While a few big gum and mint brands have the cache—and steady sales—to merit prime display space, hordes of newcomers are trying to snare a share of this valuable retail real estate. By Marilyn Odesser-Torpey, Associate Editor In its “New Product Pacesetters” report, research firm SymphonyIRI Group revealed that the gum and mint sector accounted…
Maverik To Break Ground On New Store
New 4,200-square-foot c-store planned for Spokane, Wash. Maverik, a North Salt Lake, Utah-based chain of convenience stores, is set to develop a new Spokane, Wash.-area convenience store, which would be its third in the Inland Northwest. Brad McDougal, director of real estate for Maverik, told the Spokane Journal of Business that the company aims…
Getty Realty Corp. Extends Maturity of Credit Facility And Term Loan
“The extension provides Getty with financial flexibility as it begins to execute on its strategy of re-positioning the Getty Marketing assets to stabilize cash flow,” says Getty spokesperson. Getty Realty Corp. has announced that on March 9, 2012 it amended both its $175 million revolving credit facility with J.P. Morgan Chase Bank, N.A., as Administrative…
Construction Investments Slowing
It’s costing more than ever to build new convenience stores, according to the NACS’ 2009 State of the Industry report. This news comes at a time when the economy is dragging down sales and profits. As a result, operators face a crucial challenge as they try to grow business organically: build or renovate? The answer…