Corporate News

Corporate news affecting the convenience store industry

"Green credentials make CEO Leahy "increasingly encouraged" about prospects

LONDON -- Tesco CEO Terry Leahy is "increasingly encouraged" by the prospects for the British supermarket giant's entry into the United States in the autumn as demand for healthy and organic foods grow, said a Reuters report. Announcing a record 2.5 billion pound ($5.22 billion U.S.) yearly profit...

Increased operating income by $5.4 million

WARREN, Pa. -- Regional refiner and marketer United Refining Co. has announced operating results for the second fiscal quarter and six-month period ended Feb. 28, 2007. Operating income for the second quarter increased $5.4 million from a loss of $100,000 for the quarter ended Feb. 28, 2006, to...

Johnson Oil acquires 11-store group of Shell locations from ETNA Oil

OTTAWA, Ill. -- Two Illinois gasoline retailers have reached an agreement on the sale of an 11-store chain of convenience stores. ETNA Oil Co., Ottawa, will sell the c-stores, which operate under the Shell brand, to Johnson Oil Co., Rock Falls. Johnson Oil, a Shell distributor and operator for more...

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