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MINNEAPOLIS, Minn. -- Franchise Times magazine ranked three convenience store brands on its list of Top 200 franchise systems for 2008—7-Eleven, Circle K and ampm were all in the top 15 percent of the ranking.
7-Eleven held its No. 2 position from last year, but it also managed to reduce the distance between it and the top spot (McDonald's) by increasing its worldwide sales a whopping 27 percent, according to the Franchise Times report.
Eighth-ranked Circle K demonstrated strong sales growth of $1.4 billion, moving up from its No. 10 spot last year.
ampm, the BP-owned franchise, continued its solid showing too, jumping up 10 spots from 39th to 29th on the strength of system-wide sales growth of nearly 30 percent, reported Franchise Times. Once again, ampm is the only c-store brand owned by an integrated oil and gas company to make the list.
Fiona MacLeod, BP’s president of convenience retail, U.S. and Latin America, credited ampm franchisees with the franchise’s growth.
"BP is delighted that ampm has made it into the top 15 percent of franchises," MacLeod stated in a company press release. "In 2007, we decided that ampm would be BP’s single U.S. convenience retail brand, and then we decided to go all-franchise. Our franchisees are the heart and soul of this business, and they have led us to this success."
The 2008 Franchise Times Top 200 list, which appears in the October 2008 issue, ranks franchises by worldwide sales for the previous year.