Industry Roundup: The Top 10 Most-Read Stories of December 2018
NATIONAL REPORT — At the end of the year Convenience Store News readers were most interested acquisitions announcements, consumer trends and store openings. In the latest Industry Roundup, we present the top 10 most-read stories for the month of December, based on reader views:
2)Couche-Tard to Sell 192 Circle K Stores to CrossAmerica in Series of Asset Swaps
Alimentation Couche-Tard Inc. and CrossAmerica Partners LP reached an asset-exchange agreement that will see 265 sites change hands in a series of transactions. During a call detailing the agreement on Dec. 17, CrossAmerica's President and CEO Gerardo Valencia called the exchange a first step toward the Allentown-based company's goal of simplifying the business and capital streams.
3)Largest Wawa Will Welcome Customers This Week
The 11,300-square-foot c-store comes in at more than 2,000 square feet bigger than Wawa's previously largest store. Along with regular convenience offerings, the new store will offer artisan coffee, specialty baked goods, plenty of seating and greenery.
4)TravelCenters Completes Exit From Standalone C-store Operations
The Westlake-based company completed the sale of its Minit Mart portfolio, including 225 standalone convenience stores, to U.K.-based EG Group for $330.8 million. The transaction also included one standalone restaurant, five parcels of land and certain related assets.
8)Altria Shifts Gears on Innovative Products Platform
Richmond-based Altria is discontinuing the production and distribution of all MarkTen and Green Smoke vapor products, and VERVE oral nicotine containing products. The decision, according to the company, is driven by the current and expected financial performance of these products, coupled with regulatory restrictions that burden Altria's ability to quickly improve these products.
10)PHOTO GALLERY: Inside Wawa's Largest Store Yet
Located in Philadelphia's historic Independence Mall, at the corner of 6th Street and Chestnut Street, the 11,500-square-foot store is one-of-a-kind. The store celebrates Philadelphia's Old City with a number of unique features.