Pent-up travel demand and expected economic recovery from the COVID-19 pandemic has forecasters calling for rising fuel prices over the next two years.
*Disclaimer: This article is not intended to serve as legal advice or to support or oppose COVID-19 related lawsuits.
Millions of Americans have seen their lives and businesses upended by the COVID-19 pandemic. The disruption includes shelter-in-place orders, social distancing, and an unemployment rate that is currently clawing its way back to pre-pandemic numbers. At the same time, employers across the country are facing a wave of lawsuits by employees claiming they contracted COVID-19 because of gross negligence. This trend has led lawmakers to propose legislation that would provide businesses liability protections during the pandemic.
It feels like it has been years since March when many Americans — except for essential workers and businesses, including convenience stores — were ordered to stay at home to slow the spread of COVID-19.
Fuel drives our economies. It powers the delivery trucks that keep our convenience stores stocked, generates some of our electricity and most importantly keeps our cars going. While most of the regular citizen fuel consumption in the past was in cars when commuting to work, the past few years have seen a dramatic shift into more recreational vehicle fuel consumption as more people hit the road for endless road trips.
American convenience store operators have seen a drop in fuel demand before. They have also seen fuel oversupply. Just never at the same time.
In the realm of normal analytics this simply should not happen, but the combination of a screeching halt to U.S. travel due to the coronavirus pandemic, plus the oil price war between Saudi Arabia and Russia has produced a double whammy at the pump.
Advertising changes as technology changes. Instead of using some form of paper advertising or banner in your storefront, you can now use electronic profit boards. Thanks to technology, electronic profit boards can be used for advertising, and best of all, the message or image they display can be frequently changed. Here are a few of the frequently asked questions you may have about electronic profit boards.
To Our Customers,
PWM Electronic Price Signs is Stocked and Ready for Your Business.
During these uncertain and challenging times, it is important that we all work together to make the best of a trying situation. As people around the world are struggling with how to stay safe while maintaining their daily needs, we are banding together to determine how best to respond.
f you’re reading this article, chances are you have an entrepreneurial spirit and are interested in learning what it takes to open and operate a convenience store. Well, you’re in luck!
According to the U.S. Department of Transportation, there are over 272 million registered vehicles on roadways each day. Convenience stores provide the motoring public a place to refuel their vehicles and bodies when tank gauges get low, cravings for a sweet treat kick-in, or when mother nature calls. With the right location, inventory, merchandise, branding, and pricing, a convenience store can often be a lucrative business.
As the EMV — short for Europay, Mastercard, and Visa — liability shift deadline at the fuel dispenser looms, retailers from across the U.S. have been scrambling to make the best decision for their business and customers. Safeguarding payments at the pump can be a complicated and costly task, especially considering there are billions of transactions processed by over 160,000 convenience stores in the U.S. each year.
Convenience stores in Texas are regulated by over 25 state and federal agencies. These regulations ensure the business operates at a high standard and protects consumers from bad actors.
Due to the complexities and often immediate needs involved in owning, operating, and maintaining a convenience store, the vendors you select can have a major impact on the profitability of a business. So, what should convenience stores consider when it comes to selecting not just a vendor, but a business partner? While there is no one size fits all formula, here are a few key factors to look for the next time you go out to bid for your next project.