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Convenience Stores

  • Retail sales slip by 0.4% in March

    NEW YORK — U.S. retail sales fell 0.4% in March, the biggest decrease in nine months, amid a slowdown in hiring and higher taxes. Excluding sales of autos, gas and building materials, core sales dropped 0.2% in March, following a 0.3% increase in January.

  • Profits up at Rite Aid

    CAMP HILL, Pa. — Rite Aid's profits grew in fourth quarter and fiscal year 2013 amid stronger front-end sales and prescription count, the retail pharmacy chain said Thursday.

  • Alco Stores moving corporate headquarters to Texas

    Abilene, Kansas -- Alco Stores Inc. said Wednesday it is moving its corporate headquarters from Abilene, Kan., to a suburb of Dallas, citing the need to be “in a more metropolitan area.”

    The new Coppell, Texas offices will give the company easy access to many of its stores, other major retailers and transportation for its workers and business partners, CEO Rich Wilson said in a Wednesday statement.

    The move is slated to occur in June.

     

  • Verge Connect teams with c-store parent GPM on smartphone app

    Henderson, N.C. -- Verge Connect said Wednesday it is powering Fas Mart/Shore Stop’s first smartphone application, which debuted in April across more than 200 locations primarily in Virginia, Connecticut, Maryland and Delaware.

    The new application, called Fas APP, integrates with the retailer’s new secure payment card.

    Fas Mart/Shore Stop, which are owned by GPM Investments, selected the Verge Connect platform to help build the company’s digital and mobile presence.

  • Stater Bros. opens its most modern supermarket

    SAN BERNARDINO, Calif. — Stater Bros. has broke ground on its newest and most modern supermarket in the Redlands Village Shopping Center, which is being developed by Lewis Retail Centers.

    The new Redlands Stater Bros. Supermarket will be located on the northwest corner of Lugonia and Wabash Avenues and will replace a smaller Stater Bros. Supermarket located at 1786 Lugonia Avenue. 

  • Morgan’s Foods taps Action Services Group for sign/exterior lighting services across six states

    Aston, Pa. -- Action Services Group, a national retail and commercial lighting, sign and electrical maintenance and service company announced a service agreement with Morgan’s Foods Inc., operator of KFC, Taco Bell, Pizza Hut Express and A&W restaurants under franchises licenses, to perform sign and exterior lighting service and maintenance for 73 of their franchise units.

  • Report: Caribou Coffee to close 80 stores, rebrand 88 others into Peet’s

    New York -- Caribou Coffee will close some 80 stores nationwide and turn 88 other locations into Peet's over the next 12 to 18 months, the Chicago Tribune reported.

    Caribou, which is based in Minneapolis, went private this year in a $340 million deal with German investment firm Joh. A. Benckiser Group (JAB), which also owns Peet’s.  

  • Report: Retail employment slumps most in a year

    Washington, D.C. -- A report on Friday by the Labor Department showed that retail employment declined by 24,000 in March, the biggest slide since February 2012. The largest hiring slump occurred among clothing and accessories stores, which dropped 15,000, followed by a 10,000 decrease among building-material and garden suppliers.
     
    Retailers have been slow to hire largely because of the concern over the 2% increase in payroll taxes and how the bump is impacting consumer spending.

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