Large Chains

City of Commerce, Calif. - 99 Cents Only Stores has named Andrew Giancamilli, chairman of the company’s board of directors, as interim president and CEO, replacing Stéphane Gonthier, who has resigned.

Winston-Salem, N.C. - Krispy Kreme has signed development agreements to open 11 Krispy Kreme shops in Arkansas, Montana, Illinois and Kentucky in the next several years. An agreement with Dennis Porter,pPresident of DTL of the Emerald Coast, includes four additional shops to open in Arkansas.

Dollars Tree’s first quarter sales were less than expected, it is divesting more of the acquired Family Dollar stores than expected and closing the merger is taking longer than expected.

Boston – 7-Eleven Inc. has as agreed to acquire Tedeschi Food Shops Inc.'s approximately 182 convenience stores in the greater Boston area and in New Hampshire. The transaction is anticipated to close in mid-2015, subject to standard closing conditions and regulatory approvals.  

Terms of the deal were not disclosed. 7-Eleven expects to extend job offers to most Tedeschi Food Shops employees who are affected by this acquisition. Currently, 7-Eleven operates and franchises 164 stores in the greater Boston area and New Hampshire.

Canton, Mass. – Dunkin’ Donuts is recruiting franchisees to develop an estimated 10-plus new Dunkin' Donuts restaurants throughout Mobile, Alabama, and Biloxi and Jackson, Mississippi. In addition, a number of existing operating restaurants may be available for purchase.

Commerce, Calif. -- Smart & Final Stores Inc. reported earnings of $4.9 million in its first quarter, compared with a profit of $2.5 million last year. Revenue for the period ended March 22 rose 11.9% to $822.2 million. Same-store sales climbed 6.1%.

"The year is off to a strong start, with Smart & Final Stores delivering against our business plans and financial objectives," said Dave Hirz, president and CEO.

Oak Brook, Ill. – McDonald’s Corp., which recently reported a 33% year-over-year decline in profits for the first quarter of fiscal 2015, is revealing the first steps of its turnaround plan. Beginning July 1, 2015, McDonald's will operate under a new organizational structure with the following market segments:

• U.S.: The company's largest segment, accounting for more than 40% of the Company's 2014 operating income;

Houston - Sunoco L.P. has appointed Matthew S. Ramsey as chairman of the board. Ramsey succeeds Sam L. Susser, who has resigned from the board to pursue other new business interests.

Ramsey has served as a director of Sunoco L.P. since August 2014, serving as chair of the audit committee and serving on the compensation committee. Ramsey also serves as a director of Energy Transfer Equity L.P. and is chairman of the audit committee, as well as a member of the compensation committee.

Cincinnati – The Kroger Co. plans to build 11 new stores and remodel 22 existing stores in the Indianapolis area. Kroger will spend $464.6 million in a four-year plan that actually started in 2014.

The plan includes constructing seven 125,000-sq.-ft. Kroger Marketplace stores in Fishers, Franklin and Indianapolis counties. Those stores will cost $141 million and create 1,350 permanent jobs.

New York - RDG Capital Fund Management, a shareholder of TravelCenters of America, has engaged in what it calls “constructive dialogue” with TravelCenters CEO Tom O'Brien and other board members. RDG said the TravelCenters board has indicated a willingness to consider selling some company-owned real estate as a source of liquidity.