Corporate News

Corporate news affecting the convenience store industry

Home-improvement retailer could follow Home Depot's lead on convenience, gas in Canada

BOUCHERVILLE, Quebec -- Canadian home-improvement retailer Rona Inc. is considering adding convenience stores and gas bars to some of its big-box outlets, reported The Globe & Mail. The move follows Home Depot's recent foray into the c-store channel in the United States, although Rona CEO...

Both chains saw major acquisitions

FRANKLIN, Tenn. -- Delek US Holdings Inc. said that for the second quarter and six months ended June 30, 2006, net income rose to a record $42.2 million, or 88 cents per diluted share, for second-quarter 2006 from $6.9 million, or 17 cents per diluted share, for second-quarter 2005. Net sales for...

Suit seeking back wages, damages, assurances

WASHINGTON -- The U.S. Department of Labor has sued Raceway Petroleum Inc. for failing to pay overtime to more than 400 employees at 20 gasoline stations in New Jersey, including five in Monmouth and Ocean counties, officials said Wednesday, according to The Asbury Park Press. The government said...

U.K. retailer expanding beyond West Coast beachhead
Unconventional drive-thru stores catch consumer's eye.
Will expand opportunities relating to bankruptcies, divestitures
Alon USA Energy Inc. announced that it has closed on its previously announced acquisition of Paramount Petroleum Corp. with an effective date of July 31, 2006.
Will guide global marketing, innovation
Strong margin environment for refiner-marketer
Strong refining margins for ethanol-blended gas, low-sulfur diesel