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.
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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