Stripes Convenience Stores
 | |
| Type | Subsidiary |
|---|---|
| Industry | Retail (Convenience stores) |
| Founded | 1938[1] |
| Headquarters | Corpus Christi, Texas, United States |
Key people | Kelcy L. Warren, CEO |
| Products | Laredo Taco Company Café de la Casa |
| Revenue |  $ 5.8 billion (2012) |
| Parent | Seven & I Holdings Co. |
| Website | www |
Stripes Stores is a chain of 700+ convenience stores in Texas, Louisiana, New Mexico, and Oklahoma. These locations are former Circle K and Town & Country Food Stores. Other convenience store brands they operate under include IceBox and Quick Stuff. It is one of the largest non-refining operators of convenience stores in the United States.[2]
In late 2017, all Stripes locations in Louisiana and parts of Texas were sold to 7-Eleven. 7-Eleven set out to buy all the Texas, New Mexico, and Oklahoma locations as well but could not get around a non compete agreement they have with Seven Eleven franchises such as Delek US Holdings.
In early 2018 however, 207 West Texas, New Mexico, and Oklahoma locations were sold to a newly formed company called Cal's Convenience inc. However, all 207 locations will retain the Stripes name. The rest of the locations in Texas are owned by Seven Eleven.
Many locations offer Sunoco, Chevron, Conoco, Exxon, Phillips 66, Shell, Texaco, Valero, and unbranded gasoline; most locations previously sold gasoline under the CITGO name, when the chain was Circle K. More than 300 locations also feature the proprietary Laredo Taco Company brand of Mexican fast food, or Country Cookin’ branded fast food.
In 2007, the company acquired the Town & Country Food Stores chain and in August 2009, the company acquired 25 Quick Stuff convenience stores in Texas and Louisiana from Jack in the Box Inc.
In 2014, they were acquired by Energy Transfer Partners, the parent company of the east coast gas brand Sunoco.[3]
The headquarters are located in Corpus Christi, Texas.
References[]
- ^ Santella, Dan. "Stripes convenience stores sold to energy holding company". The Monitor. Retrieved July 30, 2018.
- ^ "NASDAQ:SUSS - Google Search". www.google.com.
- ^ Maykuth, Andrew. "Sunoco parent buys Texas chain for $1.8 billion". Philly.com. Retrieved May 2, 2014.
External links[]
| Subsidiaries |
|   |
|---|---|---|
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- Companies based in Corpus Christi, Texas
- Economy of the Southwestern United States
- Convenience stores of the United States
- Retail companies established in 1938
- 2014 mergers and acquisitions