Corporate News

Corporate news affecting the convenience store industry

Retailers have mostly avoided the impact of pinched wallets

NEW YORK -- The big-box behemoths all lined up with the same bad news: record-high pump prices were unnerving inside sales. Wal-Mart reported its first quarterly income decline in a decade and partially blamed rising fuel prices. Home Depot said steep fuel prices were putting pressure on the...

Oil company leaving Montana, selling stations and properties

GREAT FALLS, Mont. -- The Sinclair Oil Corp. is leaving the retail gasoline business in Montana, at least for the time being, reported the Associated Press. The Salt Lake City-based company plans to auction off nine gas station/convenience store properties in Montana and four in Idaho later this...

U.K. retailer plans for 50 stores in Phoenix by fall 2007, eventually up to 100

PHOENIX -- From distribution prowess to knowing exactly who they're selling to, executives from the U.K.'s largest retail grocer are taking their plan to enter the United States next year seriously. And as it became known this week that Tesco's entry into the Phoenix market won't be with a whimper...

High property taxes convince chain to trim store count
Fas Mart, Shore Stop parent eyes additional growth in Pennsylvania
Latest design goes up against Wal-Mart Supercenter, Big Kmart
Open Pantry eyes new image as it looks to divest 10 good performers
Ohio retailer selling 24 locations in separate offering
Red Apple chairman, CEO receives Appeal of Conscience Award
Alimentation Couche-Tard Inc. said for the first quarter of fiscal 2007, net earnings were $44.6 million or 22 cents per share.