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Expects to close deal for Mountain Empire Oil’s 92 c-stores in second-quarter 2017

RICHMOND, Va. -- GPM Investments LLC has signed an agreement to acquire Mountain Empire Oil Co. Inc., operating as Roadrunner Markets, including all 92 convenience stores with fuel sales and seven quick-service restaurants (QSRs). The units are located in North Carolina, South Carolina, Tennessee...

Similar name, logo trigger lawsuit

CAMDEN, N.J. – Regional convenience-store retailer Wawa Inc. is suing independent c-store owner Dawa Food Inc., alleging trademark infringement, false designation of origin, trademark dilution and unfair competition, according to court documents filed in U.S. District Court in Camden, N.J., in late...

However, 23 states saw declines in units

ALEXANDRIA, Va. – The U.S. convenience-store count increased to a record 154,535 stores as of Dec. 31, 2016, a 0.2% increase (340 stores) from 154,195 as of Dec. 31, 2015, according to the annual NACS/Nielsen Convenience Industry Store Count. “Nielsen data shows that the U.S. convenience-store...

Retailer’s latest test replacing fuel kiosks with food-focused c-stores
Sites offer fuel, expanded food, beverages, more
Seller exits retail, retains wholesale distribution business
Sells convenience stores to diversified energy company
Company will review all bids before divesting any assets
Company delivers on 2016 goal
Separation on table as Marathon conducts ‘full and thorough’ review of retail network’s value