Quiznos seeks to increase the number of mini-stores it operates in these locations from the current 175 to 700 by 2012.
Quiznos, which currently operates about 4,000 total restaurants in the U.S., also plans to add about 525...
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AutoZone has Decent Quarter, Good Year
Auto parts retailer AutoZone, Inc. released fourth quarter and fiscal year 2009 financial results that were generally encouraging, especially for the complete fiscal year. Selected highlights and analysis follow.
Quarterly Sales Rise, Income FallsFor Q4 2009 (ended August 29, 2009), AutoZone reported net sales of $2.23 billion, a 1% increase from $2.21 billion in Q4 2008. Domestic same store...
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Citgo Gas Stations Go Online
Petroleum supplier Citgo Petroleum Corp. is providing a web page for all of its approximately 7,000 owner-operated U.S. retail locations.
According to Convenience Store News, operators are able to customize their sites to match specific products and services offered at an individual store. Sites can also promote prices, special offers, store hours, community and charity projects, and employment...
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Costco Cools Off ‘Hot Fuel’ Lawsuit
Discount club retailer Costco has agreed to settle a lawsuit regarding the temperature of gasoline in its fuel pumps. The class action lawsuit, brought by non-profit group Consumer Watchdog, alleged Costco was selling consumers less fuel than they paid for when gasoline temperature inside its fuel pumps rose above 60 degrees Fahrenheit.
According to Consumer Watchdog, when the temperature of...
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