Corporate News

Corporate news affecting the convenience store industry

Ends JBX Grill fast-casual test; will build more Quick Stuff c-stores

SAN DIEGO -- Jack in the Box Inc. has reported that net earnings totaled $21.5 million in the fourth quarter ended Oct. 2, 2005, including a $2 million aftertax charge, related to the cancellation of the company's test of a fast-casual concept called JBX Grill. Same-store sales at Jack in the Box...

Matrix still accepting offers on 8 remaining units

RICHMOND, Va. -- Matrix Capital Markets Group Inc. said it has sold 42 of Ports Petroleum Co.'s Fuel Mart convenience stores. The units were sold to multiple buyers, comprised of national retailers, regional jobbers and individuals. As reported in CSP Daily News in October, Alimentation Couche-Tard...

Supermarket, c-store chain reports $3.4 million loss, signals intention to explore strategic alternatives

INDIANAPOLIS -- Marsh Supermarkets Inc. has reported its financial results for the second fiscal quarter ended Oct. 15, 2005. The company reported a net loss of $3.4 million compared to net income of $1.3 million for the same period last year. The company also announced that it has retained Merrill...

New 7-Eleven leader to focus on fresh food, leadership, item-by-item management
Seeks to capture larger share of U.S. snack market, broaden global presence
Former operations exec replaces Keyes as president and CEO at 7-Eleven
19 c-store retailers make Forbes privately held list
Hartman leads 2006 slate of officers
New NACS chairman keeps eye on industry innovation
U.S. chain also rolling out cell-phone program