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Convenience Stores

  • New owner hopes to keep 70 Gander Mountain stores open

    Things may not be bad as they first looked for Gander Mountain Company.   Although there is a banner on the bankrupt company’s website announcing that all of its stores are going out of business, its new owner says that’s not exactly the case.  

  • Walgreens, Rite Aid deal inches closer to resolution — one way or the other

    Walgreens Boots Alliance has set in motion a mechanism that will result in the Federal Trade Commission having  60 days to either clear its $9.7 billion acquisition of Rite Aid or sue to block it,   Walgreens and Rite Aid Corp. announced late Monday afternoon that they have “certified substantial compliance” with the second request from the FTC regarding their proposed merger.   

  • Retail real estate’s wunderkind buys another center

    Four more and he’ll match his age.   Twenty-four-year old Joel J. Gorjian, a VP at Great Neck, New York-based Namdar Realty Group, has made his 20th retail center purchase in the past 12 months, this time a mall in suburban Chicago.  

  • Walmart shadow center breaks ground in North Carolina

    Maus, Warwick, Matthews & Company have released the names of the first six tenants for a Walmart-shadowed center in Leland, North Carolina, just outside of Wilmington.   Petsense, Cricket Wireless, Miyabi Junior Express Japanese Hibachi, Complete Coastal Dentistry, Charlie Graingers barbecue, and Ganey, Byrd & Dunn Insurance will be the first to inhabit Westgate Marketplace. The 31,600-sq.-ft. center is 50% leased.  

  • Beauty retailer gains tighter control of leases

    Controlling physical assets — and adhering to compliance requirements — can become daunting as chains grow.   To streamline the process, Sephora is adding lease management software from Accurent. Specifically, the software will enable the beauty giant to manage leases for more than 400 locations in the United States, Canada and Puerto Rico.  

  • Study: Associates complain they can’t access necessary info

    Despite retailer efforts to deliver information, store employees still struggle to access the information needed to complete tasks.    In fact, 75% of decision makers said their employees frequently ask about procedures that are documented, and 73% indicated that critical information is scattered across many disparate locations.  

  • CVS profit declines but still beats Street

    CVS Health Corp. reported lower profit in its first quarter amid pressure by more generic drugs and softer customer traffic.    Net income for the three months ended March 31 decreased 16.9% year over year to $953 million. CVS said the decline was primarily driven by the decline in operating profit, partially offset by lower interest expense of $31 million related to refinancing activity in the prior year as well as the improvement in the effective income tax rate, from 39.4% to 37.3%.    

  • Sheetz on hiring spree

    A fast-growing convenience store operator has announced a major hiring initiative.   Sheetz said it is looking to hire more than 3,400 employees companywide. The hiring initiative aims to increase Sheetz's total employee count and number of full-time positions by creating and filling jobs at stores throughout Pennsylvania, West Virginia, Virginia, Maryland, Ohio and North Carolina.   
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