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Susser Releases Pricing For Wellspring’s Secondary Offering Of Common Stock

Susser prices approximately 5 million shares of its common stock. Susser Holdings Corp. announced it has priced a public secondary offering by affiliates of Wellspring Capital Management of 5 million shares of Susser common stock at a price of $36 per share. Wellspring has granted the underwriters a 30-day option to purchase an additional 750,000

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Susser Pursues Master Limited Partnership IPO Of Wholesale Fuel Business

“We believe this transaction will allow us to de-lever the convenience store portion of our business, reduce our cost of capital and further diversify our access to capital to fund our growth strategy,” says Susser CEO. Susser Holdings Corp.’s Board of Directors has approved the filing of a registration statement to effect an initial public

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E-Tobacco Shows No Signs of Slowing

Although the electronic cigarette category in the U.S. is barely five years old, a dizzying number of brands are vying for the attention of retailers—and more are entering the fray just about every day. By Marilyn Odesser-Torpey, Associate Editor In a report released in May, UBS Investment Research likened the chaotic e-cigarette category to the e-commerce

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Stripes Convenience Stores Adds Xenergy Drinks

Four flavors of the sugar-free, zero calorie energy drinks to hit store shelves in south Texas. Stripes Convenience Stores and XYIENCE Xenergy have partnered, giving the energy drink a greater presence in south Texas and adding to Stripes’ energy assortment. Stripes plans to carry up to four flavors of the sugar-free, zero calorie energy drinks,

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Beer Bounces Back

It’s always nice when a general statistical look at an industry can be confirmed locally, and that is the case with convenience store beer sales as 2011 closes. The Beer Institute confirms that the convenience channel is one of the most important for beer. The category accounts for 30% of total U.S. industry volume. A

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Susser Holdings to Present at 2012 Consumer Conference

The presentation will be available via Webcast on the Susser’s Website. Susser Holdings Corp. has announced that Sam Susser, president and CEO, will present at the Bank of America Merrill Lynch 2012 Consumer Conference on Wed., March 7, in New York City. The presentation, which will begin at 3:10 p.m. ET, will be available live

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Susser Holdings Announces Q4 Results

During the fourth quarter of 2011, Susser Holdings opened six new large-format convenience stores. Corpus Christi, Texas-based Susser Holdings Corp. has set up an earnings conference call for 11 a.m. EST on Feb. 22 to discuss its fourth quarter results. The company expects to report same-store merchandise sales growth for the fourth quarter of 2011

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Stripes Celebrates Grand Opening in Marble Falls

Ribbon cutting, check presentation and prize giveaways planned as part of the new store celebration. A Stripes convenience store and gas station is opening on Jan. 6 at U.S. 281 in Marble Falls, Texas, The River Cities Daily Tribune Online reported. A grand opening event is set to include a ribbon cutting at 501 U.S.

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Susser Accelerates Store Building Program in 2012

About 25-30 new Stripes convenience stores planned for next year. Susser Holdings Corp. plans to accelerate its new retail store building program in 2012, with an estimated 25-30 Stripes convenience stores expected to be built next year. “Our plan to pick up the pace of new store building next year reflects the strong traction our

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Susser Reports Operating Results

“We delivered one of our strongest quarters ever in same-store merchandise sales growth during the latest quarter, and despite higher gasoline prices versus a year ago, we achieved strong growth in gallons sold,” says Susser CEO. Susser Holdings Corp. has reported strong financial and operating results for the third quarter ended Oct. 2, 2011, driven

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Foodservice Trends for Hispanic Consumers

Stripes is among the growing number of convenience store chains providing an authentic Hispanic cuisine to attract this growing demographic. By Pat Pape, Contributing Editor. Early each morning the parking lots of Stripes Convenience Stores fill up with the trucks and cars of customers wanting to purchase a hearty meal of breakfast tacos, carne guisada

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Sweetening Candy Sales

Avoiding common pitfalls and developing a merchandising plan can boost convenience store confectionery sales. By Heather Henstock, Contributing Editor. Keeping shelves full of customers’ favorite candy, gum and mint brands may seem like an obvious practice for convenience store category mangers. However, controlling out-of-stocks continues to be the top challenge for c-stores managing the candy

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Susser Estimates Q4 Results

Susser Holdings Corp. expects to report same-store merchandise sales growth for the fourth quarter of 2010 of approximately 7.3% year-over-year and an increase in retail average per-store-per-week fuel volumes of 4.3%. Fourth quarter merchandise margin is expected to be in a range of 33.7-34%, and retail fuel margin is expected to be 14.7 cents to

Ethnic Fare Adds Foodservice Flair

Sushi in the c-store cooler? Burritos in the food warmer? Mediterranean sandwiches on the menu? Exotic foods are here to stay and becoming more mainstream, spicing up the foodservice section and appealing to a wide audience. With the growth of the Internet consumers today are exposed to new foods they may not be used to

Empowered by Energy Efficiency

With energy costs soaring and customers rewarding sustainable behaviors, many convenience store chains are realizing the need to upgrade stores to be more energy efficient. World marketed energy consumption is projected to increase by 44% from 2006 to 2030, according to the U.S. Energy Information Administration (EIA). The increase could hit c-store retailers especially hard

Seizing Smokeless Opportunities

Just when you think you know everything about the mercurial business of tobacco, a bit of trivia comes along that gets your attention. Distributors and retailers have had reams of information to study in the past two years as major changes in legislation, taxation and consumer habits have forced domino-effect adjustments. Manufacturers, chain executives, category

Stripes Works Toward Energy Efficiency

More than 440 Stripes c-stores throughout Texas are becoming more energy efficient and stand to collect up to $175,000 in rebates under TXU Energy’s Energy Efficiency Rebate Program. The 29-month contract represents an annual load of 155,000 MWh-enough to power 8,600 homes-at more than 440 Stripes stores primarily located in West and South Texas. Under

Stripes Helps Raise More than $103,000 for Children’s Miracle Network

The 9th annual Stripes Kicks Cares For Kids Radiothon raised $103,488.25 for Children’s Miracle Network this past weekend, and donations are still being accepted on the Kicks 99.1FM Web site. The event took place live from Music City Mall in Odessa, Texas. Those who tuned into Kicks 99.1FM between Feb. 19-21 heard stories of care, love

Names to Remember

August is always one of my favorite issues of the year. It’s the month we get to profile convenience store “Chains to Watch” for the next 12 months. This year we’ve focused in on two outstanding chains, Stripes, a division of Susser Holdings in Corpus Christi, Texas, and EZ Energy, a rapidly growing operator based

Changing its Stripes

Susser Holdings Corp. at a glance A dynamic marketer Based in Corpus Christi, Texas, Susser Holdings is the largest non-refiner, convenience store operator in Texas, with additional stores in Oklahoma and New Mexico. It operates 516 convenience stores through its Stripes LLC division and is the 19th largest c-store chain in the U.S. Convenience Store

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