Convenience stores are slow to add EV chargers
October 19, 2022
High electric utility fees are inspiring convenience stores with gas pumps to take their time installing charging stations for electric vehicles. Iowa-based Kim and Go first installed an electric charger at one of its stores in 2008. Today, it only has chargers at 35 of its 400 stores. Jacob Maass, commercial fuels manager at Iowa-based Kum and Go, said the retailer is negotiating with utilities to get costs lowered to the point that it makes sense to install and operate chargers.
Recent News
Home Depot Acquires SRS for $18.25B, Boosting Pro Sales
Home Depot recently announced its acquisition of SRS Distribution for a whopping $18.25 billion. This hefty investment marks the company’s boldest stride yet to seize a larger share of the professional market, particularly targeting contractors and roofers.
GameStop Faces Sales Slump, Implements Job Cuts
GameStop has recently undergone job cuts due to a notable decline in sales, as announced amid its latest financial report.
Subaru Recalls 118K Vehicles Due to Air Bag Sensor Issue
Subaru is recalling 118,000 SUVs and sedans in the United States due to a faulty sensor that might hinder air bag deployment during a crash, as per the National Highway Traffic Safety Administration (NHTSA) announcement on Wednesday.
H&M’s Spring Success Surprises Market
H&M revealed a stronger-than-expected first-quarter performance, triggering a significant surge in its shares by 13%.