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7-Eleven completes purchase of 12 Fast Track stores
Dallas -- 7-Eleven announced that it has completed the purchase of 12 stores from Fast Track in Central North Carolina, including Winston-Salem. Terms of the agreement are not disclosed.
Remodeling of the units to transform them into 7-Eleven stores gets underway in late November and rebranding is expected to be complete by mid-February 2013.
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Dillard's sales jump in Q3
New York -- Dillard’s third quarter merchandise sales for the quarter ended Oct. 27 increased 4% to more than $1.4 billion, same-store sales increased 5% and operating profits increased 84% to nearly $73 million. Gross margins expanded 40 basis points to 37.1% and same-store inventory levels were down 1%.