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Convenience Stores

  • RetailNext: Holiday sales expected to climb only 2.8%

    A sluggish economic recovery will prevent sales from rising more than 2.8% this holiday season, according to analytics firm RetailNext.

    Last week, the National Retail Federation estimated a 3.7% increase in holiday sales, slightly less than last year. Deloitte also called for a 3.5% to 4% increase. This week the International Council of Shopping Centers predicted a 3.3% increase.

    RetailNext's forecast for U.S. retail stores this holiday season (November – December) includes:

  • DlC Management Corp. announces September leasing deals

    Tarrytown, N.Y. -- DLC Management Corporation announced the company signed 27,684 sq. ft. of new leases in September across five states: Georgia, Illinois, Kentucky, Ohio and Pennsylvania.

    The leases include tenants Carter’s, Creations Barber Shop, Five Below, Great Clips, Jude’s Carryout, Lucky Duck, Nail Bless, New Dragon Restaurant, Quick-N-Clean Cleaners and The Village Bar & Restaurant, ranging from 972 sq. ft. to 8,000 sq. ft.

  • Uber is growing its delivery presence

    The literal meaning of Uber in German is “above,” and Uber is trying to stay on top of on-demand delivery.

    Uber is expanding its pilot of an on-demand delivery service called UberRush to Chicago and San Francisco. UberRush, which uses Uber drivers to deliver merchandise, has been offered in New York City for about two years.

  • Couche-Tard CFO resigns; company to buy 18 stores in Texas

    One of the world’s largest C-store operators is searching for a new CFO as the company expands its reach in the southern United States with a deal to buy 18 convenience stores operating under the Texas Star brand.

    Alimentation Couche-Tard Inc. announced that Vice President and Chief Financial Officer Raymond Paré has resigned. It also announced a deal to acquire 18 convenience stores in the Souhwest, which will be converted to the Circle K brand and will continue to sell Shell and CITGO-branded fuel. The deal is expected to close by next April.

  • Couche-Tard to buy 18 stores in Texas as CFO suddenly resigns

    One of the world’s largest C-store operators is searching for a new CFO as the company expands its reach in the southern United States with a deal to buy 18 convenience stores operating under the Texas Star brand.

    Alimentation Couche-Tard Inc. announced that Vice President and Chief Financial Officer Raymond Paré has resigned. It also announced a deal to acquire 18 convenience stores in the Souhwest, which will be converted to the Circle K brand and will continue to sell Shell and CITGO-branded fuel. The deal is expected to close by next April.

  • Instacart moves into ingredients

    Instacart is taking a step beyond partnering with specific retailers to provide same-day grocery deliveries.

    The online delivery platform is partnering with food-focused social network Allrecipes to deliver fresh ingredients from Allrecipes’ highest-rated, most popular recipes on-demand. With the click of a button, consumers can add all necessary ingredients from Allrecipes meals and have them delivered straight to their doorstep in as little as one hour.

  • Dollar Tree takes Deals in new direction

    The Deals stores Dollar Tree acquired nearly a decade ago never turned into a meaningful growth vehicle for the company and soon the banner will disappear.

    Dollar Tree said of the 222 Deals stores it operates, 217 will be converted to Dollar Tree stores and five others will become Family Dollar stores. Dollar Tree acquired Family Dollar earlier this year giving it a network of nearly 14,000 stores throughout the U.S. and Canada.

  • Report: Whole Foods Market invests in sandwich chain

    Whole Foods Market has made a minority investment in a fast-growing California restaurant chain, according to Nation's Restaurant News.

    As part of the deal, Whole Foods plans to test the opening of Mendocino Farms outlets in select Whole Foods store locations, the report said.

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