Corporate News

Corporate news affecting the convenience store industry

Waring Oil buy bolsters Mississippi, Louisiana markets

SANFORD, N.C. -- In a move that strengthens its presence in Mississippi and Louisiana, The Pantry Inc. has moved to acquire 39 convenience stores from Waring Oil Co. The stores, as reported yesterday in a CSP Daily News Flash, generated total revenues of about $100 million in 2004 and operate under...

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...

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
Matrix still accepting offers on 8 remaining units
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