7-Eleven acquires 55 Sam’s Mart stores in Carolinas
Dallas — 7-Eleven has entered into an agreement with Sam’s Mart LLC to acquire 55 Sam’s Mart stores in North and South Carolina and convert them to 7-Eleven stores this year. Local contractors will be hired for the remodeling program to begin later this year.
The transaction is anticipated to close in February, subject to standard closing conditions and regulatory approvals. Terms of the deal were not disclosed.
The acquisition is part of the retailer’s accelerated growth plan. 7-Eleven opened some 650 stores in the United States and Canada in 2011.
"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, 7-Eleven executive VP and CFO.
Sam’s Mart LLC will continue to operate its other 91 stores in the Charlotte and Atlanta metro areas and retain its office personnel.
Rona announces executive hires
New York City — Rona, the largest chain of home improvement retailers and distributors in Canada, has appointed Dave Carr to the position of VP retail, Western Canada, and François Hardy to the position of VP dealer-owner network development.
After beginning as an employee of a Totem store lumberyard in 1992, Carr quickly climbed the ranks to become assistant manager, then store manager. After managing several stores in Alberta, Carr became a regional manager, then general manager, and finally VP of Totem in 2008, three years after Rona’s acquisition of the company.
Carr, along with the other regional VPs for retail, will report to Luc Rodier, who has been promoted to the position of EVP retail.
Hardy took office on Jan. 16 and reports directly to Robert Dutton, Rona’s president and CEO. He will assist in the development of Rona’s existing dealer-owner network and be responsible for recruiting new dealer-owners. His professional background has centered on strategic positions in retail business development, sales and marketing in both Canada and the United States. Until recently, he occupied the position of VP sales and marketing at Intertrade, a business he co-founded in 2003, which specializes in developing partnerships and processes for exchanging information between suppliers and retailers.
Rona operates a network of more than 950 corporate, franchise and affiliate stores of various sizes and formats, with more than C$6 billion in annual sales.
Report: Carrefour in talks to replace CEO
Paris — A Thursday report by the Wall Street Journal said that French retailer Carrefour SA may hire French apparel group chief Georges Plassat to replace current CEO Lars Olofsson. WSJ cited unnamed sources close to the situation.
According to the report, Plassat could replace Olofsson as early as next week.
Plassat is head of Vivarte SA, in which he is also a shareholder.
Carrefour and Vivarte have not commented on the matter.