Valerologo

Valero To Acquire 29 Crackerbox Stores

“These stores are great assets and will complement our existing Corner Store network,” says CEO of Valero Retail. Valero Retail Holdings, a subsidiary of Valero Energy Corp., is purchasing 29 stores in the Little Rock and Hot Springs, Ark. areas from The Crackerbox Stores and converting them to Valero Corner Stores in the coming months.

RottenRobbie

Robinson Takes the Helm at NACS

Incoming chairman promotes advocacy as he prepares to battle swipe fees, fuel standards and tobacco regulations in the year ahead. By John Lofstock, Editor. Renowned author and business strategist Tom Peter once said, “Leaders don’t create followers, they create more leaders.” When it comes to the challenges facing the convenience store and petroleum industry over

mike_handelsman

How to Boost the Value of Your Convenience Store

By Mike Handelsman, group general manager, BizBuySell.com and BizQuest.com. There’s no arguing that banks, potential investors and creditors look heavily to a company’s financial statements to determine its value. However, past financials often aren’t the whole story. Here are some additional factors to consider as you seek to maximize your company’s value – whether you

tesorologo

Tesoro Acquires 290 Locations

As Supervalu divests stores, Tesoro plans to buy 51 Albertson’s Fuel Express stations, in addition to leasing 241 sites from Thrifty Oil Co. Tesoro Corp. is set to grow its fleet of retail stores by 25% with the acquisition of about 290 locations from Supervalu Inc. and Thrifty Oil Co. “The combined purchase and lease

ConocoPhillips

ConocoPhillips Spinoff Details Emerge

As ConocoPhillips splits, it reveals which assets are set to be part of its new exploration-and-production company. ConocoPhillips plans to complete the spinoff of its refining company in the second quarter of 2012, providing stockholders with one share in the new refining entity for every two shares they currently own, the Wall Street Journal reported.

Flying J Files Reorganization Plan

Ogden, Utah-based Flying J Inc., which filed for bankruptcy in December 2008, has filed a plan of reorganization through which it would repay all senior creditors by divesting most of its assets, including its travel center and trucking operations, Reuters reported. Flying J filed for bankruptcy due to a drop in oil prices and tighter

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