Corporate News

Corporate news affecting the convenience store industry

Is U.K. retailer planning nationwide U.S. rollout?

EL SEGUNDO, Calif. -- Tesco Plc's U.S. expansion has attracted billionaire Warren Buffett, whose Omaha, Neb.-based Berkshire Hathaway Inc. snapped up at least 177.8 million Tesco shares, a 2% stake, after the retailer announced its plans last February, according to Bloomberg, citing Berkshire...

Regional retailer will keep name; family exits business with sale of 23 stores in Utah

PLEASANT GROVE, Utah -- After more than 50 years in the retail and wholesale gasoline business, Utahns Ivan and Colleen Walker and their family have sold their Walker's convenience stores and other assets to San Antonio, Texas-based Tetco, reported The Salt Lake Tribune. Tetco operates more than 1,...

Channel vet joins c-store team

AUSTIN, Texas -- Advantage Sales & Marketing LLC has added Steve Warner to its convenience store team as customer team leader, the company has announced. Warner brings a wealth of knowledge to the c-store channel as his career has included sales and trade marketing positions with Dole Packaged...

Reports 129% increase in 4Q earnings, record full-year results
Forges deal to pick up 26 locations, negotiation for other properties
The Hartley Co. sells 24 retail sites to two buyers
Sheetz Inc. yesterday opened a 5,000-sq.-ft. convenience store in Mentor, Ohio. The newest addition is the 24th location in Ohio.
The Pantry reports terrible quarter with 8.6 cpg margins on gasoline
Virginia chain files bankruptcy; blames competition, uncompetitive contracts
Merchants applaud congressional call for disclosure from credit card industry