Large Chains

An ongoing senior leadership transformation at 99 Cents Only stores has put a former Kmart executive in the role of interim CEO and now the company has named a former Walmart executive as interim CFO for the second time.

Less than a month after Andy Giancamilli was named interim president and CEO, 99 Cents only named Michael Fung to the role of CFO. Both men served on the company’s board of directors with Giancamilli in the role as chairman.

Seattle – Starbucks Corp. putting its money where its mouth is in terms of ethical and sustainable sourcing. Starbucks is making a new commitment to contribute $30 million in the next five years as part of its Global Farmer Fund program that aids sustainable farming operations.

Montvale, N.J. -- The Great Atlantic & Pacific Tea Co. is actively shopping 137 of its stores, including 10 Food Emporium locations in New York City, according to the New York Post.  

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The Great Atlantic & Pacific Tea Co. is actively shopping 137 of its stores, including 10 Food Emporium locations in New York City, according to the New York Post.

A&P, which emerged from bankruptcy protection in 2012, told The Record newspaper on June 16 that the company continues to weigh its options and that it is exploring strategic alternatives.

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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.

Goodlettsville, Tenn. - Jeff Owen will rejoin Dollar General Corp. as executive VP of store operations effective June 15. Owen previously spent more than 20 years with Dollar General, where his most recent role was senior VP of store operations.

Dollar General also announced that Greg Sparks, executive VP of store operations, has departed effective June 9, 2015.

Ankeny, Iowa – Casey’s General Store beat Wall Street expectations for profit and revenue during the fourth quarter of fiscal 2015. Net income roughly doubled to $41.34 million from $20.94 million, fueled by a drop in cost of goods sold.

Total revenue fell 14% to $1.65 billion from $1.92 billion, but still exceed analyst estimates.

During fiscal 2016, Casey’s plans to build or acquire 75 to 113 stores, replace 10 existing locations and complete 100 major remodels.

State College, Pa. - Consumers are spending 5% less time in supermarkets, compared to the previous year. Concurrently, the sixth annual C-Store MegaStudy from VideoMining Corp. found that shoppers' time in convenience stores increased 6% from the previous year.

VideoMining integrates behavioral data with a range of other data sources, including transaction data and exit interviews. In the C-Store MegaStudy, for example, this integration showed a correlation between time in store and average dollar basket size, which grew by 9%.

Dallas -- 7-Eleven’s first-ever U.S. airport terminal location has opened at Los Angeles' International Airport. The 950-sq.-ft. store is in the pre-security arrivals level of the Tom Bradley International Terminal.

The store carries a mix of fresh and hot foods, beverages, snacks, travel-size personal care products and nonfood items.

The Kroger Co. has named Fred Morganthall, currently president of Harris Teeter Supermarkets, as senior vice president of retail divisions for the Kroger Co.

Rod Antolock, currently Harris Teeter's executive vice president, has been named president of Harris Teeter.