Finance & Capital Management

One of the world’s largest C-store operators is searching for a new CFO as the company expands its reach in the southern United States with a deal to buy 18 convenience stores operating under the Texas Star brand.

Alimentation Couche-Tard Inc. announced that Vice President and Chief Financial Officer Raymond Paré has resigned. It also announced a deal to acquire 18 convenience stores in the Souhwest, which will be converted to the Circle K brand and will continue to sell Shell and CITGO-branded fuel. The deal is expected to close by next April.

Eight start-up companies comprising the inaugural class of the newly formed XRC Labs accelerator are looking to have a big impact on the retail industry.

New York-based XRC Labs unveiled the inaugural class of start-up companies participating in its 10-week accelerator program Tuesday evening, Oct. 13 at an event near its headquarters at the Parsons Schools of Design.

One of the world’s largest C-store operators is searching for a new CFO as the company expands its reach in the southern United States with a deal to buy 18 convenience stores operating under the Texas Star brand.

Alimentation Couche-Tard Inc. announced that Vice President and Chief Financial Officer Raymond Paré has resigned. It also announced a deal to acquire 18 convenience stores in the Souhwest, which will be converted to the Circle K brand and will continue to sell Shell and CITGO-branded fuel. The deal is expected to close by next April.

The world’s largest retailer plans to grow sales by $45 billion to $60 billion in the next three years and spend $20 billion buying back its own shares.

The growth targets, stock buyback program and an $11 billion capital expenditure program, down from $12.4 billion this year, were announced Wednesday morning in New York at the retailer’s annual fall investor conference.

Food Lion has rolled out its “Easy Fresh and Affordable” branding campaign to its 162 stores in the Raleigh, North Carolina market. The $250 million initiative included full store remodels, price investments and training of associates.

Downtown Los Angeles is in the middle of a profound revitalization, one that is bringing new energy to a sprawling area that had long been written off as a cultural wasteland — and ghost town after 5 p.m. New residential construction has brought an influx of new residents into the area, with retailers and restaurants rushing in to meet the new demands.

The Deals stores Dollar Tree acquired nearly a decade ago never turned into a meaningful growth vehicle for the company and soon the banner will disappear.

Dollar Tree said of the 222 Deals stores it operates, 217 will be converted to Dollar Tree stores and five others will become Family Dollar stores. Dollar Tree acquired Family Dollar earlier this year giving it a network of nearly 14,000 stores throughout the U.S. and Canada.

Could American Apparel founder and ousted CEO Dov Charney thwart the chain’s Chapter 11 filing? "Any CEO who has built a company from scratch -- which has become a sizable globally known enterprise that is nearly synonymous with the CEO himself and his personality -- is going to be able to cause some sort of disruption in the bankruptcy court," said Matt Covington, a managing director at Conway MacKenzie, a financial consulting firm that specializes in bankruptcy transactions, in a report by the Los Angeles Times.