M&A can help offset high operating expenses caused by inflation, digital transformation, labor woes and other headwinds facing the industry, according to one expert.| C-Store Dive
The convenience retailer added 210 locations to its business with the move, expanding its reach to 14 states.| C-Store Dive
This marks the largest acquisition in the Atlanta-based retailer’s history and expands its reach in the northeast region.| C-Store Dive
Blue Owl Capital sold all 210 stores — which were previously leased by Mountain Express — to the Arkansas-based retailer last month, a source familiar with the matter confirmed.| C-Store Dive
The move came about eight weeks after reports surfaced that the Des Moines, Iowa-based retailer was exploring a sale.| C-Store Dive
Majors will get the MAPCO brand, loyalty program and numerous Southeast stores, while Couche-Tard will take over 112 locations.| C-Store Dive
The deal with Realty Income Corporation includes up to 415 stores under the Cumberland Farms, Tom Thumb, Fastrac and Sprint banners.| C-Store Dive
If approved, the deal for the stores in Germany, Belgium, the Netherlands and Luxemburg will grow the retailer’s footprint on the continent by 80%.| C-Store Dive
The $48 million sale, which was announced in March, did not initially identify the acquirer of the former EG America c-store brand.| C-Store Dive
The bid was worth 84% more than the average stock price in the month before the offer.| C-Store Dive
The deal came just one day after the fuel giant detailed plans to invest $1 billion into its EV charging program by 2030.| C-Store Dive
The Atlanta-based retailer is focused on solutions that improve the worker and customer experience in measurable ways, said an exec at the recent NRF show.| C-Store Dive
After a successful pilot, the convenience retailer plans to implement a new design at up to 50 of its 2,800-square-foot stores in 2024.| C-Store Dive
The reductions are one of many “targeted cost-saving initiatives” the retailer implemented over the past year as a means to offset declines sparked by economic headwinds.| C-Store Dive
It marks the second time in the past week that one of the retailer’s investors has pushed for this change in order to boost returns.| C-Store Dive
The planned divestment includes nearly half of the company’s U.S. retail sites as it continues to offload more than $500 million in non-core assets.| C-Store Dive
Facing investor pressure to restructure, the company has decided to offload retail sites and logistics assets that no longer align with its core business.| C-Store Dive
Simpson Oil, which owns nearly a fifth of the c-store and fuel company’s shares, is the second major shareholder calling for operational changes.| C-Store Dive
The Canadian retailer is selling its Florida operations amid ongoing economic headwinds. Could the rest of its American business follow suit?| C-Store Dive
The deal for fuel and convenience retail businesses from Andretti Petroleum Group includes nearly 170 c-stores along with car washes, a commercial fueling business and more.| C-Store Dive
The Iowa-based retailer has agreed to purchase 22 Lone Star Food Stores locations in the eastern part of the state.| C-Store Dive
During its investor day in New York on Tuesday, the retailer said it’s looking to new markets and small-scale acquisitions to drive growth.| C-Store Dive
The $1 billion move brings the entire Stripes banner under 7-Eleven’s control after the retailer bought the bulk of the brand from Sunoco in 2017.| C-Store Dive
The company will also undertake a series of investments, including site redesigns and targeted advertising.| C-Store Dive
The company shuttered two locations each in Seattle and New York City and four in San Francisco as it struggles to build its physical retail footprint.| C-Store Dive
Major acquisitions loomed large in the convenience retailing industry this year. Here’s a rundown of the most notable deals.| C-Store Dive
C-Store Dive visited a location outside of El Paso, Texas, that’s part of the company’s two-year-old redesign program for its 2,800-square-foot sites.| C-Store Dive
The Canadian retailer, which has about 200 company-operated c-stores in the U.S., has seen its stock price plunge since early 2024. Its board of directors seems to have had enough.| C-Store Dive
The deal will add nearly 200 stores to the retailer’s footprint and introduce it to Florida, Alabama and Mississippi.| C-Store Dive
But as the company eyes a 500-store expansion, it will be challenged by “stagnant fuel demand, normalizing retail margins and increasingly savvy competition,” one expert noted.| C-Store Dive
Stephen Dacus, current lead outside director of the board, will take over as the company evaluates a buyout bid from Alimentation Couche-Tard.| C-Store Dive
The move would let 7-Eleven control its own finances and dictate its M&A priorities while unlocking its “intrinsic value,” company leaders said last week.| C-Store Dive
The retailer will shutter its c-store in Woodland Hills, California, on Feb. 26. Its total store count has decreased by about 50% since early 2023.| C-Store Dive
After a year of large deals, experts predict a surge in family-owned c-store operators leaving the business. In many cases, it’s because their children don’t want to take over.| C-Store Dive
Although Gas Express notified individuals of the attack in January, a lawsuit filed last week says the company discovered the breach in May 2024.| C-Store Dive
The c-store chain is using lessons it has learned from its QuickChek stores to remodel some of its 2,800-square-foot locations.| C-Store Dive
Days after filing for Chapter 11 bankruptcy protection, the retailer and fuel supplier has received post-petition financing tied to a sale process, court documents show.| C-Store Dive
The retailer’s c-stores are expected to maintain normal operations during this reorganization.| C-Store Dive
On Aug. 10, several c-store operators finally got authorization to purchase fuel from other entities, as many had gone “well over seven days” without any.| C-Store Dive
The proposal includes the purchase of all the bankrupt retailer’s assets except for any owned real estate, but still faces opposition from Mountain Express’ lenders, court documents show.| C-Store Dive