Corporate News

Corporate news affecting the convenience store industry

Retailer also pursuing nearby location

CHATHAM, Mass. -- A proposal for the town of Chatham, Mass., to buy the Chatham Mobil property at the entrance to the downtown business district and replace it with a park has fallen through, and Christy's of Cape Cod LLC, Hyannis, Mass., has agreed to buy it and convert it to a Christy's Market,...

Expansion-mined Tesco's net rises ahead of Nov. 8 U.S. launch

LONDON -- With Tesco PLC's first Fresh & Easy Neighborhood Market stores set to start opening next month, Tesco leadership said this week it has a blueprint to roll out the new convenience chain beyond the western United States, reported The Wall Street Journal. CEO Terry Leahy said the British...

Plans to add more gas stations, other retail stores

TORONTO -- Canadian Tire Corp. has updated the investment community on its strategic direction for the 2008-2012 period. During an investor conference, Canadian Tire's management team outlined its plans to build a bigger and better Canadian Tire through a continued focus on growth and productivity...

U.S./Canadian retailer acquires five c-stores in N.H., Vt.
East Coast company invests in 21 sites in Virginia and Tennessee
Will pay $2 million to c-store owners over alleged misrepresentations, omissions of information for buyers
Finding the right mix of financial services is key, retailers agree
Retailer to downsize 60; no acquisitions on horizon
Town & Country's New cites mutual respect, compelling financials in decision to sell.
Implementing restructuring program to reduce expenses