Corporate News

Corporate news affecting the convenience store industry

along with revenues, income, margins, gallons, profits

SANFORD, N.C. Southeast retailer The Pantry Inc. said total revenues for its third fiscal quarter were approximately $1.6 billion, up 41% from the corresponding period last year. Net income rose 22.2% to $20.3 million, from $16.6 million a year ago. Diluted earnings per share were 86 cents per...

Southeast retailer puts more attention on ground-up store construction

SANFORD, N.C. -- It's no surprise that growth is on the minds of the leadership at The Pantry, but now the public company is putting more emphasis on building new sites as well as acquiring stores. We've been remiss on putting such heavy reliance on acquisitions, chairman and CEO Pete Sodini said...

Illinois retailers question Chicago's living wage law

CHICAGO -- As Illinois retail leaders consider their options to battle a newly passed Chicago ordinance that sets a $10-an-hour minimum wage for some retailers, the measure seemingly opens the door for neighboring suburbs to court big-box stores such as Wal-Mart and Target. Indeed, Wal-Mart for the...

Introduces c-store vet as new senior vice president
Brit retailer buys land for c-store warehouse
Federal agency won't approve requests for sites with brand deed restrictions.
Petro Plus USA details Southeast acquisition strategy
Delek US Holdings Inc. has broken ground for its new corporate headquarters in Brentwood, Tenn.
Owen becomes ops manager, Melvin becomes engineering manager
Cahill to remain executive chairman until early 2007