Gas Stations

San Antonio – Convenience and fuel store operator CST Brands Inc. was not able to rev up profits and sales to Wall Street expectations in the second quarter of fiscal 2015. Increased total operating expenses helped drive net income down 22% to $25 million from $32 million a year earlier.

Operating revenues also fell 22%, to $2.55 million from $3.26 million. Lower per gallon selling prices for both the U.S. and Canadian retail segments, as well as a weaker Canadian dollar, negatively impacted revenues. 

Things really aren't as bad as they seemed a few weeks ago for Costco, which just reported a sizable increase in same store sales for July.

Asheville, N.C. – Profit stayed essentially flat at Ingles Markets Inc. for the third quarter of fiscal 2015. Ingles reported net income of $13.78 million, compared to $13.83 million the same quarter the prior fiscal year.

Lower interest and income tax expenses helped Ingles keep profits steady in the face of net sales declining 3% to $945.97 million, from $978.26 million. Declining gasoline prices negatively impacted sales.

Dallas - 7-Eleven Inc. is taking its business to Vietnam.

The company has signed a master franchise agreement with Seven System Vietnam Co. Ltd. to develop and operate 7-Eleven stores in Vietnam, with the first stores expected to open in 2017. Seven Systems plans to construct 7-Eleven stores, convert existing locations to the 7-Eleven brand supported by enhanced infrastructure, and eventually franchise operations to local businesspeople.

Louisville, Colo. – When it comes to filling their tanks, consumers are most satisfied by two retailers.

Wawa and Costco are the most satisfying gas station/convenience store and wholesale/grocery/big box retailers for fuel, respectively, according to a new survey of 6,935 U.S. consumers by Market Force Information.

Ankeny, Iowa - Casey’s General Stores Inc. is set to have its first new CEO in more than a quarter-century. After more than 26 years with the company, Robert J. Myers, chairman and CEO, will retire as CEO at the end of the 2016 fiscal year on April 30, 2016.

San Antonio, Texas - CST Brands Inc., through its CrossAmerica Partners LP wholly-owned subsidiary, has closed its previously announced acquisition of the Charleston, West Virginia-based One Stop convenience store network. CST is also moving 29 recently constructed stores into its wholly-owned CrossAmerica partnership via two “dropdown” transactions.

San Antonio, Texas — CST Brands Inc., through its CrossAmerica Partners LP wholly-owned subsidiary, has acquired the Charleston, West Virginia-based One Stop convenience store network. CST is also moving 29 recently constructed stores into its wholly-owned CrossAmerica partnership via two “dropdown” transactions.

New York — Walmart continues its building boom in Northwest Arkansas, opening a Neighborhood Market store just a few miles from the chain’s headquarters in Bentonville. During the past few years, company has added new Sam’s Clubs, Supercenters, a Walmart To Go convenience store, a grocery pick up facility and nearly 10 new Neighborhood Markets to the area.   While adding another new Neighborhood Market isn’t a huge deal, but the store’s location, its layout and some of the signing elements are noteworthy.

Walmart’s saturation of Northwest Arkansas with its Neighborhood Market format continued this week with the opening of a new location on north Walton Boulevard just a few miles from the retailer’s headquarters.