Pantry Buys 39 Southern C-Stores
Sanford, N.C., The Pantry Inc. has agreed to purchase 39 c-stores from Waring Oil Co. The locations operate under the Interstate Food Stop banner in Mississippi and Louisiana. The stores accumulated $100 million in revenues last year.
GameStop Has Tough 3Q
Grapevine, Texas, GameStop Corp. reported a net loss of $2.5 million in the third quarter, which includes $18.8 million in expenses related to the retailer’s merger with Electronics Boutique. That compares with net earnings of $12.1 million in the year-ago period.
Sales for the third quarter grew 28.2% to $534.2 million despite a 12% decline in same-store sales.