US convenience retailer 7-Eleven has snapped more than 40 stores in South Carolina – its latest deal in the state.
7-Eleven said yesterday (8 April) it had acquired 46 Hickory Point and Palms Stores locations from local retailer CB Mart for an undisclosed sum.
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The deal follows last year’s purchase of 55 stores across South and North Carolina from local rival Sam’s Mart. In November, 7-Eleven also announced it had acquired 12 outlets from Fast Track in North Carolina. The CB Mart transaction will take 7-Eleven’s stores in the Carolinas to more than 100.
“7-Eleven is committed to building its presence in the Carolinas and bringing our proprietary products to the acquired Hickory Point and Palms locations as the stores are converted to the 7-Eleven brand,” CFO Stan Reynolds said.
The retailer opened or acquired more than 1,000 stores in the US and Canada in 2012. It runs, franchises or licences over 10,000 outlets in North America.
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