Corporate News

Corporate news affecting the convenience store industry

Swiss Farms Stores opened its 11th store Wednesday in Upper Darby, Pa.

UPPER DARBY, Pa. -- Swiss Farms Stores opened its 11th store Wednesday in Upper Darby, Pa. The drive-thru convenience-store chain, based in Broomall, Pa., said earlier this year it would add 10 new locations by 2008, including sites in Aston and Concord, according to a report in The Delaware County...

Preliminary results significantly above previous guidance

SANFORD, N.C. -- The Pantry Inc. has announced that it expects fiscal 2006 earnings per share to substantially exceed its previous guidance. Based on preliminary, unaudited data, the company expects to report diluted earnings per share for its fiscal year ended Sept. 28, 2006, in a range between $3...

Much-anticipated spinoff still in holding pattern for now

NEW YORK -- The board of directors of Altria Group Inc. announced yesterday that it intends to finalize its decision, including the precise timing, on the distribution of all Kraft Foods Inc. shares owned by Altria to Altria's shareholders at its regularly scheduled meeting on Jan. 31, 2007. Louis...

Chevron seeking franchisees in Calif., Wash. for newest store design concept
Announces closing of IPO
Retailer opens first certified green convenience store in U.S.
Operating, closed locations with c-stores for sale, along with other properties
As gas prices drop, consumer confidence rises and economists keep watch
Opponents go after Tesco's planned distribution center over environmental impact.
Employees of a Kent, Ohio, Sheetz convenience store (pictured) hosted a community open house in early October to celebrate the location's grand opening.