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Another Big Oil company shifts retail operations to distributor class

FAIRFAX, Va. -- Announcing the formidable transition of 820 company-owned and -operated retail sites and 1,400 dealer-operated sites yesterday, ExxonMobil became the latest major oil company to exit direct retail in favor of alternative paradigms, in this case, primarily to the distributor class of...

Travel center retailer files for bankruptcy; new store opening pending amid closures

FRANKLIN, Tenn. -- As reported in a CSP Daily News Flash late yesterday, Horizon Travel Plazas LLC has filed a petition for Chapter 11 bankruptcy in U.S. Bankruptcy Court in the Middle District of Tennessee, according to The Nashville Business Journal. The store was founded by former Mapco...

Coast to coast, the economy presents a ‘dangerous ' time for petroleum retailers

LOS ANGELES -- From California to Pennsylvania, Florida to North Dakota, and all points in between, the extraordinary run up in gasoline prices is taking its toll on consumers and retailers. In Los Angeles, Andre van der Valk hasn 't been paid in six months. He has a job as owner of four service...

West Coast chain opening new stores; adding, broadening product lines
Divestment the motive for sale that will transition 162 Houston-area sites
Minn. retailer among those adopting proprietary, fee-friendly debit-card program
The national average for unleaded gasoline stepped past the $4-a-gallon mark this month, with observers predicting prolonged highs at least through July 4.
Spinoff could give menthol giant new areas of distribution and market penetration
Company bids farewell as direct-store operator, sets new phase for oil giant
7-Eleven "stays the course" as consumer confidence hits 16-year low.