Skip to main content

Convenience Stores

  • GNC focuses on expansion following Q4 results

    Despite a challenging retail environment, GNC performed well during the fourth quarter and fiscal year 2013, generating what chairman, president and CEO Joe Fortunato described as solid top and bottom line growth.

    For the quarter, net income slightly rose to $47.7 million from $47.4 million in the same period the prior year.

  • GNC has strong Q4; will enter Russia

    Pittsburgh — GNC Holdings Inc. reported positive financial performance during the fourth quarter and fiscal year 2013. For the quarter, net income slightly rose to $47.7 million from $47.4 million in the same period the prior year.

    In addition, the chain reported consolidated revenue of $613.7 million for the quarter, an increase of 8.6% from $565 million from the year-ago period. Same-store sales increased 5% in domestic corporate stores and 3.3% in domestic franchise stores.

  • Gourmet Garage to sixth Manhattan location

    New York City — Gourmet Garage, an upscale market with five Manhattan locations, has signed a lease for a sixth Manhattan location at Collect Pond House, a co-op building at 366 Broadway.

    The market will occupy approximately 6,435 sq. ft. on the ground floor and 3,510 sq. ft. in the lower level. An additional 910 sq. ft. in the mezzanine will provide seating.

  • Cabela’s plans three new stores in new markets, 23 total new stores

    Sidney, Neb. — Cabela’s Inc. plans to enter three new markets in 2015 and 2016. The retailer will open new stores in Ammon, Idaho; Short Pump, Va.; and Fort Oglethorpe, Ga.

  • Wal-Mart halts India expansion

    Bentonville, Ark. — Wal-Mart is reportedly halting its Indian expansion plans, at least for now. According to the Financial Times, Wal-Mart has not opened any new cash-and-carry stores in India since October 2013 or any new convenience stores there since November 2013.

  • First Data: Spending down in January as winter weather takes toll

    Atlanta -- Consumer spending growth declined from December to January, but remained relatively healthy at 2.5%, according to First Data’s January 2014 SpendTrend report. SpendTrend tracks same-store point-of-sale data by credit, signature debit, PIN debit, EBT, closed-loop prepaid cards and checks from nearly four million U.S. merchant locations serviced by First Data. The report cited the severe winter weather that pummeled the Midwest and eastern half of the country as a factor in the decline.

  • E-cig manufacturer says never mind the vapors

    With usage of electronic cigarettes on the rise, a new study by e-cig manufacturer Mistic contends the majority of Americans are not opposed to second hand vapor.
     

  • Casey’s General Stores to acquire 24 Stop-n-Go locations

    Ankeny, Iowa -- Casey’s General Stores announced that it has signed an agreement to acquire 24 Stop-n-Go locations. Twenty of the stores are located in North Dakota and four are located in Minnesota.

X
This ad will auto-close in 10 seconds