Convenience Stores

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.

Goodlettsville, Tenn. — Dollar General announced Thursday that David Tehle, executive VP and CFO, will retire from Dollar General effective July 1, 2015. The retailer has started a search for a successor and will consider both internal and external candidates for the job.

Walmart Executive Vice President of Global Customer Insights and Analytics Cindy Davis has been confirmed as a featured speaker for IRI’s upcoming Summit.

Bentonville, Ark. – Wal-Mart Stores Inc. has integrated the Visa ReadyLink instant fund service into its Rapid Reload network of prepaid card programs. Now Visa reloadable prepaid cardholders can add funds to their general purpose reloadable (GPR) cards at participating Wal-Mart stores.

Sprouts Farmers Market is hoping Nascar fans will be racing to its stores after the Phoenix-based retailer signed on for a major sponsorship.

The 200-unit retailer of fresh, natural and organic foods will be the primary sponsor of Cole Whitt’s number 35 Ford Fusion when the green flag drops at this weekend’s CampingWorld.com 500 at the Phoenix International Raceway. According to Sprouts, the 23-year-old Whitt is an Arizona native committed to living a healthy lifestyle. Sprouts also operates more than 20 stores in and around Phoenix.

New York -- Walgreens Boots Alliance may soon be on the hunt for its next acquisition target in the United States, Stefano Pessina, executive vice chairman and acting CEO Walgreens Boots Alliance, told attendees of the Retail Week Live conference here on Thursday, according to a Reuters report.

Franklin, Tenn. - Worldwide mobile POS shipments grew by 77.4% in 2014 and this growth rate is maintaining its pace in 2015. According to new research from IHL Group, specialty stores still dominate the use of mobile POS worldwide, receiving 58% of total shipments in 2014.

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.