lewis group acquires shell stores

Deal includes 10 stations and increases minority ownership of the fuel brand. Building on its commitment to increase minority opportunities throughout the Shell retail network, Motiva Enterprises LLC said The Lewis Group LLP (TLG) will acquire 10 of its Shell-branded convenience stores in the Houston marketer. “We are proud to be members of the Shell-branded

tescos us plans taking flight

UK megaretailer looking at dozens of California sites for rapid expansion. Only three weeks after opening its first American stores, near Los Angeles, Tesco is looking at dozens of sites in Northern California as it seeks to extend its Fresh & Easy convenience chain. It is part of the supermarket’s expansion drive in the U.S.

refining drives chs earnings

Revenues for fiscal year 2007 were $17.2 billion, up 20% over $14.4 billion a year earlier. CHS Inc., the St. Paul, Minn.-based refiner-marketer, reported record net income for fiscal 2007 of $750.3 million. The earnings for the 12 months ending Aug. 31, 2007, compared with net income of $490.3 million for fiscal 2006. Revenues for

mister car wash acquires car wash headquarters

Deal includes eight stores in Florida, Alabama and Texas. Mister Car Wash has acquired the Car Wash Headquarters chain, adding eight stores in Tampa, Fla., Birmingham, Ala., and Mesquite, Texas under its widening umbrella. Financial terms were not disclosed. The company believes the latest acquisition makes Mister Car Wash the second largest carwash chain in

usda grant to fund rural store initiative

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

susser raising 200 million to complete towncountry deal

Stripes c-store owner to complete $50 million sale-lease back with National Retail Properties. Christi, Texas-based Susser Holdings, operator of 330 convenience stores in Texas and Oklahoma under the Stripes banner, is in the process of acquiring San Angelo, TX-based Town & Country Food Stores, operator of 140 convenience stores in Central and West Texas and

giant oil snatches 32 bp stations

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

couchetard eyeing shell sites

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

susser holdings to acquire towncountry food stores

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 &

rutters stretches south

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

quickchek comes to hampton township

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

ameristop assigned a receiver

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

bp selloff continues

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

pantrys big shareholder ups its ante

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

couchetard draws the line

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

road ranger on the upswing

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.

motiva sells connecticut sites

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.

chevron to sell proprietary credit businesses

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

conphil extends credit fee reduction

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

chevron shines at global marketing event

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

convenience store decisions power 25

by John Lofstock, Editor Convenience Store Decisions’ Power 25  recognizes industry pioneers, association executives and lawmakers that shape the way the convenience store industry operates. These influential business leaders are being selected for the lasting contributions they have made to the convenience channel and the impact their influence has on shaping the future of convenience

susser shows secondquarter growth

Strong margins shown for the fiscal year. Susser Holdings Corp. has revealed the financial results for the second quarter of 2007, reporting earnings that raised 67% from last year, helped by better-than-expected retail fuel margins and good gains in merchandise sales, both overall and on a same-store basis. The company also raised its merchandise same-store

the pantry offers stock repurchase program

Sinking numbers cause company to reclaim shares. Stanford, N.C.-based The Pantry Inc.’s Board of Directors has authorized a share repurchase program of up to $35 million for each of fiscal 2007 and fiscal 2008 but not to exceed an aggregate of $50 million. The program authorizes the company to repurchase shares of the company’s common

rennie petroleum assets head to auction

Matrix Capital to manage the sale of the bankrupt Virginia chain. As part of its bankruptcy proceeding, Rennie Petroleum Corp. said it would sell its chain of 24 convenience stores along with its motor fuels supply agreements to an additional six stores through an auction to be managed by Matrix Capital Markets Group Inc. The

couchetard takes stock of its future

U.S./Canadian marketer launches share repurchase program. Alimentation Couche-Tard Inc., Convenience Store Decisions 2007 Chain of the Year, said that the Toronto Stock Exchange has approved its share repurchase program, authorizing the Laval, Quebec-based company to purchase up to 2,808,765 of the 56,175,312 Class A multiple voting shares and 7,332,066 of the 146,641,334 Class B subordinate

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