Leveraging real-estate opportunities, 7-Eleven planning 75 stores in North Texas
DALLAS -- 7-Eleven Inc. will add more than 75 stores in North Texas over the next three years as part of a fast-track plan triggered by opportunities created in the commercial real-estate downturn, reported The Dallas Business Journal. The company will add 550 stores nationwide and about 4,000 worldwide during the same period, CEO Joe DePinto said.
"We've really positioned ourselves for this," DePinto told the newspaper. "We have a strong balance sheet, real-estate values are down and a lot of other retailers aren't growing right now, so there's a lot of real estate available that would have been cost-prohibitive in the past."
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Bucker buying unit of bankrupt truckstop operator
OGDEN, Utah -- Flying J. Inc., trying to raise cash to emerge from bankruptcy, has agreed to sell its insurance subsidiary for an undisclosed price, reported The Salt Lake Tribune. The Buckner Co., a Salt Lake City-based insurance brokerage firm, will buy Flying J Insurance Services on January 1, it said.
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| Promotion follows sale of Quick Stuff c-stores, pending COO retirement
SAN DIEGO -- Jack in the Box Inc. has promoted vice president of operations Leonard A. Comma and former director of the company's Quick Stuff convenience stores to senior vice president and chief operating officer, effective Feb. 1, 2010. Succeeding Comma will be Elana M. Hobson, who is currently the company's division vice president of operations initiatives. The announcement follows September's disclosure that longtime executive Paul L. Schultz will retire as president and COO on Jan. 31, 2010.
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 | 11/23/2009 Bucker buying unit of bankrupt truckstop operator
|  | 11/23/2009 Leveraging real-estate opportunities, 7-Eleven planning 75 stores in North Texas
|  | 11/20/2009 Nine-store acquisition from PCIS, Ridgerunner follows Green Lantern deal
|  | 11/20/2009 Promotion follows sale of Quick Stuff c-stores, pending COO retirement
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