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Convenience Stores

  • Coreland Cos. names new hire

    Tustin, Calif. -- Coreland Cos. of Tustin, Calif., announced that Kim Talley has been named senior associate, retail brokerage.

    Talley was previously senior associate with CB Richard Ellis. She has completed transactions with TJ Maxx, Wells Fargo, TruValue Hardware, Starbucks and Citibank.

  • Dunkin’ Donuts looks to expand West

    New York City -- Dunkin' Donuts is looking to expand in the western part of the country. The chain said it is actively seeking franchisees for parts of Colorado, Texas, Nebraska, Oklahoma and New Mexico, regions in which the Dunkin barely has a presence.

    To entice would-be franchisees, the company will offer reduced royalty fees and extra money for local advertising.

  • Kroger profit up 7.3%

    Cincinnati -- The Kroger Co. reported Friday that net income in the second quarter rose 7.3% to $280.8 million. The company said earnings got a boost from tax adjustments and sales at its gas stations.

    Sales increased 11.5% to $20.9 billion. Same-store sales were up 5.3%.

    “Our ongoing investments in the four keys -- our people, products, prices and the shopping experience -- continued to enhance our connection with customers and drive positive identical sales growth,” said David B. Dillon, Kroger’s chairman and CEO.

  • Stop & Shop, Unilever donate $150K to Feeding America

    QUINCY, Mass. — Stop & Shop has teamed up with Unilever to support hunger relief efforts of Feeding America and its local member food banks.

    The companies said that they are donating $150,000 to the organization, which will provide more than 1 million meals to families in need.

  • Aldi close to deal for Manhattan space

    New York City -- Aldi is close to making a deal to open its first supermarket in Manhattan, Craine’s New York reported.

    The German discount grocer opened its first store in New York City, in Queens, last year. According to Craine’s, Aldi is set to lease space at East River Plaza, located between 116th St. and 119 St. in Harlem. The shopper center already boasts such tenants as Target, Best Buy and the city’s first Costco.

  • Marsh Supermarkets earmarks $60 million for new stores and remodels

    New York City -- Marsh Supermarket will spend $60 million to build up to 10 stores and remodel or rebuild several more over the next three years, the Indianapolis Business Journal reported.

    The new stores will average 40,000 sq. ft. to 60,000 sq. ft. with a strong focus on fresh fruits and vegetables and service-oriented components, according to the report.

    Marsh operates of 70 namesake stores and 27 smaller-format Mainstreet Market stores. It is privately held, a portfolio company of private equity firm Sun Capital Partners.

  • Walmart expands reach with new smaller-format store in Midwest City, Okla.

    MIDWEST CITY, Okla. — Walmart is gearing up to open a Neighborhood Market store this month in Midwest City, Okla.

    The 40,000-sq.-ft. format will offer customers quick access to low-cost groceries, prescriptions and household products. The store officially will open its doors on Sept. 21.

    As previously reported, Walmart president and CEO Bill Simon said that the Neighborhood Market format is being rebranded as Walmart Market.

  • Casey’s income up 6%, misses expectations

    Ankeny, Iowa -- Casey's General Stores said that its net income climbed 6% to $39.3 million in the most recent quarter, fueled by new stores. But rising costs for some commodities cut into its profit margins and its results fell shy Wall Street expectations.

    The company's overall profit margin fell to 14.2% from 17.2%.

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