U.S. convenience stores experienced a 15th straight year of record in-store sales and a 4th straight year of $10 billion-plus in pretax profits, according to newly released NACS State of the Industry data, the convenience and fuel retailing industry’s premier benchmarks and key performance category insights. The industry’s numbers were announced during the NACS State…
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Shell announces plan to open 10,000 new stations
Oil giant Shell firmly believes that downstream and fuel retail will remain to be key business in the future. The oil major expects annual earnings in the retail segment to grow by more than $1.5 billion by 2025, from today’s $2.2 billion. More than 10,000 new sites will bring its total number of stations to…
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USA: Growing retailer Yesway acquires 35 c-stores
Yesway, the fast growing convenience store chain, has announced the expansion of the company with the acquisition of 35 Wes-T-Go and Chillerz Convenience Stores in Abilene, Texas. These new Yesway stores will be added to the company’s existing portfolio of 38 locations currently operating in Iowa and Kansas. By the end of the second quarter…
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7-Eleven to acquire Sunoco stores for $3.3 Billion
7-Eleven, a consolidated subsidiary of Japanese retail group Seven and I Holdings, will acquire approximately 1,100 convenience stores from convenience and retail fuel operator, Sunoco (SUN). According to a company release, the $3.3 billion-assets for acquisition include a majority of SUN's convenience stores in 19 geographic regions primarily along the East Coast and in Texas,…
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