Grow or Go?
Retailers consider the drivers behind today's growth opportunities—and the exit signs.
As recently as January 2008, Curtis Jared had ambitions to make Cody’s Convenience Stores the largest c-store player in southwest Missouri. The company was snapping up smaller chains and breaking into the travel-center business. Momentum was strong and seemingly endless; Jared was bombarded by other retailers teetering on bankruptcy, begging him to buy.
Then, later that summer, he received a letter from another c-store chain: Would he like to sell?