Convenience Stores

Westlake, Ohio -- Truck-stop operator TravelCenters of America reported Tuesday that net income for the second quarter leaped 37% to $29.9 million, from $21.8 million in the year-ago period.

Revenue dipped nearly 3% to $2.04 billion from $2.09 billion.

CHATTANOOGA, Tenn. -- CBL & Associates Properties announced that construction has started  on The Crossings at Marshalls Creek, a 103,000-sq.-ft. shopping center development in Stroudsburg (Middle Smithfield), Pa.

The shopping center will be anchored by Price Chopper grocery, Rite Aid, STS Tire and Auto Centers and Family Dollar and will feature approximately 22,000 sq. ft. of stores and restaurants. The grand opening is scheduled for June 2013.
 

In addition to a John Fleming sighting in Minneapolis, Walmart alums John Menzer and Craig Herkert made news of their own this week.

Menzer resigned as CEO of Michaels following a stroke he suffered back in April, while Herkert was let go from his CEO role at Supervalu following a string of poor results.

Oakland, Calif. -- Lucid, a provider of real-time feedback technology for buildings, is spearheading a study of resource consumption and behavior change with Starbucks Coffee Co. The pilot project, developed in conjunction with the Snohomish County Public Utility District and Portland Energy Conservation Inc., will be hosted by 10 Starbucks stores in Snohomish County, Ore., and will serve to test and document measurable energy savings in the stores.

MATTHEWS, N.C. — Harris Teeter plans to expand its presence in existing markets, the company said in its third-quarter earnings release.

Matthews, N.C. -- Harris Teeter plans to expand its presence in existing markets, the company said in its third-quarter earnings release.

Barnegat, N.J. -- North Plainfield, N.J.-based Levin Management Corp. said that Big Lots is slated to open a new anchor store at Bayshore Plaza in Barnegat, N.J., in August.

The 31,612-sq.-ft. store will fill a space formerly occupied by A&P.

Additional tenants include McDonald’s, AT&T Wireless, Barnegat Pharmacy, and a mix of local restaurants and services.

Levin serves as leasing and managing agent for Bayshore Plaza.
 

INDIANAPOLIS — Hhgregg's first quarter loss widened to $5.7 million, or 16 cents per diluted share, from a loss of $0.8 million, or 2 cents per diluted share, for the comparable prior year period, thanks to same-store sales decline of 5.1% and increased expenses.