Corporate News

Corporate news affecting the convenience store industry

Emerging retailer also fills out its executive lineup

DURHAM, N.C. -- Following the announcement of a convenience-store design firm and the release of an upscale design for its “GP Express” retail brand, The Guess Corp. has engaged Newmark Grubb Knight Frank as its exclusive commercial real-estate broker. As the company's broker of record, the New...

Refiner-marketer seeking synergies, right size following acquisition

EL PASO, Texas -- Western Refining Inc . has laid off an unspecified number of employees, reported El Paso Inc . “We did have a few people that we laid off yesterday,” spokesperson Gary Hanson told the news outlet, which had received information that the company had laid off about 10% of its El...

A less-fragmented retail channel is a positive for retailers and consumers: Petrowski

FRAMINGHAM, Mass. -- Convenience stores and retail fueling have been the subject of significant organic growth and frequent acquisitions over the years, and it is embarking on further consolidation and roll-ups compelled in part by private equity. Regardless, this industry remains fragmented. There...

Party nominee attends $2,700-per-plate event
Discount chain also moving into 44th state with new construction
Retailer expecting to operate in 18 countries by spring 2017

Six years after abandoning convenience-store operations, Cary Oil is back at it with a new store design and 14 sites.

Company focusing on portfolio optimization
Income grows as distributor converts company-operated locations
Move part of retailer’s new growth initiatives, which includes adding 60 to 70 stores this year