Corporate News

Corporate news affecting the convenience store industry

Chain on target to add 60 to 80 stores to its network this year

EL DORADO, Ark. -- Murphy USA ’s organic unit-growth plan “is off to a brisk pace,” president and CEO Andrew Clyde said during the company’s first-quarter 2016 earnings call May 9. Since the beginning of 2016, Murphy has opened three new stores, with 23 new stores currently under construction. The...

Rebranding just the beginning of 'building that business'

WESTLAKE, Ohio -- TravelCenters of America has invested $750 million into developing and growing a convenience-store brand in the past five years. And with 215 of its 228 convenience stores now updated, CEO Tom O'Brien says the job of making the company's c-store arm flourish has just begun. "The...

‘Impressive’ Q1 profits, West Coast deal highlight positive performance, value

SAN ANTONIO -- “This is an extensive process that takes time,” CST Brands Inc . chairman and CEO Kim Lubel said during the first earnings call since the convenience-store company announced a major strategic review. However, first-quarter 2016 brought “impressive improvements,” said Lubel. CST...

Revenue from stand-alone stores more than doubled over the past year
Period marked by ‘impressive improvements,’ growth, major deal
First-quarter activity included final retail dropdown from ETP
NTI cancels cash distribution over weak margin environment
On its 100th birthday, fuel brand plans to double down on dinos
In-store employee base could grow to 25,000
With Hess sites fully integrated, single retail network ‘running on all cylinders’