Stripes Convenience Stores

Stripes Stores is a chain of 700+ convenience stores in Texas, Louisiana, New Mexico, and Oklahoma. These locations are former Circle K and Town & Country Food Stores. Other convenience store brands they operate under include IceBox and Quick Stuff. It is one of the largest non-refining operators of convenience stores in the United States.[2]

stripes
Subsidiary
IndustryRetail (Convenience stores)
Founded1938[1]
HeadquartersCorpus Christi, Texas, United States
Key people
Kelcy L. Warren, CEO
ProductsLaredo Taco Company
Slush Monkey Drinks
Revenue $ 5.8 billion (2012)
ParentEnergy Transfer Partners
Websitewww.stripesstores.com

In late 2017, all Stripes locations in Louisiana and parts of Texas were sold to 7-Eleven. 7-Eleven set out to buy all the Texas, New Mexico, and Oklahoma locations as well but could not get around a non compete agreement they have with Seven Eleven franchises such as Delek US Holdings.

In early 2018 however, 207 West Texas, New Mexico, and Oklahoma locations were sold to a newly formed company called Cal's Convenience inc. However, all 207 locations will retain the Stripes name. The rest of the locations in Texas are owned by Seven Eleven.

Many locations offer Sunoco, Chevron, Conoco, Exxon, Phillips 66, Shell, Texaco, Valero, and unbranded gasoline; most locations previously sold gasoline under the CITGO name, when the chain was Circle K. More than 300 locations also feature the proprietary Laredo Taco Company brand of Mexican fast food, or Country Cookin’ branded fast food.

In 2007, the company acquired the Town & Country Food Stores chain and in August 2009, the company acquired 25 Quick Stuff convenience stores in Texas and Louisiana from Jack in the Box Inc.

In 2014, they were acquired by Energy Transfer Partners, the parent company of the east coast gas brand Sunoco.[3]

The headquarters are located in Corpus Christi, Texas.

References
  1. Santella, Dan. "Stripes convenience stores sold to energy holding company". The Monitor. Retrieved July 30, 2018.
  2. "NASDAQ:SUSS - Google Search". www.google.com.
  3. Maykuth, Andrew. "Sunoco parent buys Texas chain for $1.8 billion". Philly.com. Retrieved May 2, 2014.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.