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ATLANTA --The Pantry's President and CEO Terrance Marks and Senior Vice President and CEO Mark Bierley unveiled details of its store upgrade strategy during the Morgan Keegan & Company 2010 Convenience Store & Distributor Conference here.
As reported in the September issue of Convenience Store News and according to the Triangle Business Journal presentation, The Pantry will spend between $3 million and $4.5 million to upgrade 100 of its stores by the end of the year with an improved coffee bar and expanded offerings for breakfast, lunch and what the company calls "all-day snack occasions."
The Pantry expects to have converted up to 500 stores, spending up to $22.5 million, by the end of next year. The company believes the investment will produce a 20-percent return as it rings up high-margin coffee and food sales.
To view the presentation, click here.