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Gas Stations

  • The Pantry announces debt refinancing

    Cary, N.C. -- The Pantry said Thursday that it is pursuing debt refinancing consisting of up to $480 million of senior secured credit facilities and $250 million aggregate principal amount of senior notes.

  • Out with the old, in with the new for Iowa Hy-Vee store

    URBANDALE, Iowa — Hy-Vee is opening a new store in Iowa that will include a casual dining spot called Market Fresh Grille that will become a full-service restaurant at 4 p.m., including trained servers and a menu that includes dishes created by the store's chefs and a selection of wines and craft beers.

    In order to make way for the store, the company is closing its current store in central Iowa in order to make way for a parking lot for the new store, set to open Aug. 14. The new store will include

  • Kroger expands Signature store format

    FORT WORTH, Texas — Kroger has opened a Signature store in the Fort Worth, Texas, market.

    The 100,000-sq.-ft. store, which includes a fuel center, places more emphasis on an interactive customer experience and offers more natural and organic foods, chef-prepared meal solutions and ethnic and gourmet food choices. Along with the fuel center, the new store features a pharmacy and offers a vast wine and beer selection. Kroger currently has 30 Signature stores in the Dallas-Fort Worth market.

  • Convenience store growth competitive quandary for Sam’s Club

    The nation’s convenience stores continued to grow last year creating a peculiar blend of competitive challenges and sales opportunities for Sam’s Club.

  • 7-Eleven completes acquisition of 18 Open Pantry stores

    Dallas -- 7-Eleven announced that it has completed a transaction to acquire 18 Open Pantry convenience store locations in Wisconsin, primarily in the greater Milwaukee and Madison markets. Terms of the deal were not disclosed.

  • Economic angst has CEOs on edge

    The purchasing power of Walmart shoppers is on the rise as gas prices come down and the improved spending outlook has the company’s share price setting new highs. What’s there to worry about?

    Plenty, according to a survey of top executives conducted by the Business Roundtable, an organization that represents companies who combined employ more than 14 million people and generate $6 trillion in annual sales. Member companies include the likes of Walmart, General Electric, AT&T, ExxonMobil and American Express.

  • Meijer joins EPA GreenChill Partnership

    GRAND RAPIDS, Mich. — Meijer recently joined the U.S. Environment Protection Agency's GreenChill Partnership. Created as a voluntary partnership, GreenChill members focus on reducing refrigerant emissions and decreasing their impact on the environment and ultimately people's health. By joining GreenChill, Meijer is pledging to meet higher standards that go beyond the regulatory requirements to protect the ozone layer and combat climate change.

  • Kroger delivers on customer strategy with strong Q1

    CINCINNATI — Fuel sales at Kroger helped drive the company's total sales up 5.8% to $29.1 billion in the first quarter of fiscal 2012 from $27.5 billion for the same period last year. Total sales, excluding fuel, increased 4.3% over the same period last year.

    Identical supermarket sales, without fuel, increased 4.2% in the first quarter over the same period last year, marking the 34 consecutive quarters of positive identical supermarket sales for Kroger.

  • 7-Eleven acquires 23 Texas c-stores; on target to open 630 stores in 2012

    Dallas -- 7-Eleven said Thursday it has completed its previously announced transaction with convenience store operator Strasburger Enterprises and has acquired 23 c-stores in Texas, mostly under the Quix banner.

    Terms of the deal, which brings 7-Eleven’s Texas store count to 570, weren’t disclosed.

  • Caseys Q4 profit up but misses Street

    Ankey, Ohio -- Casey's General Stores Inc. reported that its fiscal fourth-quarter profit fell short of expectations due to weak margins on gasoline sales.

    The convenience store operator said that it earned $23.1 million for the quarter that ended April 30, up from $22.8 million last year. Revenue increased 13% to $1.75 billion.

    Casey's said that its gas margins were down nearly two cents per gallon compared with last year. However, the company said it was able offset that with strong sales and margin gains inside its stores.

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