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CoStar: More closings than openings in 2008; predicts same for 2009

BETHESDA, Md.-- Major U.S. retailers closed nearly 7,000 stores while opening approximately 5,700 new locations in 2008, resulting in a net loss of more than 1,000 stores for the year, according to research compiled by real-estate information company CoStar Group Inc. Although not unexpected, the...

Open Pantry institutes health procedures; FMI cancels events

PLEASANT PRAIRIE, Wis. -- Open Pantry Food Marts of Wisconsin Inc., because of the swine flu (H1N1) situation, has instituted a program effective immediately in all of its locations out of "concerned for the health and welfare of both our employees and customers," said Jim Schutz, vice president of...

More details, opinions shed light on unusual convenience retail deal; questions remain

LAVAL, Quebec -- This week's transaction between two convenience store heavyweights is stirring widespread speculation, while the companies remain relatively mum about many of the specifics. With the acquisition of 43 Exxon Mobil Corp. On the Run stores in the Greater Phoenix market, coupled with...

Retailer acquires 43 ExxonMobil stores, franchise agreements for 400-plus U.S. sites
Susser Holdings converting former Town & Country sites to Mexican-food offer
Cumberland Farms president seeks to redefine chain, stay ahead of competition
Champion of the company's acquisition strategy to bow out at end of September.
Congress, White House looking at credit-card practices; industry urges fee reform
Top execs resign as Titan prepares for sale of Kansas retailer, wholesaler
Major Oil dominates top 10 in Fortune 500 ranking