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Susser Continues to Grow

New Town & Country store opens in Andrews, Texas

ANDREWS, Texas -- A ribbon cutting ceremony for the grand opening of the newest Town & Country Food Stores convenience store was held yesterday in Andrews, Texas, reported KOSA-TV.

In addition to watching the ribbon cutting ceremony, visitors sampled foods for free from the County Cookin' Restaurant. The event also features bicycle giveaways, the "Spin and Win" and "Shoot the Hoop" games and other prizes, which include a $100 gift card, two $50 gift cards and four $25 gift cards that can be used for gasoline.

Attending this event were the mayor and city council of Andrews and [image-nocss] Sam Susser, president and CEO of Stripes LLC, as well as other Town & Country and Stripes representatives. San Angelo, Texas-based Town & Country was acquired by Susser Holdings Corp., the parent of Stripes, in November 2007.

During the company's first-quarter earnings conference call in early May, Susser said, "We lowered the range of our new store build count to 12 to 18 stores for this calendar year…. We have run into some issues on certain properties, such as curb cuts and planning issues that have affected our ability to open as many new sites as we previously forecasted in 2008. Some of these sites will ultimately get pushed to 2009."

During first-quarter 2008, the company opened three new retail units, bringing the company's total store count to 507 as of March 30. One additional store opened on May 1, and four more stores were under construction or under contract for purchase.

Susser told the conference call participants, "In addition to organic growth, we will continue to pursue acquisitions on a strategic basis."

Click herefor CSP Daily News coverage of the conference call.

Corpus Christi, Texas-based Susser Holdings is a third-generation, family-led business that currently operates more than 505 c-stores in Texas, New Mexico and Oklahoma under the Stripes and Town & Country banners. Restaurant service is available in 285 of its stores, primarily under the proprietary Laredo Taco Co. and Country Cookin' brands. The company also supplies branded motor fuel to more than 380 independent dealers through its wholesale fuel division.

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