Independents

Alimentation Couche-Tard Inc. is reportedly nearing a deal that would increase the ongoing consolidation in the convenience-store industry.   The Canadian convenience-store giant is in the lead to acquire CST Brands Inc., the Wall Street Journal reported.   CST, based in San Antonio, Texas, is a fuel and convenience-store chain with more than 1,000 stores in the southwestern U.S., New York and eastern Canada.   

Dollar General continues to expand its store portfolio at a rapid pace.   The discounter on Monday opened its 13,000th store, in Birmingham, Alabama. The company operates approximately 675 stores in Alabama.    The new store is one of the planned 900 new stores Dollar General expects to open in 2016.

Glen Valley Center’s taxable value had fallen to $776,221 since 2013, and the foreclosed, 35,775-sq.-ft. strip center in Caledonia, Michigan, had been the property of Wells Fargo Bank since 2007. So why did the bank walk away with $2.3 million for the center after a bidding war erupted among six buyers?   “We have a huge lack of product for investors to put their money in," explained Mark Ansara to mlive.com, which recently ran a report on the sale consummated at the end of June.  

Durham, North Carolina-based conglomerate The Guess Corp. is seeking to acquire at least 1,000 U.S. convenience store/ gas station units in the next 12 months.   Working through a subsidiary, the company is looking to acquire an average of 100 branded and unbranded units per month. Upon completion of the purchases, Guess Corp. intends to re-brand and renovate the properties with innovative and sleek designs and provide enhanced CRM technology. The company has invited brokers to provide buyer representation with higher commissions.

Sheetz is opening four stores in four different states.   The family-owned convenience store chain announced four new locations: Morgantown, West Virginia; Morrisville, North Carolina; St. Clairsville, Ohio; and Bethel, Pennsylvania. All will open by July, 7.  

The U.S. Department of Agriculture is considering new regulations that could it make it difficult for smaller stores to accept food stamps.  

Launched in 2013, Drizly facilitates the sale and delivery of alcoholic beverages online. Chain Store Age recently visited the company’s Boston-based headquarters and spoke with Nick Rellas, co-founder and CEO, about Drizly’s business model and the evolution of e-commerce.   What made you decide to enable the online sale and delivery of liquor?

Brookshire Grocery Co. is expanding with a new neighborhood format.    The Tyler, Texas-based supermarket operator will open 26 locations this summer under its new Spring Market banner. The stores will be on the sites of former Walmart Express stores that Brookshire is in the process of acquiring. (The acquisition is scheduled to close in July.) The locations range from southern Louisiana to west Texas.  

Casey’s General Stores Inc. reported increased net income and decreased revenue during the fourth quarter of fiscal 2016.

The retailer also said it plans to build or acquire 77 to 116 new stores, among other goals for fiscal 2017.

In the fourth quarter, Casey’s reported net income of $47.04 million, up 14% from $41.34 million the same period the prior year. Total revenue fell 4% to $1.58 billion, from $1.65 billion. A significant reduction in cost of goods sold offset increases in operating and other expenses, resulting in higher profits.

Sheetz is putting the “help wanted” sign out.