Corporate News

Corporate news affecting the convenience store industry

Rhode Island's Engine FoodLane stoked by owners' passion

NORTH KINGSTOWN, R.I. -- In July 2004, Ann and Ramzi Khoury unveiled a rebranded and thoroughly reimaged convenience store in North Kingstown, R.I., about 20 miles south of Providence. Today, their reshaped, 1,800-sq.-ft. Engine FoodLane store, which had been an underperforming XtraMart, stands...

Costco Wholesale Corp. reported a third-quarter profit below Wall Street forecasts as rising gas prices continued to pinch margins, said The Seattle Times.

ISSAQUAH, Wash. -- Costco Wholesale Corp. reported a third-quarter profit below Wall Street forecasts as rising gas prices continued to pinch margins, said The Seattle Times. The wholesale-club retailer based in Issaquah, Wash., said its third-quarter profit was $235.6 million, or 49 cents a share...

Independent retailer's showplace defies demographics, industry stereotypes

DES PLAINES, Ill. -- The mature, tightly packed retail landscape of the Chicago suburbs is not a market known for large, destination convenience stores. It is the realm of mini-marts and smaller, older gas stations and c-stores amid a sea of supermarkets, strip malls, hypermarkets and traditional,...

NOCO Express opens store within store in Williamsville, N.Y.
Patriot Capital Corp. arranged the successful purchase of $50 million of the retail petroleum equipment leasing portfolio from National City Petroleum Capital.
Principals of VERC Enterprises, a Massachusetts-based independent convenience store/gas station operator, was recognized for their commitment to hiring veterans
Al Wiley, 70, founder and president of Country Convenience Food Stores, Middletown N.Y., died May 26 at his home in Goshen, N.Y., of lung cancer.
Receives unsolicited higher offer from investor group
Travel center opens in Buffalo Bill's birthplace.
Sales, income up in first-quarter 2006

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