Big-box giant experiments with smaller concept to compete with Tesco. The convenience business is poised to get a whole lot more competitive. Wal-Mart is preparing to stand up to Tesco’s Fresh & Easy Neighborhood Market concept with two small-footprint concepts of its own, reported The Wall Street Journal. The new concepts may come off as…
deweese up for sale
Super Stop! owner puts all of its properties on the block. Meridian, Miss.-based Deweese Enterprises Inc. (DEI) and its Super Stop! were placed on the sales block by NRC Realty Advisors LLC. Super Stop! currently owns and operates 45 convenience stores located in the Meridian and Jackson, Miss. and Southern Alabama markets, a gasoline distribution…
toa reorganizes employee structure
Company eliminates 160 corporate staffing positions. TravelCenters of America LLC revealed that it expects to eliminate about 100 positions in its company as well as another 60 positions in Petro Stopping Centers L.P., which it acquired in May, as part of a new reorganization plan. The company expects to incur $2 million to $3 million…
wooten oil closes sale of 12 kwik mart stores
Sold sites now under ownership of Wilco Hess and Sampson-Bladen. Matrix Capital Markets Group Inc. has successfully closed the sale of 12 Kwik Mart convenience stores owned by Goldsboro, N.C.-based Wooten Oil Co. The company revealed that it is leaving the industry to focus more on commercial real estate ventures. In March of 2007, Matrix…
petro group buys 110 us gas stations
Acquisition set to be finished by the end of 2007. Israel-based Petro Group Ltd. controlled by Arcadi Gaydmak through Ameris Holdings Ltd., has signed a memorandum of understanding to buy 110 U.S. gas stations and convenience stores Coast for $60 million, plus inventory when the deal is closed, through its subsidiary GPM Investments LLC. The…
krist oil fined over consumer law violations
State court forces company to pay fee of $3,933. Iron River, Mich.-based Krist Oil Co has agreed to pay a fine of $3,933 to over allegations that it violated Wisconsin’s consumer protection law, according to Attorney General J.B. Van Hollen. The Wisconsin Department of Justice brought a civil action in Marinette County Circuit Court, charging…
ryan oil sells to quality state
Acquisition marks end of friendly competition. After 33 years of service, Ryan Oil has decided to sell its five stores in Wisconsin to local competitor, Quality State, which operates the Q-mart chain. The deal was finalized July 30, and the former Ryan stores are now officially Q-marts, although the signage has yet to change. “It’s…
sun mart collects for reading
New campaign collects donation for local charity. Sun Mart and the Mid-Columbia Reading Foundation, located in Kennewick, Wash., are teaming up to raise money to donate books to children During the month of August, area customers can buy a card for a dollar at all Sun Mart gas stations. Customers can then send those cards…
couchetard extends contract with desjardins
Company also expands service into Mac’s banner. Alimentation Couche-Tard Inc. has renewed its contract with Desjardins payment solutions (debit and credit services). Building on their running, ten-year partnership, Desjardins Card Services and Alimentation Couche-Tard Inc. have not only renewed their agreement for services in Qubec, but also expanded it across Canada into the areas served…
tesco inks banking deal
Wachovia to be the exclusive ATM provider to Fresh & Easy Neighborhood Markets. Tesco have revealed that Wachovia Bank will be the exclusive ATM provider to Fresh & Easy Neighborhood Market when the company’s first stores debut in Southern California, Las Vegas and Phoenix this fall. The partnership between Wachovia and Fresh & Easy Neighborhood…