Year in Review: Top Legislative & Regulatory Happenings of 2020
NATIONAL REPORT Backbar regulation was the talk of the town in 2020. This year, the Food and Drug Administration (FDA) made lots of headlines around tobacco and vapor issues notably, the extension of the premarket tobacco application (PMTA) deadline, and the agency’s postponement of new cigarette warning labels and graphics to Oct. 16, 2021.
Convenience store retailers also complied with Federal Trade Commission (FTC) rulings by divesting assets to satisfy antitrust concerns.
Here are the top 10 legislative and regulatory headlines of the year, as reported by
Convenience Store News Online:
Molson Coors Beverage Co. is teaming with next-generation beverage company L.A. Libations to launch a new slate of non-alcoholic drinks as part of its efforts to expand beyond the beer aisle and reach more consumers in search of better-for-you beverages. The rollout is part of the company s intention to leverage the competitive strengths of its foundation in beer to grow in new spaces.
Drug Store Products acquired Mechanical Servants LLC, which does business as Convenience Valet, to combine the resources of two point-of-need consumer products companies. By combining our strengths, we can better reach the millions of consumers who look for immediate solutions for health and well-being at the point of need when traveling, said Steve Jungmann, president and CEO of Convenience Valet.
Year in Review: Top Retailer News of 2020
NATIONAL REPORT The COVID-19 pandemic may have marred every aspect of convenience store retailers businesses in 2020, but that didn t prevent operators from focusing on operational growth, taking steps to expand their footprints, introducing forward-thinking prototypes, enhancing their in-store offers, implementing new services, and ushering in change with new executives.
These are the top retailer news headlines of 2020 in the convenience channel, as reported by
Convenience Store News Online:
Senior News Editor
NATIONAL REPORT Much of retailers focus in 2020 centered around the health and safety of their associates as well as their customers, but despite a brief pause in the spring, consolidation continued to forge a path through the convenience channel.
The most notable deal involved Marathon Petroleum Corp. agreeing to sell its Speedway LLC network to powerhouse 7-Eleven Inc. for $21 billion. Though others did not carry such price tags, merger and acquisition activity proved that the channel is still an attractive area to do business.
These are the top 10 M&A headlines of 2020, as reported by
Convenience Store News Online: