Corporate News

Corporate news affecting the convenience store industry

PerformanceRetail names convenience vet to lead professional services team

AUSTIN, Texas --PerformanceRetail, a provider of web-based software for the high-velocity retail industry, said that Marsha Mathis, a 23-year veteran of the convenience retail industry, has joined the company as director of professional services. Mathis brings to PerformanceRetail a wide range of...

Bidding war for Allied Domecq may be fermenting

LONDON -- U.S.winemaker Constellation Brands Inc. said Monday that it is considering making an offer to rival last week's $14.2 billion buyout proposal for British liquor company Allied Domecq PLC from France's Pernod Ricard SA, reported the Associated Press. Constellation, the world's largest...

Completion of sale brings chain into Alabama

SANFORD, N.C. -- The Pantry Inc. convenience store chain completed the acquisition of D & D Oil Co. Inc. of Rome, Ga., and its 53 c-stores under the Cowboys banner in three states on Friday. We are pleased to complete this outstanding strategic transaction, said Peter J. Sodini, The Pantry's...

Berkshire Hathaway buys A-B stake
Costco Wholesale Corp. said earnings for the rest of its fiscal year would likely miss Wall Street forecasts because of weaker profits from gasoline sales.
NRC to coordinate sale of retail outlets in Northeast
Valero Energy Corp. has reported record net income of $534 million, or $1.92 per share, for first-quarter 2005, which is more than double last year.
Survey confirms 12.7-cent-per-gallon average, but range still wide
Relocating to Dallas Arts District
Situs to market six locations for troubled company