Retail therapy at the petrol pumps
Article Abstract:
United Kingdom service stations are becoming important players in the convenience retailing market, selling food and sometimes alcohol as well as gasoline, candy and cigarettes. The service station convenience market was estimated to be worth 3.1 billion pounds sterling in 1997 and could grow by 12% annually, according to Williams de Broe. Safeway and Tesco are two supermarkets moving into this activity, and petroleum companies such as British Petroleum and Kuwait Petroleum are also expanding their convenience stores.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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Retail optimism
Article Abstract:
Riva, a retail systems supplier, saw its shares fall following its recent profit warning, although its main business of electronic point of sales systems (EPOS) is still performing well. The problems concern its loss making overseas subsidiaries, and the company has announced the closure of its Swiss business, and plans to withdraw from Denmark and Spain. 1998 profit was about 700,000 pounds sterling, before costs linked to the Spanish and Danish closures, and profit is expected to increase to 2.5 million in 1999.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1999
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