Jiffy Trip is preparing to unveil a convenience store prototype in Oklahoma and has its sights set on acquisition opportunities. By Erin Rigik, Associate Editor Jiffy Trip is gearing up for a busy year. The 28-store chain based in Enid, Okla. is scouring the market for acquisition targets to fulfill its lofty plans to grow…
RaceTrac Debuts Prototype Store
“The whole goal is to take you back to the idea of a neighborhood store versus a traditional gas station,” says RaceTrac spokesperson. RaceTrac opened a new store this week on the corner of Cherokee Street and Lake Acworth Drive in Acworth, Ga., that is set to serve as the prototype for all new RaceTrac…
Real Estate and the Retail Industry
Colliers International, a global real estate services firm, issued its 2010 Retail Trends and Opportunities report showing that retail vacancies will stabilize in many markets this year, but new retail construction has virtually disappeared and lease rates have dropped 25-40% from peak levels. Challenges abound in the retail marketplace, and we’ll witness more retail failures,…
On Location with CSD
It isn’t often one finds a c-store with a hanging chandelier and a fireplace in the office, but Dave Carney’s Hillside Chevron Station in Torrance, Calif., is anything but conventional. This April, the store began a major renovation, transforming what was a traditional c-store into a site with charming old-world Santa Barbara style; a Spanish…