Kansas State University program helps small, local communities survive. When a small town loses its grocery store, it loses not just an economic driver, but a bit of its identity, too. “If your store closes, that says bad things about your town and the direction it’s headed,” said David Procter, director of the Center for [...]
Canadian company looking to take advantage of dissolving MSO program. Alimentation Couche-Tard expressed its desire to expand further into the U.S. market making a bid for some of the 2,000 stations Shell plans to sell in the coming years. “We are always interested in any asset that can become available in the U.S. that can [...]
Expansions and redesigns announced for new locations. Giant Oil has unveiled plans to acquire all 32 company-owned BP service stations in the Dayton, Ohio. market by the end of the year, according to the South Florida Business Journal. Tampa-based Giant Oil Inc.–which owns gas stations and convenience stores in Florida and Ohio as well as [...]
Deal increases company-owned store count to 500, expands geographic footprint into West Texas and Eastern New Mexico. The industry’s merger and acquisition activity continued today in a big way as Susser Holdings Corp., the Corpus Christi, Texas operator and fuel supplier said it has signed a definitive agreement to acquire San Angelo, Texas-based Town & [...]
Chain explores the moving into Maryland to avoid taxes. Scott Hartman, president, told the York Dispatch of the plan to open about 10 new or expanded stores in 2008. The year after that, the 51-store chain will be looking toward the northern Maryland market. “We’ve had several good years here, and we hope to have [...]
Chain celebrates the grand opening of a new store. QuickChek, the privately owned, family-operated chain of more than 100 c-stores in New Jersey and Southern New York, will be celebrating the grand opening of its newest location in Hampton Township, N.J. The new 3,800-sq. ft. store will open to the public Sept. 25 following a [...]
Third-party called in for ongoing lawsuits. A judge this morning appointed a third-party receiver to handle Ameristop’s affairs after Cincinnati-based venture capital fund suing the convenience-store chain for failure to pay in a stock deal asked for the move. Ameristop has recently been making headlines for running out of gasoline supply as well as Coca-Cola [...]
Company puts 34 sites in Ohio up for auction. BP has retained NRC Realty Advisors, LLC (NRC) to coordinate the sale of 34 sites located throughout Columbus, Cleveland and Cincinnati, Ohio marketing areas. Of the 34 sites, 17 are BP-branded gasoline stations of which two are closed and can also be offered for redevelopment for [...]
Oppenheimer Funds increases holding in the company to 10.21% The Pantry Inc.’s major shareholder, Oppenheimer Funds, has upped its holding in the chain from 5.94% to 10.21%, according to a U.S. Securities and Exchange Commission (SEC) filing. According to Yahoo! Finance, the move makes Oppenheimer the single largest shareholder in Sanford, N.C.-based chain, which has [...]
Alimentation Couche-Tard Inc. revealed that it will slow expansion in the U.S. this year by buying only 200 to 300 stores, but annual revenue will exceed $14 billion U.S., according to the Montreal Gazette. “We’ll ease up from last year’s torrid pace, but fill gaps in our regional coverage, continue to raise efficiency and add [...]
New acquisition brings store count closer to the 100-unit mark. Road Ranger LLC has recently completed the acquisition of seven c-store and travel centers from four separate companies. Three stores from Dubuque, Iowa-based Dubuque Discount Gas were acquired earlier this month, and last month the company acquired a single store from Okawville, Ill.-based Karko LLC. [...]
CPD acquires 18 stores and the supply agreements for 53 independent sites. Motiva Enterprises LLC, marketer of Shell-branded gasoline in the Eastern U.S., reached a deal to sell 18 gas stations and convenience stores in Connecticut to CPD Parent Properties LLC, a subsidiary of Chestnut Petroleum Distributors Inc., a New Paltz, N.Y.-based wholesaler and distributor. [...]
Marketers offered lower processing rates through Sept. 30. ConocoPhillips said its temporary credit card processing fee reduction on all Visa, MasterCard, Discover and American Express transactions has been extended through Sept. 30. The oil company, which first announced the fee reduction on May 3, said the extension is aimed at helping its marketers compete more [...]
GE Money and FleetCor to consumer and commercial cards. Chevron U.S.A. Inc. and Chevron Credit Bank, N.A., announced today that it has reached agreements to sell its consumer and commercial credit card businesses. Chevron has selected GE Money Bank, N.A. to own and operate its Chevron- and Texaco-branded consumer credit cards, and FleetCor Technologies Operating [...]
Touting its dual branding strategy and ExtraMile convenience store concept, retailers offered concessions on gift cards and credit processing. by John Lofstock, Editor Chevron Corp.’s North American Marketing Convention, which wrapped up in Denver on Saturday, gave Chevron and Texaco operators plenty to be excited about. In addition to announcing it’s dual branded fuel strategy [...]