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Convenience Stores

  • Jelly Belly goes All American

    Jelly Belly Candy Co. will celebrate its American heritage with the introduction of two new patriotic bags of Jelly Belly jelly beans.

    The All American mix, which consists of Very Cherry (red), Coconut (white) and Blueberry (blue), is now available in a 3.5-oz. bag that features Mr. Jelly Belly waving the American flag. The 3.5-oz bag of Very Cherry — the top-selling jelly bean flavor, according to the company — now features an updated design with a white gingham pattern and a graphic of ripe cherries that bring to mind summer picnics.

  • Supervalu’s Sales joins Toys “R” Us board

    Former Supervalu and Canadian Tire executive Wayne Sales was named to the board of directors at Toys “R” Us to fill a position vacated by Michael Calbert.

    Calbert had served on the Toys “R” Us board since 2005 and the company noted his departure did not involve any disagreement. Calbert also serves on the board of Dollar General and earlier this year resigned from KKR & Co.

  • Leslie's Poolmart opening 20 stores this week

    Phoenix -- Leslie's Poolmart, Inc. said it will grand-open 20 retail locations throughout the U.S. on April 25; stores will open in Alabama, Illinois, Indiana, Louisiana, Maryland, Missouri, Mississippi, North Carolina, New York, Ohio, Oklahoma, Pennsylvania, Tennessee, Texas, and Virginia.

    In total, Leslie's plans to open 45 new stores this year, between April and May of 2014.

     

  • Cabela's sees profit plummet by half in first quarter

    Sidney, Neb. -- With last year’s strong first quarter fueled by a firearms and ammunition sales surge, outdoor retailer Cabela’s Inc. saw this year’s quarter end on a less stellar note.

    Revenue in the first quarter fell 9.6% to $725.8 million; retail store revenue decreased 9.4% to $440.9 million. Same-store sales plunged 21.7%, compared to the same period last year.

    Net income was $25.7 million, compared to $49.8 million in the year-ago quarter.

  • Safeway swings to Q1 loss; expects merger in Q4

    Pleasanton, Calif. – Safeway reported a net loss of $76.5 million in the first quarter of fiscal 2014, compared to net earnings of $118.9 million in the same period a year earlier. The company is working toward closing its $9.4 billion merger with Albertson’s by the fourth quarter of the current fiscal year.

  • Additions to Supervalu board

    Supervalu has elected Frank (Terry) Savage and Mathew Pendo to its board of directors.

    Savage and Pendo were both appointed to the board as designees of Symphony Investors, a Cerberus Capital Management-led investor consortium, under the terms of the tender offer agreement entered into with Symphony Investors and Cerberus in connection with Supervalu’s sale of five banners to an affiliate of Symphony Investors. Symphony Investors owns approximately 20.9% of Supervalu’s outstanding common stock.

  • Hurricane Grill & Wings to add 22 units in 2014-2015

    West Palm Beach, Fla. -- Wing chain Hurricane Grill & Wings has signed five multi-unit development agreements, representing 22 new locations slated to open in 2014-2015.

    The Florida-based franchised brand opened two locations in early 2014, with plans for a total of 14 new units by the end of this year.

  • FedEx to expand Canadian retail presence

    Mississauga, Canada - Federal Express Canada Ltd. has reached an agreement with Home Hardware Stores Ltd. that allows individual dealer-owners the ability to house full-service FedEx Authorized ShipCenters within their stores. The FedEx Authorized ShipCenters will be rolled out across Canada in a series of implementation waves throughout the year.

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