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WEST DES MOINES, Iowa -– Kum & Go LC is moving ahead with new strategies and tactics that differentiate the convenience store retailer from its competition and put it on course to meet the company's goal to be "No. 1 in '21." Part of this plan is continuing its shift from an acquisition growth model to a new-build model.
The retailer's growth going forward will be focused on opening newly built, 5,000-square-foot stores in metropolitan markets, said Kum & Go President and CEO Kyle Krause. These "5K" stores – as the company calls them -- feature the retailer's new foodservice concept, "Go Fresh Market." Stores that cannot accommodate the most important features of the 5K concept will continue to be divested.
This year, Kum & Go expects to build 12 new stores and rebuild nine stores, while other stores that don't fit the strategy continue to be evaluated.
For more on Kum & Go’s goal to be "No. 1 in ’21," click here.