US c-store giant 7-Eleven has struck a deal to buy a clutch of outlets in Texas from retail conglomerate Strasburger.
7-Eleven has acquired 23 stores primarily operated under the Quix banner in north and central Texas.
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“7-Eleven is continuing its accelerated growth, and this acquisition helps us meet the ambitious goals we have set,” said Robbie Radant, the retailer’s vice president of mergers and acquisitions, said today (14 June). “We met our goal of opening more than 600 stores in the U.S. and Canada last year, and are on target to surpass that number in 2012 and reach our goal of 630.”
Last month, 7-Eleven, the US subsidiary of Japanese retailer Seven & I Holdings, said it would increase its network by 630 stores this year.
In January, 7-Eleven acquired 55 stores from local rival Sam’s Mart in North Carolina, which saw it return to the city of Charlotte for the first time since 1988.
The retailer also plans to re-enter Jacksonville in Florida and double its 20-store presence in Manhattan in the next year and grow to around 135 units by 2017.
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By GlobalData
