Tiger Management Groups LLC, owned by Chattanooga, Tenn. businessman Lyle Finley, has acquired 26 ExxonMobil gas stations in the Nashville area, The Tennessean reported. Finley already owns and operates 11 Exxon gas stations, and this new purchase grows his store count to 37 locations. The purchase also puts Irving, Texas-based Exxon closer to its…
Stewart Shops Profit Grew 10% In 2009
Stewart Shops saw overall sales fall in 2009 due to a decline in gas prices, but in-store sales and profits grew for the year, company officials told the Albany Business Review. Sales in 2009 for Saratoga Springs, N.Y.-based Stewart’s, which has 327 stores in upstate New York and southern Vermont, totaled $1.26 billion, compared to…
Empowering Foodservice Customers
The latest technologies being used to manage c-store foodservice programs—from touchscreens and POS ordering terminals to digital signage—are allowing marketers to enhance communications and streamline operations. Touchscreens communicate the menu in a very efficient way. This is especially important as chains look to build incremental sales and make more subtle changes like expanding the number…
Susser Holdings Provides Fourth Quarter and 2009 Results
Corpus Christi, Texas-based Susser Holdings Corporation said it expects to report a same-store merchandise sales decline of about 1.2% for the fourth quarter of 2009 and growth of about 3.3% for the full year. Retail average per-store fuel volumes are expected to decline by 5.9% versus the fourth quarter of last year, but on a…
Nice & Envied
Mission accomplished. When John MacDougall challenged his team at Nice N Easy Grocery Shoppes to come up with a company mission statement, he left pretty simple instructions. “Keep it short, keep it focused and let’s be true to ourselves,” he said. The result was a concise proclamation of the chain’s commitment to the customers it…
Riding the Hess Express
The first Hess gas station was opened in 1960, and the first Hess Express opened in 1997 in Daytona Beach, Fla. Hess Express was named Chain of the Year nine years ago amidst its aggressive southern retail expansion. “When we were recognized with the Chain of the Year award in 2000, we had about 900…
On Location with CSD
It isn’t often one finds a c-store with a hanging chandelier and a fireplace in the office, but Dave Carney’s Hillside Chevron Station in Torrance, Calif., is anything but conventional. This April, the store began a major renovation, transforming what was a traditional c-store into a site with charming old-world Santa Barbara style; a Spanish…
Changing its Stripes
Susser Holdings Corp. at a glance A dynamic marketer Based in Corpus Christi, Texas, Susser Holdings is the largest non-refiner, convenience store operator in Texas, with additional stores in Oklahoma and New Mexico. It operates 516 convenience stores through its Stripes LLC division and is the 19th largest c-store chain in the U.S. Convenience Store…
Products, Packaging Key to HBC
Private Label Predicament Private label categories are increasing across all product categories, including HBC. While consumers still want the brands they know and trust, in today’s economy many are looking for a more optimally priced equivalent. In the first aid category, private label sales are up 10% compared to last year, according to Nielsen for…
Tracking the Trends
An otherwise tough year for convenience stores was balanced out by strong retail fuel margins from the unprecedented drop in wholesale fuels prices during the fourth quarter of 2008, according to National Association of Convenience Stores’ (NACS) 2009 State of the Industry report. However, credit card fees continue to take a toll on industry profitability.…
