Corporate News

Corporate news affecting the convenience store industry

West Coast retailer hopes to add 50 stores, take more market share

BEAVERTON, Ore. -- Mark Conan, vice president of finance and CFO of Plaid Pantries Inc., said the West Coast convenience retail chain is now interested in adding up to 50 more stores. He estimated that Plaid Pantries serves 20% of the convenience store market in Portland and 15% in Oregon. We would...

Hospitality Properties Trust adds more travel centers to its portfolio in $630 million acquisition

NEWTON, Mass. -- Hospitality Properties Trust (HPT) has acquired 40 travel centers from Petro Stopping Centers LP for $630 million plus closing costs, as reported in a CSP Daily News Flash yesterday, while its subsidiary, TravelCenters of America LLC (TA) acquired 24 Petro franchise agreements and...

Tesco prepared to reward Leahy, Mason for U.S. success

LONDON -- Sir Terry Leahy, the CEO of Tesco PLC, is in line for a potential 9 million ($17.7 million U.S.) share bonus under a scheme designed to reward him for developing the retailer's international business, including the new Fresh & Easy Neighborhood Stores on the U.S. West Coast, reported...

Class-action status sought
Western Refining Inc. and Giant Industries Inc. have announced that the U.S. District Court denied the FTC's request for a preliminary injunction.
Stewart's Shops opened its 324th convenience store/gas station with a grand opening event last Saturday.
Company also sponsoring parks youth program in Des Moines
Picketing planned if Tesco's Fresh & Easy stores go non-union route.
Schnucks Markets Inc. is preparing to test standalone convenience stores with gasoline pumps outside its grocery stores.
Hess, Quick Chek hit with identity-protection charges, face thousands in fines