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7-Eleven completes purchase of 12 Fast Track stores
Dallas -- 7-Eleven announced that it has completed the purchase of 12 stores from Fast Track in Central North Carolina, including Winston-Salem. Terms of the agreement are not disclosed.
Remodeling of the units to transform them into 7-Eleven stores gets underway in late November and rebranding is expected to be complete by mid-February 2013.
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Fast-growing Five Below secures second DC
Specialty retailer Five Below doubled in size the past three years and now the company has secured a new distribution center to help it replicate that accomplishment going forward.
The new 600,000-sq.-ft. facility in the northern Mississippi community of Olive Branch will become operational in 2013 and will complement the company’s existing distribution facility in Newark, De. Five Below is focused on teen and pre-teen customers and derives its name from a merchandise mix price at $5 or less.