With an aggressive expansion and remodeling plan underway, Casey’s General Stores is in firm control of its future and sits atop the list of Chains to Watch in 2013. By: Erin Rigik, associate editor. Casey’s General Stores has come a long way in two years. The convenience store chain is branching into new territory, pushing…
7-Eleven Acquires TETCO Assets
“The combination of TETCO’s retail and wholesale operations will make this 7-Eleven’s largest acquisition since the company accelerated its growth plan four years ago,” says Stan Reynolds, 7-Eleven executive vice president and chief financial officer. 7-Eleven signed an agreement to acquire the retail and wholesale assets of TETCO, Inc. The assets include company-operated convenience stores…
Walgreens Hosts Summit On Disability Employment
Walgreens’ new goal is to fill 20% of its distribution center jobs with people with disabilities. Top-level executives from more than a dozen major U.S. companies joined with government officials to launch a nationwide public-private sector initiative to advance employment of people with disabilities. The companies and officials plan to work together to achieve common…
Valero Grows In Southeast
The Pantry Inc. converting 168 stores. Valero’s 2012 advertising theme is “Keeping America Moving,” and thanks to a new branding agreement with The Pantry Inc., based in Cary, N.C., Valero will be keeping more and more Americans moving throughout the Southeast. Under the new agreement, 143 properties will convert to a newly created Valero and…
Kum & Go’s Krause Honored
Krause recognized with 2012 Ernst & Young Entrepreneur Of The Year award in retail and consumer products category. Kyle Krause, president and CEO of Kum & Go convenience stores, has been recognized as a winner in the 2012 Ernst & Young Entrepreneur Of The Year program. Krause was recognized in the Retail and Consumer Products…
CCRRC Study Unveils Growth Opportunities for C-Stores
Study by the NACS/ Coca-Cola Retailing Research Council (CCRRC) identifies five new platforms that can drive convenience retail growth. By Erin Rigik, Associate Editor. A newly released report from the NACS/Coca-Cola Retailing Research Council (NACS/CCRRC) is providing insights into what motivates shoppers to spend more of their hard-earned dollars inside convenience stores. “We began the…
Fas Mart Donates $10,000 to Local Charity
The donation, given through BP’s Fueling Communities Grant Program, supports the BackPack Program for at-need children. GPM Investments LLC, which operates the Fas Mart convenience store chain has donated $10,000 to the Central Virginia Food Bank through BP’s Fueling Communities grant program. The donations will be used to support the BackPack Program, providing at-need children…
FamilyMart Expands In Southeast Asia
Japanese c-store chains look to other Asian countries for growth opportunities. FamilyMart Co., Japan’s largest convenience store operator in Southeast Asia, is set to rollout 600 new stores in Indonesia and the Philippines, Bloomberg reported. The retailer expects to open 300 stores in each country by 2015, expanding on a network that includes more…
Susser Underwriters Exercise Purchase Option
Susser plans to use the net proceeds from this offering for growth capital for new store development and general corporate purposes. Susser Holdings Corp. announced that the underwriters of its recent public offering of common stock have exercised their additional purchase option in part, purchasing 275,000 shares of common stock at a public offering price…
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…