Corporate News

Corporate news affecting the convenience store industry

Virginia chain files bankruptcy; blames competition, uncompetitive contracts

RICHMOND, Va. -- After 22 years in business, convenience-store chain Rennie Petroleum Co., Richmond, Va., filed for Chapter 11 bankruptcy reorganization this week. Rennie, which started in 1985 with a single service station, now has 24 stores. In the mid-1990s, the company hit a peak of 40 sites,...

Merchants applaud congressional call for disclosure from credit card industry

WASHINGTON -- The Merchants Payments Coalition (MPC) Legislative Committee Chairperson Jennifer Hatchercommenting on the Senate Committee on Banking, Housing & Urban Affairs' hearing on Thursday, Examining the Billing, Marketing & Disclosure Practices of the Credit Card Industry & Their...

Tops $300 million with sales in 31 states

CHICAGO -- NRC Realty Advisors LLC, a national player in the structured sale of commercial real estate and financial and real estate advisory services for the petroleum and convenience store industries, announced a 43% increase in sales volume for 2006 with closings of properties in 31 states. NRC...

Net income, revenues down for the period
10-unit ourchase brings total unattended sites to 106
Hires former supermarket exec to help revamp c-stores
Goose's Edge, a privately held corporation, has purchased the land lease, building, car wash and total facility currently known as Queen K Chevron.
Promises to offer gas only from certain nations
New format, modeled on Tesco, set to open; will offer groceries, gas, pharmacy
Suggests retailer not counting on brand recognition for U.S. venture