7-Eleven snaps up Sam’s Mart storesThis article was originally published in Foodnews
CONVENIENCE retail chain, 7-Eleven, is to acquire Sam’s Mart 55 stores in North and South Carolina and plans to convert them this year. “Sam’s Mart has a successful store operation and quality locations that fit our strategy to expand where we have existing stores or in areas near markets where we have operations,” said Stan Reynolds, chief executive of 7-Eleven. The latest deal marks part of the chain’s growth strategy, which aims to expand the business through store development, conversions and acquisitions. Financial details of the latest deal were not disclosed.