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    40 YEARS OF CONVENIENCE RETAILING: 1989-1993

    Through the pages of Convenience Store News.

    1989

    Mergers and Acquisitions
    Krauszer's Dairy Stores, a 188-store chain based in Edison, N.J., was sold to Andy Kerstein, founder of First Delaware Financial Group.

    The Numbers
    The industry grew by 2,500 units, with all but 500 of the new stores operated by petroleum marketers.

    1990

    In the News
    The Circle K Corp., operator of 4,600 stores, filed for chapter 11 bankruptcy protection.

    The Southland Corp. declared bankruptcy in October.

    Store Operations
    For the first time, the number of c-stores run by traditional operators decreased. Of 83,000 convenience stores, 52,300 were run by traditionals, down 200 from the previous year.

    1991

    In the News
    The Persian Gulf crisis left independent gas marketers scrambling for supply as traditional suppliers limited their purchases through allocations and pricing mechanisms.

    Convenient Food Mart Inc. and Plaid Pantries Inc. both emerge from chapter 11 bankruptcy.

    Mergers and Acquisitions
    The Southland Corp. signs a sale agreement with Yokado Co. Ltd. of Japan.

    1992

    Retailer Innovation
    Shell Oil Co. unveiled its ETD (Experience The Difference) Superstore, which was to be the cornerstone of its new franchising program.

    Mergers and Acquisitions
    E-Z Serve Corp. purchased TOC Retail Inc.'s 389-unit Majik Market chain.

    1993

    The Numbers
    The five largest c-store chains were: The Southland Corp., The Circle K Corp., Amoco Corp., Texaco Inc. and Shell Oil Co.

    Mergers and Acquisitions
    Exxon Co. USA withdrew from three southern Florida counties by exchanging 59 retail outlets in those markets for 66 Chevron units in Maryland, Virginia and Washington D.C.

    Retailer Innovations
    Total Petroleum Inc. planned to spend $10 million to reimage all of its 2,600 stores.

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