Latest news with #FasCraves
Yahoo
17-05-2025
- Business
- Yahoo
3 Big Numbers: Taking a closer look at new store designs
This story was originally published on C-Store Dive. To receive daily news and insights, subscribe to our free daily C-Store Dive newsletter. 3 Big Numbers is a weekly column that looks at a few key details from around the c-store industry. Convenience retailers regularly innovate their store designs. From 7-Eleven planning to implement a new food-forward format at hundreds of stores to local operators that tailor their corner stores to what the neighborhood needs, upgrading both the look and offer inside helps keep up with customer expectations and turn stores into destinations. In this week's '3 Big Numbers,' we look at the investment Arko Corp. is making in a food-focused format, the size of Kent Kwik's latest location and the operational impact of Murphy USA's updated store design. The upper end of what Arko is spending on its new locations. Arko has been teasing its new food-focused convenience stores since last summer. In its latest earnings report, leaders shared that construction on the first of these seven sites has now begun. These locations will feature Arko's new proprietary foodservice program, Fas Craves, which will include hot and cold grab-and-go foods, baked goods, pizza, roller grill dogs and other fresh-prepared items, Chairman, President and CEO Arie Kotler said during the company's earnings call last week. Arko isn't skimping on these projects. The company expects to spend between $700,000 and $1.1 million on renovating the sites to accommodate Fas Craves, Kotler noted in the call. The square footage of Kent Kwik's upcoming food-focused store. Kent Kwik, which is owned by The Kent Companies, is testing out a new food-focused format, with its latest iteration expected to open next month, according to its website. The location, which is being built in Midland, Texas, will feature a 6,200-square-foot store and a made-to-order kitchen. The site has more to offer than just food. It will also have a drive-thru, the company's second-ever Kent Dog Wash and a two-bay car wash, according to Kent Kwik's website. Local reporting even notes that a Kent Lube Fast Oil Change Center will be coming to the site. The difference in merchandise margin between Murphy USA's new and old designs. Murphy USA has been operating its new stores in some markets for a while. Anyone interested can even take a peek inside via our coverage of its recently remodeled site near El Paso, Texas. But thanks to a recent earnings call, we can also look inside the books for these stores, too. According to company data, these revamped designs outperform older stores both inside and out. In the forecourt, stores with the new design are seeing about 20% more fuel gallons sold, CFO Gallagher Jeff said during the call. The difference is even more stark inside, with a roughly 40% increase in merchandise margins. 'These new stores are driving value and winning new customers, which is while we're aggressively working on our new store pipeline,' said Jeff. Recommended Reading Murphy USA's new store design was the star of Q1
Yahoo
14-05-2025
- Automotive
- Yahoo
Kent Companies rolling out food-focused c-store format
This story was originally published on C-Store Dive. To receive daily news and insights, subscribe to our free daily C-Store Dive newsletter. The Kent Companies, which operates over 100 convenience stores across the Southwest and Southeast U.S., is testing out a new food-focused format, a company spokesperson confirmed to C-Store Dive. These locations feature a made-to-order kitchen, a beer and ice cave and two-bay car washes, while the latest store being constructed will also include the retailer's second-ever dog wash, the spokesperson said. According to Kent's website, this location will also feature a drive-thru. Kent has so far rolled out 'a couple' of these new formats across its Kent Kwik banner, the spokesperson said, and the next store is expected to open in June, according to the company's website. With food-focused c-store designs continuing to roll out across the industry, Kent — one of the fastest-growing mid-size retailers in the U.S. — is capitalizing. On LinkedIn, Kent called the latest location under this design an 'all-in-one destination.' The made-to-order kitchen and drive-thru will center around the retailer's Kwik Eats Deli, which offers meals across all dayparts, ranging from breakfast burritos and skillets to burgers, pizza and chicken sandwiches. Meanwhile, the car washes are an ongoing investment for Kent, which has about a dozen already in its network, according to its website. All Kent car washes operate 24 hours a day, with select locations having staff on-site for part of the day. It's unclear where the first few food-focused stores are located, although the spokesperson noted the newest site under construction will be in Kent's home area of Midland, Texas. This store will be a stone's throw away from a 7-Eleven-owned Stripes and a FEMSA-owned DK gas station, which will soon be converted to an Oxxo. Kent, whose c-store network includes the Kent Kwik and the Bountyland Quick Stop banners, joins a slew of convenience retailers placing food at the forefront of their operations through new formats. 7-Eleven has been the most notable example through its ambitious plan to open hundreds of food-focused stores in by 2027. Meanwhile, earlier this month, GPM Investments began building the first of seven new pilot stores which will feature its new Fas Craves foodservice program. Recommended Reading Arko begins building food-focused stores, will debut new foodservice program
