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Showing posts with the label convenience stores

Analysis: Couche-Tard, 7-Eleven Encounter Early Snag in Store Divestiture Plan

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By Abigail Summerville and Anton Bridge NEW YORK/TOKYO (GudangMovies21) – The convenience store behemoths Couche-Tardy and Seven & i are navigating the initial challenges of their strategy to sell off several thousand stores they jointly control in North America to address antitrust worries before potentially merging. Their first hurdle will be enticing competing buyers for these outlets. It’s probable that the two convenience store operators will find it challenging to attract bids from other similar retail chains due to concerns about possible antitrust issues associated with such a transaction. This assessment comes from sources close to the situation as well as multiple antitrust specialists. Seven & i operates the 7-Eleven franchise, boasting over 12,000 outlets across the United States. Up until now, the majority of prospective purchasers for the outlets have been private equity companies, according to these sources. This poses a possible challenge for both Ca...

Walmart Expands Nationwide: Adding Gas Stations in 34 States

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We're expanding our network of physical stores across the country. This year, by adding numerous Fuel and Convenience outlets, we aim to deliver greater value to our customers. As many grocery stores proceed with focusing on e-commerce, pickup services, and deliveries. Walmart is sticking with the conventional brick-and-mortar approach by expanding its network across the country through the addition of numerous Fuel and Convenience stores to its extensive collection of physical sites. Recently, the retail giant disclosed its strategy to broaden its chain of Fuel and Convenience stores throughout the U.S., with intentions to launch 45 fresh or refurbished outlets in 2025. This growth initiative forms part of Walmart’s ongoing commitment to invest in brick-and-mortar shops, maintain affordable pricing, and provide an all-inclusive shopping destination for consumers. After the firm expanded nationally during the 1970s, Walmart has established itself as the budget-fri...

Costco Customers Get Extended Hours to Fill Up Their Tanks

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Costco members currently enjoy an extended period during which they can access the warehouse chain’s fuel stations. get fuel for their vehicles. That comes after Costco recently extended the operating hours at its North American gas stations daily. During the company’s earnings call on March 6, CEO Ron Vachris stated that Costco “increased operating hours at our gas stations across North America throughout the quarter to provide greater convenience for our members when refueling.” He informed analysts and investors that typically, our stations are extending their operating hours by one additional hour compared to before, with several also starting their operations slightly earlier. COSTCO CHAIRMAN SHARES UNEXPECTED LUXURY PRODUCTS POPULAR WITH CUSTOMERS: 'WEALTHY INDIVIDUALS ENJOY EXCELLENT VALUE' Last month, the wholesale club shared the updated operating times for its fueling stations via a Facebook post, mentioning that t...