Corporate News

Corporate news affecting the convenience store industry

Decrease offset by increase in retail merchandise sales

DALLAS -- Retail fuel-price decreases resulted in Sunoco LP reporting revenue of $4.1 billion for second-quarter 2016, a decrease of 19.6%, compared to $5.1 billion in second-quarter 2015. The decline was the result of a 60.5-cents-per-gallon decrease in the average selling price of fuel partly...

Prominent convenience-channel executive shares his opinion on presidential race

ALBANY, N.Y. -- The strangest and most controversial presidential election in modern memory is approaching, and it is offering a choice—Hillary Clinton vs. Donald Trump—that is sending many voters scrambling to find a third choice. One prominent business leader in the Albany, N.Y., area won't be...

Completes acquisition of Northern Tier

EL PASO, Texas – With the completion of the transaction to fully acquire Northern Tier Energy LP (NTI), second-quarter 2016 was a “milestone quarter” for Western Refining Inc. , said CEO Jeff Stevens. Western Refining entered into an agreement and plan of merger Dec. 21, 2015, with Northern Tier,...

Moody was previously with Road Ranger, The Pantry

Retailer opens bigger convenience store and gas station in Maine

Food retailers dominate National Retail Federation’s annual list

Second-quarter record shows why MPC likes to keep its convenience stores close
Marathon Petroleum reports increased margins
Will manage all c-stores, help chain expand into new markets
Chain suing two more c-stores for trademark infringement