Large Chains

Fresh & Easy plans to close 55 stores, which would leave the chain with about 110 locations, the Orange Country Register<span style="color: rgb(54, 54, 54); font-

Commerce Calif. -- Value-oriented food retailer Smart & Final Stores Inc. plans to accelerate its expansion after posting double-digit sales growth in the fourth quarter.

Columbus, Ohio - The Kroger Co. has named Joe Grieshaber, who has served as president of the Dillons banner since 2010, as president of Kroger's Columbus division. Grieshaber replaces Bruce Macaulay, who is retiring after 42 years with Kroger.

Atlanta - Arby's Restaurant Group Inc. (ARG) is promoting John Bowie, senior VP of operations, to COO, reporting to Paul Brown, CEO. The promotion was announced as George Condos, ARG president and COO, announced his retirement.  

Bowie will assume responsibilities as COO on March 30, at which point Condos will continue on through the end of the year as a consultant for Arby's.

CST Brands is celebrating the grand opening of a new distribution center that aims to fuel its ambitious expansion plan in Texas.

The new 365,000-square-foot warehouse will serve as the main distribution hub for food and merchandise for about 600 Corner Store locations across Texas.

Laval, Canada - Alimentation Couche-Tard Inc. is purchasing 21 stores, 151 dealer fuel supply agreements and five development properties through its Circle K Stores Inc. subsidiary from Cinco J Inc. The 21 stores and development properties are located in Texas, while the 151 dealer fuel supply agreements are located in the Texas, Mississippi and Louisiana.

Pleasanton, Calif. – Safeway Inc. is reportedly selling three shopping center it owns in Hawaii. According to Pacific Business News, Carlsbad, California-based Terramar Retail Centers is paying about $156 million for the centers.

Two of the centers are anchored by a Safeway – the 23-acre Hokulei Village in Lihue on Kauai for $52.25 million, and the 12-acre Lahaina Cannery Shops on Maui for about $60.3 million. Terramar is also paying $43.4 million for the 24.5-acre Target-anchored Puunene Shopping Center on Maui.

Westlake, Ohio – Rising fuel gross margins and a non-recurring litigation settlement helped Travel Centers of America Inc. (TA) roughly triple its net income to $34.34 million in the fourth quarter of fiscal 2014, from $11.97 million in the fourth quarter of the previous fiscal year. Revenues dipped 9% to $1.72 billion, from $1.9 billion.

Cary, N.C. - The Pantry Inc. has announced the expiration of the waiting period under the U.S. Hart-Scott-Rondino Act for to the proposed merger between The Pantry and a U.S. subsidiary of Alimentation Couche-Tard Inc. Pantry stockholders approved the merger agreement at a special meeting on March 10.

Phoenix – PetSmart on Wednesday named industry veteran Michael J. Massey as its president and CEO, effective immediately. Massey, who most recently served as CEO and president of Collective Brands Inc., replaces David Lenhardt, who stepped down upon the closing of private equity firm BC Partners’s acquisition of the pet supplies retailer.  Also, BC Partners managing partner Raymond Svider has been appointed non-executive chairman.