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C-Store Dive provides in-depth journalism and insight into the most impactful news and trends shaping the convenience store space. The daily email newsletter and website cover topics such as labor, electrification, regulation, technology, food service, and more. C-Store Dive is a leading industry publication operated by Industry Dive. Our business journalists spark ideas and shape agendas for 13+ million decision-makers in the most competitive industries.
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Mexican retailer and bottling company Fomento Económico Mexicano S.A.B. de C.V. (FEMSA) has agreed to?sell its Solistica logistics business unit?for $4,060 million Mexican pesos, the company announced last week. https://lnkd.in/erANy3Y7
FEMSA to divest logistics assets as it gears up for c-store expansion
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While c-stores accounted for 20.5% of all candy and confectionery sales last year, they had only a 16% share of the candy sales during the eight weeks ending Dec. 31 and represented just 1.4% of holiday-specific items. But although c-stores are not always the destination channel for holiday candy, experts believe operators can capitalize on holiday sales much more than they currently do. https://lnkd.in/e-QKWcXG
4 tips to help c-stores grow holiday candy sales
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Foxtrot, the upscale convenience retailer that?unexpectedly ceased operations?before?filing for bankruptcy?earlier this year, relaunched its delivery and order-ahead services last week as it preps to reopen a third Chicago location on Thursday, the company recently announced. https://lnkd.in/e9nDKpGj
Foxtrot relaunches delivery, will reopen third location this week
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Walmart has named Chief Revenue Officer Seth Dallaire as its chief growth officer of Walmart U.S., Walmart U.S. President and CEO John Furner said in an employee memo provided to Grocery Dive by the company. https://lnkd.in/eng4kzS4
Walmart names chief growth officer to head up new business group
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TravelCenters of America has named?Murtaza Sitabkhan as its new chief information officer, Sitabkhan announced via LinkedIn last week. Sitabkhan moves into the position after spending the past 15 years in various technology and supply chain leadership positions with TA’s parent company, bp. https://lnkd.in/eRDAcbtB
TravelCenters of America names new chief information officer
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Joseph DePinto said in a presentation that price-conscious consumers, declining cigarette sales and weaker-than-expected fuel gross profits all contributed to 7-Eleven's soft recent performance. https://lnkd.in/e7ACKvMY
7-Eleven CEO addresses financial pitfalls in North America
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Convenience retailers from around the globe flocked to Las Vegas last week for the?2024 NACS Show, where they experienced everything the industry and its partners have to offer, from insights on cybersecurity and loyalty to loads of fried chicken and pizza. But it was conversations about?improving labor woes?— specifically, hiring and retention — that dominated the event. While higher pay and flexible benefits remain important, some companies like 7-Eleven, SPINX and TXB (Texas Born) are stepping outside the box with their methods to address new challenges in the job market. https://lnkd.in/gQkDNfki
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7-Eleven is?shuttering 444 convenience stores?in North America, including in the U.S., due to underperformance, parent company Seven & i Holdings revealed in its quarterly earnings presentation on Thursday. This coincides with Seven & i announcing Thursday that it slashed its net income forecast for the fiscal year 2024, as well as?created a spinoff company?for its supermarkets, specialty stores and other businesses (SST)?amid investor pressure?to prioritize its c-store arm. https://lnkd.in/ePmE5VUY
7-Eleven shuttering 444 North American stores amid strategic pivot
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Pilot Company has?named Rakesh Srinivasan?as senior vice president and chief data and artificial intelligence officer, the company announced on LinkedIn on Tuesday.?Also on Tuesday, Eva Rigamonti posted on her LinkedIn page that she’s taking the role of Pilot’s VP of government and legal affairs. https://lnkd.in/enwSh8B4
Pilot names head of data and AI
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