Cumberland Farms has plans to return its focus to retail.
Cumberland Farms’ CEO, Ari Haseotes, has announced a number of big changes that are on the horizon for the company.
According to a recent report from The Boston Globe, Haseotes is planning a number of changes which will allow the company to return to its roots. These changes were kicked off when Cumberland Farms announced the sale of Gulf Oil. This recent sale moved Cumberland Farms out of the wholesale business, so that the company could focus exclusively on retail which is how the nearly 80-year-old business began, when Haseotes’s grandparents founded the company.
The Boston Globe reported that the sale of Gulf Oil, which was finalized in December, will allow the company to dedicate more of its resources to remodeling current stores, along with its Westborough distribution center. Additionally, Haseotes has plans to bring more fresh, ready-to-eat meal offerings to company stores.
In addition to the sale of Gulf Oil and the improvements that will soon be made to company stores, Haseotes has announced another change that will soon take place: the relocation of company headquarters. The Boston Globe reported that Cumberland Farms is preparing to relocate its headquarters to the Westborough complex, from its current leased location in Framingham. The Haseotes family owns the Westborough complex, and the company expects that the relocation will occur within the next year.