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Convenience Stores

  • Pantry CEO steps down

    Cary, N.C. -- The Pantry said Monday that CEO Terrance M. Marks plans to resign within two months.

    In a statement, Marks said that his decision was driven by personal reasons, and that he had accepted "an opportunity that will enable me to return to my home and family in Atlanta."

  • Fresh & Easy seeks to expand workforce

    EL SEGUNDO, Calif. — Tesco's U.S. subsidiary Fresh & Easy said it's looking to fill more than 100 employee positions, including positions for four new California stores, the company announced Thursday.

    Over the next several weeks, Fresh & Easy will open four new stores, which will be located in Los Angeles, Anaheim Hills, Calif., and Sunnyvale, Calif.

  • Looking into the Lion’s Mouth

    If you’re peeking at the news between slats in your fingers, scared to see where the S&P 500 sits or what’s happening with the NASDAQ, the Dow and the price of oil, you’re quite obviously not alone. Each day is a frightening new one, and no one – not even economists – are quite sure what’s going to happen next.

  • Starbucks in settlement on overtime pay

    Seattle -- Starbucks Corp. agreed to pay nearly $1.6 million to cafe managers and their lawyers to settle a dispute concerning overtime pay, the Associated Press reported.

    The lawsuit was filed in 2009 in U.S. District Court in South Florida by a former Starbucks employee and covered roughly 550 managers.

  • Macy’s executive moving to CVS

    New York City -- CVS Caremark announced that Mark Cosby has been appointed president of CVS/pharmacy, effective Oct. 1. He formerly served as president of stores for Macy’s.

    “We’re delighted that Mark is joining our team,” Larry Merlo, CEO of CVS Caremark (NYSE: CVS) said in a news release. “His valuable experience at major retailers in operations and strategic planning makes him an excellent choice to lead our retail business going forward.”

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