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Convenience Stores

  • Safeway and Albertsons officially merged

    It's the end of an era for Safeway and Albertsons, as the companies announced they have completed their merger, ending a nearly year-long process that began in 2014.

    AB Acquisition LLC, the owner of Albertson's and New Albertson's, Inc., will acquire all outstanding shares of Safeway. The merger will create a diversified network that includes 2,230 stores, 27 distribution facilities and 19 manufacturing plants with more than 250,000 employees across 34 states and the District of Columbia.

  • NRF disappointed in Supreme Court refusal to review swipe fees

    Washington, D.C. - The National Retail Federation (NRF) has publicly expressed disappointment at the U.S. Supreme Court’s announcement that it would not review an appellate court ruling on whether the Federal Reserve set a 2011 cap on debit card swipe fees higher than the level sought by Congress in legislation passed the year before.

  • Top execs from Target, Walgreens, Cabela’s join RILA board

    New York -- The Retail Industry Leaders Association announced that top executives from Target, Walgreens and Cabela’s have joined the association’s board of directors.

    RILA announced four new members of its board, including Target chairman and CEO Brian Cornell, Walgreens president Alexander Gourlay, Cabela’s president and CEO Thomas Millner and Newell Rubbermaid president and CEO Michael Polk.

  • RILA adds more firepower to board

    (L-R) Target's Brian Cornell and Walgreens' Alexander Gourlay

  • Paster Properties renovating Northway Center

    St. Paul, Minn. -- Paster Properties announced that Northway Center is undergoing major interior and exterior renovations, scheduled to be completed summer 2015. The 92,197-sq.-ft. center is located in Lexington, Minnesota.

  • Report: RadioShack may sell store leases to Sprint

    Fort Worth, Texas – RadioShack Corp. is reportedly negotiating with Sprint to sell some of its store leases to the wireless carrier. According to Bloomberg, Sprint executives said the company is planning to expand its store count through acquisitions at an investor conference last week.

  • Retail sales expected to rise 4.5% in 2015, according to Kantar Retail

    New York -- The outlook for the retail industry looks bright, with lower prices at the pump and decreasing unemployment boding well for consumer spending. Retail sales are expected to rise 4.5% in 2015, which is about one percentage point stronger than 2014 growth, according to a report by Kantar Retail, whose analysis excludes automobile dealers, and gas and food service.

  • Operation ‘FuelCall’ underway at AAFES installations

    The Army & Air Force Exchange Service is making it easier for disabled veterans to buy gas at 370 of its stores worldwide thanks to a full-service initiative called FuelCall.

  • Dollar General still fighting for Family Dollar

    GOODLETTSVILLE, Tenn. — Dollar General is still fighting to acquire Family Dollar, the retailer stated on Thursday, noting that it is in ongoing discussions with the Federal Trade Commission. "The FTC has reached no final conclusion regarding the number of divestitures that would be required by a Dollar General/Family Dollar combination," Dollar General stated. "Dollar General has also had discussions with various potential buyers who have expressed interest in acquiring stores that may be required to be divested."
  • Dollar General threatens lawsuit in Family Dollar bid

    Dollar General issued a statement Thursday indicating the company is having trouble winning support from the Federal Trade Commission on a $9.1 billion bid for Family Dollar Stores.

    Dollar General said it would “defend litigation” if necessary.

    The statement could give new momentum to Dollar Tree's $8.5 billion cash and stock competing bid for Family Dollar. Meanwhile, two proxy investment firms have switched their recommendation for Family Dollar shareholders to accept the Dollar Tree offer, rather than the bid from Dollar General.

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