Corporate News

Corporate news affecting the convenience store industry

Net earnings rise despite revenue declines

LAVAL, Quebec -- Driven by merchandising strategies, fuel volumes and foodservice growth, Alimentation Couche‑Tard Inc. has reported net earnings of $324.4 million for its first fiscal quarter ended July 17, 2016, an 8.9% increase compared to net earnings of $297.8 million for the same quarter in...

Brown started Oklahoma-based independent chain

OKLAHOMA CITY -- William C. Brown, the founder of Oklahoma City-based 7-Eleven Stores , died Aug. 25 at age 89. Brown was born July 27, 1927, in Brooklyn, N.Y., the only son of Ethel Mae (Ryan) Brown and William J. Brown. He attended the University of Notre Dame both before and after an enlistment...

Emerging retailer also fills out its executive lineup

DURHAM, N.C. -- Following the announcement of a convenience-store design firm and the release of an upscale design for its “GP Express” retail brand, The Guess Corp. has engaged Newmark Grubb Knight Frank as its exclusive commercial real-estate broker. As the company's broker of record, the New...

Refiner-marketer seeking synergies, right size following acquisition
A less-fragmented retail channel is a positive for retailers and consumers: Petrowski
Party nominee attends $2,700-per-plate event
Discount chain also moving into 44th state with new construction
Retailer expecting to operate in 18 countries by spring 2017

Six years after abandoning convenience-store operations, Cary Oil is back at it with a new store design and 14 sites.

Company focusing on portfolio optimization