Comings and Goings -- From A to Z

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Comings and Goings -- From A to Z

By Don Longo, Convenience Store News - 08/10/2009
Ahold USA
Ahold USA subsidiary Giant Food Stores of Carlisle, Pa., developed and opened a new c-store concept called Giant To Go. The 4,422-square-foot store features eight fuel pumps as well as bakery, deli, meat and produce departments inside the store.

Atlas Oil Co.
Fuel distributor Atlas Oil, based in Taylor, Mich., completed the purchase of 57 c-stores in the Chicago area from BP in January. It previously acquired 23 stores from BP in September 2008.

BP
(Top 100 rank: 2)
BP, La Palma, Calif., last September reached an agreement with Ricker Oil Co., Anderson, Ind., to sell 32 of its company-operated convenience stores, along with three parcels of land in the greater Indianapolis area. Most of the convenience stores will keep the ampm brand. Also that month, BP completed the sale of 23 of its convenience stores to Atlas Oil. All the stores are in the Northwest Indiana market and were rebranded to the Atlas name.

Bulk Petroleum
Bulk Petroleum based in Mequon, Wis., filed for chapter 11 bankruptcy protection in February. The company operates more than 55 convenience store locations, and supplies gasoline to several hundred more.

Casey's General Stores
(Top 100 rank: 12)
Casey's General Stores, headquartered in Ankeny, Iowa, in December 2008 opened its first newly designed convenience store, approximately 1,000 square feet larger than an average Casey's convenience store. A year ago, the retailer said it no longer intended to offer franchise Casey's locations.

Certified Oil
(Top 100 rank: 87)
Certified Oil, based in Columbus, Ohio, re-imaged 10 of its stores at the end of last year, with plans to re-image a total of roughly 40 stores within two years. Stores will have a consistent look, a more inviting and upscale image, and be more foodservice oriented.

Chevron Corp.
(Top 100 rank: 5)
Chevron Corp., San Ramon, Calif., will open an office in November 2009 that will be used as an emergency backup office. The office is located in Lathrop, Calif., and will initially have roughly 10 employees. In case the current office located in San Ramon is unusable due to a disaster, the new office will be used. In December, CFO Steve Crowe retired and was replaced by Patricia Yarrington, who was previously treasurer, and Vice President Pierre Breber takes Yarrington's place.

Christy's of Cape Cod
Just days after Christy's of Cape Cod, based in Hyannis, Mass., announced plans to rebrand its gas to the Hess brand in early February, it agreed to sell 11 of its 13 stores to Hess Corp., based in Woodbridge, N.J. Two remaining Christy's stores -- and one currently in development -- will continue to be owned and operated by Christy's owner, Christy Mihos.

Circle C Stores Inc.
Circle C Stores Inc., Huntsville, Ala., filed for chapter 11 bankruptcy in March, and plans to sell all its stores to pay back creditors.

ConocoPhillips Inc.
(Top 100 rank: 13)
In August of last year, ConocoPhillips agreed to sell all its corporately owned sites (nearly 600) to PetroSun Fuel of Seattle, an independent c-store operator. The stores are now operated under a newly created company called Pacific Convenience and Fuel LLC. In October, the Houston-based oil company made a number of executive promotions, including promoting John Lowe, executive vice president of exploration and production, to assistant to the CEO; John Carrig, executive vice president of finance and CFO, to president and COO; Jim Gallogly, executive vice president of refining, marketing and transportation, to executive vice president of exploration and production; and Willie Chiang, commercial senior vice president, to senior vice president of refining, marketing and transportation.

Crescent Oil Co. Inc.
Crescent Oil Co. Inc., Independence, Kan., filed for chapter 11 bankruptcy protection in February. The company operates nearly 40 convenience store locations, and supplies gasoline to more than 300 locations in the Midwest.

Cumberland Farms Inc.
(Top 100 rank: 16)
Sister companies Cumberland Farms Inc., formerly based in Canton, Mass., and Gulf Oil LP reorganized senior management and consolidated their corporate offices into one location in Framingham, Mass., in May 2009. In other Gulf news, the company developed a new brand, Wave, which is a value fuel brand and image package that will be used at retail fueling stations that do not meet the requirements for the new Gulf image.

Delek US Holdings Inc.
(Top 100 rank: 21)
Delek US Holdings Inc., Brentwood, Tenn., announced in March it would exit the Virginia market. Stores were reclassified as discontinued operations, and the company already sold 12 of the 36 stores in this market.

Englefield Oil Co.
(Top 100 rank: 75)
Englefield Oil Co., Heath, Ohio, purchased 42 convenience stores from BP in February. This acquisition made Englefield Oil the second largest c-store operator in central Ohio.

