Skip to main content

Independents

  • Retail sales ready to rise on cheap gas

    Shoppers are ready to spend this spring thanks to a precipitous decline in gas prices and an expectation that prices will stay low.

    A new study suggests that most Americans are optimistic about the economy, thanks to the continuing slide in gas prices. A survey of gas consumers found that 57% of Americans are optimistic, including nearly two-thirds (65%) of those ages 18-34.

  • Couche-Tard buys Pantry for $1.7 billion

    Cary, N.C. – Canadian convenience store conglomerate Alimentation Couche-Tard Inc., which operates stores under the Circle K banner in the U.S., has agreed to purchase The Pantry Inc., operator of the Kangaroo Express convenience/fuel chain, for $1.7 billion. Purchase price includes $861 million in cash and about $840 million in assumed debt.  

  • CST, CrossAmerica jointly buy 22 Timewise convenience stores

    San Antonio, Texas - CST Brands Inc and CrossAmerica Partners LP have agreed to jointly purchase 22 convenience stores in San Antonio and Austin, Texas from Landmark Industries, their third combined acquisition in less than three months. The 22 stores operate under the Timewise brand name and provide Shell-branded fuel.   

  • Report: The Pantry readies for sale

    Cary, N.C. – Things are hopping at convenience store/gas station chain The Pantry Inc. According to the Wall Street Journal, the operator of Kangaroo Express and other convenience store banners is preparing to sell itself and already took bids in an auction run by a private investment bank the week of Dec. 8.  

  • Store expansion Casey’s reveals $31.5 million tax error; plans 72-108 new stores

    Iowa – Casey’s General Stores Inc. will revise its financial statements for fiscal years 2012, 2013 and 2014 and the first quarter of fiscal year 2015, due to a $31.5 million error in how it accounted for excise tax on sales of ethanol fuel.  

  • Casey’s reveals $31.5 million tax error; plans 72-108 new stores

    Ankeny, Iowa – Casey’s General Stores Inc. will revise its financial statements for fiscal years 2012, 2013 and 2014 and the first quarter of fiscal year 2015, due to a $31.5 million error in how it accounted for excise tax on sales of ethanol fuel. The retailer also stated a fiscal 2015 goal of building or acquiring 72-108 new stores and replacing 25 existing stores.

  • Chelsea Bagel leases second Manhattan location

    New York City -- Chelsea Bagel, operating on West 14th Street for the past five years, has leased its second Manhattan location.  

  • CBRE arranges Plano retail center sale

    Dallas -- CBRE Capital Markets’ Retail Investment Properties team announced the sale of Towne Square Shopping Center in Plano, Texas. Dallas-based Norman J. Hoppenstein purchased the retail center from an undisclosed seller.  

  • PizzaRev plans 40-plus franchise stores in five new markets

    Los Angeles -- PizzaRev, a fast-casual build-your-own pizza concept, is adding five franchise groups to develop the brand throughout Denver, Washington D.C., Las Vegas, Long Island, New York and Columbus, Ohio. PizzaRev plans to open at least 40 franchise locations across the markets.   Beyond its 12 corporate locations in greater Los Angeles, PizzaRev currently operates franchise locations across four states.  

  • VeriFone announces integrated solution for c-stores and petroleum retailers

    Las Vegas -- VeriFone Systems announced RubyCi, an integrated site controller and point-of-sale (POS) solution designed to enable average-sized convenience stores and petroleum retailers to more efficiently manage their POS, payment and fueling systems and prepare their payments infrastructure for EMV. The new solution combines features of VeriFone’s Ruby2 POS system and Commander Site Controller.   
X
This ad will auto-close in 10 seconds