Corporate News

Corporate news affecting the convenience store industry

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

WALTHAM, Mass. -- Global Partners LP ’s gasoline distribution and station operations (GDSO) segment delivered positive results for second-quarter 2016, prompting a drive to optimize the company’s retail portfolio . “GDSO product margin increased 18% year over year in the second quarter. This result...

Income grows as distributor converts company-operated locations

ALLENTOWN, Pa. -- As it converts acquired company-operated stores to lessee-dealer locations, CrossAmerica Partners LP has seen gross rental income grow to a “sizable portion” of its revenues and is “on track to recognize over $80 million this year,” president Jeremy Bergeron said during the...

Move part of retailer’s new growth initiatives, which includes adding 60 to 70 stores this year
Retailer-in-the-making says it is developing ‘upscale’ convenience stores
Higher fuel and merchandise margins contribute to net income increase
Focusing on site-level profitability, internal growth, but still eyeing acquisitions
Plans to offset sales declines of diesel with gasoline beginning to show results
Trucking firms seek to question Pilot Flying J CEO
Updates for 7-Eleven, Circle K, Dash In, Global Partners, Lambo’s, more

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