Convenience Stores

It doesn’t take a rocket scientist to figure out what the media thinks is the “next big thing” in our industry. It seems like everywhere I look, there’s another article about new mobile shopping initiatives and retail-related smartphone apps.

Atlanta -- Aaron’s said Tuesday it is opening five of its lease-to-own stores in the Midwest, south and on the East Coast.

From mid October to early November, Aaron's stores have opened in Delaware, Ohio; Ionia, Mich.; Franklin, Ky.; Indianola, Miss., and Towson, Md.

In September, the company opened its 2,000th store – located in the Bronx, N.Y.

Woonsocket, R.I. -- CVS Caremark Corp. reported Tuesday that net income for the quarter ended Sept. 30 jumped 16% to $1.01 billion, compared with $868 million in the year-ago period. Results were boosted by a 13.3% increase in revenue to $30.2 billion, which edged Wall Street’s forecast of $30.09 billion in revenue.

Drugstore revenue rose 5.5% to $15.5 billion, and same-store sales climbed 4.3%, helped by the influx of Walgreens customer who switched to CVS during the split between Walgreen Co and Express Scripts Holding Co.

CHICAGO — OfficeMax has named Kim Feil as EVP and chief marketing and strategy officer, effective Nov. 12. Feil will report to Ravi Saligram, president and CEO of OfficeMax, and will have accountability for all aspects of marketing across the enterprise, with particular emphasis on brand management and evolution of the company's traditional marketing vehicles to new media including digital and social.

West Bridgewater, Mass. -- Supervalu said Monday it has cut about 700 store-level positions at the company’s Shaw's and Star Market stores in New England.

West Des Moines, Iowa -- Kum & Go has announced plans to invest $90 million in building a total of 20-25 new stores in the Colorado Springs and Pikes Peak region of the Centennial State within the next five years.
 
Kum & Go, the fifth largest privately held company-operated convenience store chain in the United States, is marking the grand opening of its first three stores in Colorado Springs this week.
 

GRAND RAPIDS, Mich. — Meijer announced that it will double match every customer's $10 Simply Give donation made Nov. 9 to 10 to help boost support for local food pantries before the holidays. The Double Match Days initiative is being launched as part of the retailer's Taste of the Holidays in-store sampling event as a way to thank customers for their continued commitment to help fight hunger in the Midwest.

Altoona, Pa. -- C-store chain Sheetz announced Friday that Joe Sheetz will assume the role of president and CEO, and current president and CEO Stan Sheetz will become chairman of the board, effective October 2013.

Joe Sheetz is currently executive VP finance and store development.

Steve Sheetz, will leave his chairman seat to fill a newly created position of Family Council Chairman, allowing him to represent the Sheetz family shareholders in company-related issues, while remaining as chairman of CLI Transport, Sheetz dedicated fuel carrier.