Corporate News

Corporate news affecting the convenience store industry

Murnane named lead independent director

SANFORD, N.C. -- The Pantry Inc. said that President and CEO Peter J. Sodini has been elected chairman of the board. In addition, Thomas M. Murnane has been elected lead independent director. Sodini has been president and CEO since 1996, and a director since 1995. He has chaired meetings of the...

U.S. convenience store count increases by 1.8%, says NACS

ALEXANDRIA, Va. -- The number of convenience stores in the United States as of Dec. 31, 2005, stands at 140,655, according to the National Association of Convenience Stores (NACS). The new figure is a 1.8% increase over the 138,205 stores identified at yearend 2004. The increase in stores in 2005...

Japanese model establishing beachhead on West Coast as Tesco wades in

TORRANCE, Calif. -- Famima Corp., the U.S. subsidiary of Tokyo-based FamilyMart Co. Ltd., is opening its third Famima!! convenience store on the West Coast today, in Santa Monica, Calif. As reported in CSP Daily News, the first store, in West Hollywood, Calif., opened in late July 2005. A second...

Shell appoints wholesale region GMs
Respected consultant Ram Charan cites keys to long-term success
Dreyer's Grand Ice Cream Holdings Inc. has hired Tony Sarsam, 44, as executive vice president of operations and supply chain.
Holiday Stationstores has promoted three executives.Lynn M. Anderson has been promoted to executive vice president and general counsel.
Announces credit agreement, dividends, sale of pipelines
Store design creates standouts in an otherwise level playing field
"Tweener" retailer also intends to become franchisor.