Convenience Stores

REITs: A Smart Move for Retailers?
A red-hot real estate market and sky-high property values have some retailers, including Macy’s and more recently, McDonalds, feeling the pressure to cash in on the value of their real estate assets. How? By spinning off store properties and/or land assets into a REIT and entering into a lease-back deal.
Report: Florida Walmart stores to serve up fast-food formats
Bentonville, Ark. – Five Walmart stores in central Florida are reportedly getting ready to serve the needs of hungry customers.

Kroger’s winning ways continue in Q2

Cincinnati -- For almost 12 years, Kroger has reported same-store sales growth every quarter. And they did it again Friday.

The supermarket giant reported net earnings of $433 million, or $0.44 per diluted share, and identical supermarket sales growth, without fuel, of 5.3% in the second quarter of fiscal 2015.
Kroger bags another impressive quarter of growth

For nearly 12 years, Kroger has reported sames-store sales growth every quarter. And they did it again Friday when they reported a jump in sales, as well as an increase in profit for the second quarter.
Rite Aid gives $1.3M toward educating children of vets

Rite Aid associates plan to honor 274 students who have been named recipients of Folds of Honor educational scholarships provided by the Rite Aid Foundation’s KidCents program.
Kroger makes four big senior leadership changes

Cincinnati — Kroger on Thursday announced the appointment of four executive VPs to lead key lines of business.
Circle K vet joins Andronico’s as CFO

Berkeley, Calif. - Cheryl Hughes has joined Andronico’s Community Markets as CFO. Recently appointed CEO Suzy Monford leads the all-female team.

Hughes formerly held the role of controller for Chemoil, a global oil trading organization. Prior to this role she was CFO at Pacific Convenience & Fuels based in Pleasanton. Her career in food and retail dates back to her 15-year stint as director of U.S. Finance with Circle K Stores Inc.
Corner Bakery Café expands in Pittsburgh

Dallas -- Corner Bakery Café is expanding in Pennsylvania with the addition of eight stores throughout northern Pittsburgh. A group of franchisees with extensive real estate and retail experience is opening the new stores.

Corner Bakery Café is also targeting southern Pittsburgh for franchise growth. The retailer has more than 190 company-owned and franchise stores currently open, and franchise agreements representing commitments for 398 units.
Sam's Club lobs another salvo at Costco

In the latest move in its battle against Costco, Sam's Club is going to start accepting the very form of payment that Costco rebuffed earlier this year.
Kroger names 4 new key executives

Kroger on Thursday announced the appointment of four EVPs to lead key lines of business.
C-store chain controls costs for profit growth

Ankeny, Iowa – Cost controls helped Casey’s General Stores Inc. boost profit even as revenue fell in its first quarter.

Net earnings grew 23% to $61.8 million from $50.1 million, driven by a significant decline in cost of goods sold.

Total revenue dropped 10% to $2.05 billion, from $2.29 billion. Fuel price volatility negatively impacted revenue results.

Casey’s annual goal is to build or acquire 75 to 113 stores, replace 10 existing locations and perform major remodels on 100 existing locations.
PetSmart bringing same-day delivery to Midwest

Shoppers who are out of pet food won't have to go very far for a refill, if PetSmart's new partnership with Google has any say about it.

The retailer announced it has teamed with Google Express to provide overnight service in Chicagoland and a five-state Midwest region (120-mile radius from Chicago) in Illinois, Indiana, Wisconsin, Michigan and Ohio serving 25 million people.