Canadian c-store company positions itself for growth with sale, plans to expand - Professional Carwashing & Detailing
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Canadian c-store company positions itself for growth with sale, plans to expand

LAVAL, Quebec — Revenue increases will allow the chain to grow and remodel existing stores.

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LAVAL, Quebec — Quebec-based Alimentation Couche-Tard plans to sell its aviation fuel business, positioning the c-store company to grow as it constructs more stores and remodels older locations, according to freshplaza.com.

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The company inherited the aviation fuel business when it acquired Norwegian oil giant Statoil ASA’s retail operations in 2012, said the article.

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After a 2.8 percent increase in same-store revenues in the U.S., and a 3.3 increase in Canada, Couche-Tard expects to build or re-build 80 to 100 stores, noted the article.

In the U.S., Couche-Tard operates the largest number of c-stores, most under the Circle K brand. As of July 20, the company’s network comprised 6,243 convenience stores throughout North America, reported the article.

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