Corporate News

Corporate news affecting the convenience store industry

Deal adds six more stores

SANFORD, N.C. -- The Pantry Inc. has completed the acquisition of six Fuel Mate convenience stores in North Carolina. The stores, all located near the company's headquarters in Sanford, N.C., generated revenues of approximately $24 million in 2005. The acquisition increases the size of the company'...

Franchisees view 7-Eleven purchase with cautious optimism

DALLAS and LOMBARD, Ill. -- After 7-Eleven Inc. announced it would acquire more than 200 White Hen Pantry stores in the Chicago and Boston markets, franchisees of both franchise-driven companies were cautiously optimistic about the transaction, valued at $35 million. It's a good deal for 7-Eleven,...

C-stores without gasoline face struggle through 2010: Bishop report

CHICAGO -- Growth rates for six retail formats, including convenience stores without gasoline, are not expected to keep pace with inflation during the remainder of this decade, according to a study by the Willard Bishop consultancy. During The Future of Food Retailing Webinar sponsored by The Food...

Broker adds more c-storologists
A need to grow leads White Hen to 7-Eleven transaction
Home-improvement retailer could follow Home Depot's lead on convenience, gas in Canada.
Suit seeking back wages, damages, assurances
Both chains saw major acquisitions
Unconventional drive-thru stores catch consumer's eye.
U.K. retailer expanding beyond West Coast beachhead