FINANCE

Dollar Tree Acquires Deal$ Stores

BY CSA STAFF

Chesapeake, Va., Dollar Tree Stores, Inc. completed its acquisition of 138 stores and related assets of the SuperValu-owned discount store Deal$-Nothing Over a Dollar. Dollar Tree acquired 138 Deal$ stores for approximately $30.5 million. Dollar Tree also purchased approximately $22.2 million of inventory, subject to verification, from Deal$. All Deal$ stores will continue to operate under the Deal$ banner.

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FINANCE

Papa John’s Offers Pizza 24/7 via On-Line Ordering

BY CSA STAFF

Louisville, Ky., Papa John’s is the first national pizza company to offer 24/7 on-line ordering. Customers logging on to its site can now plan ahead and order by specifying the date and time of delivery or carryout order, up to 21 days in advance. The company’s research and test results confirm that many customers like to order in the morning or shortly after arriving at work to take care of their meal planning for the day. Before launching this 24/7 platform, on-line ordering was only available during restaurant operating hours. In 2005, Papa John’s on-line orders grew by 50% from the year before. Papa John’s spent more than $1 million to convert its on-line ordering system to one that would accommodate orders 24/7.

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REAL ESTATE

Penn Traffic Converts Tops Market Store

BY CSA STAFF

Syracuse, N.Y., Penn Traffic said it purchased another Tops Market store and will convert the location to its new P&C Fresh Foods banner. A purchase price for the Norwich, N.Y., store was not announced. Penn Traffic also acquired a Tops store in Rome, N.Y., last month. Both stores are among the 51 Tops Markets locations that Ahold USA put up for sale last summer.

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