Exxon Mobil Corp.
(Top 100 rank: 4)
ExxonMobil Corp., Irving, Texas, kicked off the bidding process for its remaining company-owned retail fuel locations in nine states on the East Coast in December. In June, Couche-Tard purchased 43 company-owned locations in the Phoenix market.

Flying J Inc.
(Top 100 rank: 44)
Flying J Inc. of Ogden, Utah, agreed in July to merge with Pilot Travel Centers, in an effort to reorganize and emerge from bankruptcy, which it entered under chapter 11 in December. Prior to that, the company opened eight new dealership locations and one fuel stop site. The dealerships are independent locations offering Flying J products, and are located in Canada, Utah and Idaho.

IAC Louisiana LLC
IAC Louisiana LLC of Pineville, La., put its convenience store chain up for auction in March, along with other property including an office/bulk plant. No word yet on any buyers.

Irving Oil Co.
Irving Oil Co., Portsmouth, N.H., purchased six c-stores from Webber Oil Co. of Bangor, Maine, in December 2008. Four of the stores were to be converted to Irving's banner, while the other two remain Lil' Marts.

Jack in the Box
Fast-feeder Jack in the Box announced last October it would sell all its convenience stores, which are attached to full-size Jack in the Box restaurants. In June 2009, the company entered into a purchase and sale agreement for 55 of its 61 stores, which is expected to close in September, and the remaining six stores should be sold by the end of the year.

Kum & Go LC
(Top 100 rank: 23)
Kum & Go LC, based in West Des Moines, Iowa, agreed to acquire Jared Enterprises, Springfield, Mo., and its Cody's Convenience stores in February. The transaction closed in mid-May, at which time Cody's-bannered locations were converted to Kum & Go. Also in March, Kum & Go opened two new stores in Arkansas, and one in Oklahoma, and continued to divest locations last year that did not fit its newer, larger retail concept.

Kwik Way Inc.
Kwik Way Inc., Billings, Mont., closed its 11 stores in February. All were located in Montana.

Luke Oil Co.
Luke Oil Co., Hobart, Ind., completed an acquisition of 12 locations from RM Petroleum in November. The stores are all Shell-branded.

Mountain Empire Oil Co.
Mountain Empire Oil Co., Johnson City, Tenn., agreed in March to acquire 16 Sunoco sites in Tennessee. The company will also become a Sunoco distributor.

The Pantry Inc.
(Top 100 rank: 10)
The Pantry Inc., Sanford, N.C., entered into an agreement to buy an office building in Cary, N.C., last October. The company moved its corporate offices to the two-story, 62,000-square-foot facility. In addition, the company said it would resume its acquisition strategy during the year and open 14 new stores. At the end of June 2009, The Pantry completed the purchase of 38 operating c-stores and travel centers from Herdon Oil Corp. in Alabama.

7-Eleven Inc.
(Top 100 rank: 1)
In January, 7-Eleven Inc., Dallas, opened a new fresh foods commissary and combined distribution center in Bohemia, N.Y. The center prepares and delivers fresh foods daily to nearly 700 locations in New York, New Jersey and Pennsylvania. The retailer also began to convert 170 of its 177 corporate-owned Orlando, stores into franchises.

Suncor Energy Products
Suncor Energy Products, North York, Ontario, agreed to acquire Petro-Canada, Mississauga, Ontario, and its c-stores in March. The stores will operate under the Petro-Canada name, and the deal is expected to be completed in the third quarter 2009.

Sunoco Inc.
(Top 100 rank: 9)
Sunoco Inc., Philadelphia, plans to sell 165 sites in the eastern United States. The stores will be sold through NRC Realty Advisors LLC and include 148 retail fuel outlets and 17 commercial properties.

Susser Holdings Corp.
(Top 100 rank: 20)
Susser Holdings Corp., Corpus Christi, Texas, will convert all of its Town & Country stores in Lubbock, Texas, and New Mexico to the Stripes banner. The process is expected to take two years to complete.

United Supermarkets
United Supermarkets, Lubbock, Texas, opened a new upscale drive-thru c-store and fuel site in Frisco, Texas, last September, called A Taste of Market Street. The concept is the supermarket chain's first convenience venture.

USA Today
USA Today, the national newspaper based in McLean, Va., opened three USA Today Travel Zone c-stores in the Detroit Metropolitan Wayne County Airport in September. The stores offer a variety of products, as well as snacks, coffee and other beverages. Stores are operated by HDS Retail, a retailer with more than 4,000 stores.

Valero Energy Corp.
(Top 100 rank: 11)
Valero Energy Corp., San Antonio, said last year it will no longer rebrand its convenience stores to the Road Runner name. The company will stay with the Corner Store brand after reviewing results of a customer survey.