Yesway achieves store milestone
Yesway’s momentum continues.
The fast-growing convenience store chain has opened its 425th store, marked by the opening of three stores under its Allsup's banner in Texas, in Fort Stockton, Hawley, and Millsap. The company has opened 39 new-to-industry and relocated stores to date in 2022.
With 5,630 sq. ft. of merchandising space, 24 fueling positions, and high-speed diesel fueling lanes, the new stores in Texas are the latest of the new large-format stores Yesway is opening, with more expected to be completed by year's end. The stores are open 24 hours per day and include a full selection of Yesway and Allsup's private label snacks, a new trucker/automotive section and a beer cave, as well amenities such as Western Union service, ATM availability, and Coin Cloud digital currency machines offering 30-plus digital currencies.
“Reaching this significant milestone in only six short years, and at such a sustained swift pace, is truly a testament to the dedication and hard work of our extremely talented team," said Tom Trkla, chairman, president, and CEO of Yesway.
It’s been a busy few months for Yesway. In August, the retailer debuted its new Allsup’s Express store format, located adjacent to the campus of Texas Tech University, in Lubbock, Texas. (Yesway acquired the then 421-store Allsup’s Convenience Stores chain in 2019.). The 3,000-sq.-ft. bodega-style location features a tailored assortment of merchandise offerings including food, beverages (including beer and wine) and everyday items tailed to the university community and students.
And in September, Yesway acquired Tres Amigos, which operates nine convenience stores in Texas.
[Read More: Exclusive: How Yesway is seizing territory fast in the C-store business]
Yesway has been on the fast-track since it was founded in 2015, expanding its operations through acquisitions. The company had $1.6 billion in sales for the 12 months ended June 30, 2021. Its stores are differentiated through a leading foodservice offering and a wide variety of high-quality grocery items and private-label products.
The company operates convenience stores and truck stops throughout Texas, New Mexico, South Dakota, Iowa, Kansas, Missouri, Wyoming, Oklahoma and Nebraska. The company is owned by an affiliate of private equity firm Brookwood Financial Partners.