Convenience Stores

GOODLETTSVILLE, Tenn. — Dollar General reported record sales, operating profit and net income for its second quarter ended Aug. 2, driven, in part, by the company’s newly introduced tobacco products and strong sales of perishables and candy and snacks.

The company’s net income increased 15% to $245 million in the quarter, from $214 million in the year-ago quarter, and earnings per diluted share of $0.75 in the quarter increased 17% over EPS of $0.64 in the year-ago quarter. 

Dallas -- Corner Bakery Cafe continues to expand as it moves forward on its goal to more than double its U.S. footprint in the next three to four years. The company announced plans to expand in several areas, including Northeast Florida, Tampa, and San Diego.

Corner Bakery Cafe said it will open as many as ten new restaurants in Northeast Florida as part of a new multi-unit restaurant franchise agreement with Lee-Wesley Group. These will be the first Corner Bakery Cafes in the Northeast Florida area.

Canton, Mass. -- Dunkin’ Donuts continues its growth in non-traditional locations with the opening of two locations on the Kansas Turnpike with franchisee Rosenfield Restaurants. A third is scheduled to debut in October.

“Bringing Dunkin' Donuts to service plazas around the country is just one great example of how our brand is taking successful elements of our traditional locations and translating them into alternative points of distribution,” said Grant Benson, VP of franchising and business development, Dunkin' Brands.

DALLAS — 7-Eleven stores have introduced a Pillsbury Cinnamon Roll, the retailer's first warm bakery offering and the first Pillsbury-branded fresh-bakery item with a convenience retailer.

Available with hot foods as well as in the fresh bakery case at participating stores, 7-Eleven's sweetly spiced will be available for purchase for $1.69 each.

Chicago -- Jones Lang LaSalle has brought on Adam Cody as a VP in its Chicago office. He will work with executive VPs Lew Kornberg and Walter Wahlfeldt to expand the firm's retail tenant representation capabilities.

Dallas -- SRS Real Estate Partners (SRS) announces highlights of August transactions and new assignments.

Atlanta:
Shoe Carnival has executed a new lease for an 11,542-sq.-ft. space at Heritage Pavilion in Smyrna, Ga. The new location is expected to open in October 2013. SRS represented the tenant in this transaction. Developers Diversified Realty represented the landlord.

New York -- Sam's Club will host a grand opening celebration on Thursday, Sept. 5, at its new location in Anchorage. At 145,000 sq. ft., the new club will be more than 50% bigger than the former Anchorage location.

The new club has been constructed to include many environmentally friendly features. Energy-efficient fixtures, including daylight-harvesting skylights, reduce the amount of energy required to light the club by up to 75% daily.

MEMPHIS, Tenn. — Fred's experienced growth in sales, customer traffic, average ticket and gross margin for the second quarter ended Aug. 3.

The company’s net income for the quarter was $3.3 million, or $0.09 per diluted share, compared with net income of $6.1 million, or $0.17 per diluted share, in the year-earlier period. However, the prior-year quarter included a benefit of approximately $4 million, or $0.11 per diluted share, for favorable tax credits.