7-Eleven Closes Purchase of 12 Fast Track Stores
Continues Expansion in North Carolina
DALLAS, Nov. 12, 2012 // PRNewswire // - 7-Eleven, Inc. announced that it has completed the purchase of 12 stores from Fast Track, Inc. in Central North Carolina, including Winston-Salem. The seller is J. C. Faw of Wilkesboro, N.C. Terms of the agreement are not disclosed.
The Fast Track stores that are part of the purchase are located in Elkin, King, Lexington, Thomasville, Kernersville, Lewisville, Clemmons, Winston-Salem, Hamptonville, Claremont, Statesville and Union Grove.
Remodeling of these units to transform them into 7-Eleven stores gets underway in late November and rebranding is expected to be complete by mid February of 2013.
These locations are in close proximity to another acquisition the company made earlier this year – 55 Sam's Marts locations in the greater Charlotte area -- and compliments the 7-Eleven stores' expansion in the Tar Heel State.
Customers in these areas can expect new outlets for 7-Eleven's fresh foods delivered daily, hot foods and signature products like 7-Select private brand, 7-Eleven coffee, Big Bite® hot dogs, Slurpee® and Big Gulp® drinks.
As the global leader of convenience retailing, 7-Eleven continues to grow its business in the U.S. through traditional store development, business conversions and acquisitions. The company plans to open 970 new 7-Eleven locations in the U.S. and Canada this year.
About 7-Eleven, Inc.
7-Eleven, Inc. is the premier name and largest chain in the convenience retailing industry. Based in Dallas, Texas, 7-Eleven operates, franchises or licenses more than 9,400 7-Eleven® stores in North America. Globally, there are some 48,100 7-Eleven stores in 16 countries. During 2011, 7-Eleven stores worldwide generated total sales close to $76.6 billion. 7-Eleven has been honored by a number of companies and organizations recently.
Accolades include: #2 on Forbes magazine's 2011 list of Top Franchises for the Money; #3 spot on Entrepreneur magazine's Franchise 500 list for 2012, #3 in Forbes magazine's Top 20 Franchises to Start, and #2 in Franchise Times Top 200 Franchise Companies. Hispanic Magazine named 7-Eleven among its Hispanic Corporate Top 100 Companies that provide the most opportunities to Hispanics. 7-Eleven received the 2010 Retailer of the Year honor from PL Buyer because of the company's private-label brand initiative. 7-Eleven is franchising its stores in the U.S. and expanding through organic growth, acquisitions and its Business Conversion Program. Find out more online at www.7-Eleven.com.
SOURCE 7-Eleven, Inc.