WOODBRIDGE, Ont. -- Gateway Newstands said that it has acquired the assets of the Convenience Store Group. Effective Jan. 1, 2007, through its wholly owned division, Gateway on the Go will administer the merchandising and promotional activities of the 140 member stores.
Also effective January 1, the Convenience Store Group of stores will benefit from the existing relationships developed by the 500 Gateway Newstand stores.
Bill Reid and Steve MacFarlane, formerly of the Convenience Store Group, will be retained as consultants for [image-nocss] the development of the Gateway on the Go convenience business reporting to CEO Michael Aychental.
Aychental is targeting an additional 400 new associate member stores nationally in its Convenience Store Division over the next several years.
Woodbridge, Ont.-based Gateway Newstands is a 650-store international chain of newsstand/convenience stores comprised of prime locations in high-traffic transit, shopping centers, office towers and strategically located neighborhood convenience stores. It has locations in eight Canadian provinces with dominance in Ontario; it is the exclusive newsstand retailer for the Toronto Transit Commission (TTC); it has more than 100 U.S. locations with concentration in New York and Chicago, including 16 locations in the Chicago Transit Authority (CTA).
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