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Appco, Crescent Oil bankruptcies reveal cracks in holding company's methods

BLOUNTVILLE, Tenn. & INDEPENDENCE, Kansas -- With debts mounting to between $10 million and $50 million for cash-strapped Appalachian Oil Co. (Appco), the company filed for Chapter 11 bankruptcy protection on Monday, as reported in a CSP Daily News Flash yesterday. The company's second-largest...

Venerable c-store chain continue to lay low on acquisition opportunities

[Editor's Note: This article, a focus on recent M&A activity in the South and Southeast regions, is the final entry in an ongoing series on how the recession is affecting the c-store landscape.] SANFORD, N.C. -- It looks as though The Pantry has once again put its acquisition plans on the back...

Deal includes 37 Southwest Missouri stores; Billings Kum & Gos becoming Zip Trips

WEST DES MOINES, Iowa -- Kum & Go LC has signed an agreement to purchase 37 Cody's Convenience Stores in southwest Missouri. Cody's is currently operated by Springfield, Mo.-based Cody Ventures LLC. The closing is subject to completion of due diligence and customary closing conditions. Kum...

7-Eleven reduces workforce by 10%; "no impact on stores," retailer says.
Refiner-marketer to sell 165 sites, but not ready to leave retail
Legislation raises federal cigarette tax to $1.01 per pack on April 1
Christy's of Cape Cod sells 11 locations to integrated oil company.
Roll-your-own to take tremendous hit as experts project sales declines, job losses
SCHIP vote leaves retailers reeling over likely sales declines,security issues
New "Fresh on the Go" program will deliverperishable foods to c-stores.