Eleven properties to change hands today with sale closing soon. Neighbors Stores Inc. is selling 11 stores to Circle K, citing increasing competition from larger corporations, for the move, The Mount Airy News reported. The properties sold include Neighbors stores in high-traffic areas of Surry County, N.C. The sites changed hands Monday, with the sale…
Casey’s Strong 2nd Quarter
A favorable gas margin and strong inside sales, give Casey’s a 15.6% increase in total gross profit for the fiscal Q2 2012. Casey’s General Stores Inc. has reported it’s second quarter results for fiscal 2012. The company reported $0.99 in basic earnings per share for the second quarter of fiscal 2012 ended Oct. 31,…
The Impact of Restrooms on Food Sales
Poor safety and sanitation practices will turn customers away. Going above and beyond what’s required is the key to a healthy program. By Howard Riell, Associate Editor. The numbers tell an interesting story: according to a recent research study by Cintas Corp., fully 95% of people avoid patronizing a business in which they have had…
UCP Honors Circle K
United Cerebral Palsy presents Circle K with its Chair Award at its 2011 Annual Conference. United Cerebral Palsy (UCP) presented Circle K with its Chair Award in recognition of a partnership that has spanned three decades and seen the convenience store chain donate tens of millions of dollars to the charity during the 2011 UCP…
Circle K Buys 26 Stores From Chico Enterprises Inc.
Following the acquisition, Circle K will operate 29 locations in western Pennsylvania. Alimentation Couche-Tard Inc.’s Circle K has acquired 26 stores in three states from Chico Enterprises Inc. of Morgantown, W.Va., the Pittsburgh Tribune Review reported. Seven of those stores are located in western Pennsylvania, including outlets in North Fayette and in Dunbar, Fayette County,…
Core-Mark Announces Q3 Results
Core-Mark expands its presence in the Southeast; builds momentum for 2012. Core-Mark Holding Co. Inc., one of the largest marketers of fresh and broad-line supply solutions to the convenience retail industry in North America, announced financial results for the third quarter ended Sept. 30, 2011. Third Quarter Net sales increased 11.6% to $2.23 billion for…
Getting Crafty in the Cold Vault
Beer sales are hot right now and driving the push are specialty brews and imports. By Howard Riell, Associate Editor. Consumer interest in more flavorful food and beverages has led, among other things, to the rise of craft beers. Retailers: Start your engines. Craft beers offer more challenging tastes, authenticity and often even a quirkiness…
Dead River Co. Sells Stores To Circle K
Stores scheduled to transition to Circle K ownership in December. After about 40 years in business, Dead River Co. is selling its 19 convenience stores to Alimentation Couche-Tard Inc.’s Circle K, Bangor Daily News reported. “We’re not closing them; we’re selling them,” Alan Dorr, general manager for procurement at Dead River’s South Portland, Maine headquarters…
Couche-Tard Launches New Share Repurchase Program
Alimentation Couche-Tard Inc. announced that the Toronto Stock Exchange has approved its share repurchase program. The company is now authorized to repurchase up to 2,684,420 Class A multiple voting shares (representing 5 % of the 53,688,412 Class A multiple voting shares issued and outstanding) and 11,126,400 Class B subordinate voting shares (representing 10 % of the 111,264,009…
Inside Sales Drive Casey’s Strong Q1 Numbers
Casey’s annual goal is to increase same-store sales 5.8% with an average margin of 32.8%, and to grow it’s store count by 4-6%. Casey’s General Stores Inc. is off to a strong start in fiscal 2012 strong with a “record quarter.” The c-store chain has reported basic earnings per share of $1.04 for the first…