The Pantry completes its purchase of 38 c-stores
Sanford, N.C. The Pantry said Tuesday it has completed its acquisition of 38 convenience stores from Herndon Oil Corp. The previously announced purchase includes stores that operate in Alabama, Florida, Mississippi and Louisiana.
Of the 40 stores included when the acquisition was first announced, one has since been closed and another was subsequently removed from the transaction. The 38 acquired stores generated revenues of approximately $152 million for the 12 months ended in May.
The acquisition was funded with cash on hand. Terms have not been disclosed.
The Pantry operates 1,679 stores in 11 states under banners that include its primary operating banner Kangaroo Express.
Barnes & Noble launches app for Apple
NEW YORK Barnes & Noble has launched the Barnes & Noble Bookstore application on the Apple App Store.
The Barnes & Noble Bookstore app also allows customers to browse betsellers, recommended lists, new releases and watch video interviews with authors. In addition, users can find information on book signings, readings and performances, as well as the location of the nearest Barnes & Noble store.
Office Depot, Sharpie launch backpack design contest
NEW YORK Office Depot and Sharpie have teamed up for Project Backpack, a contest that gives customers the chance to have their backback produced during the 2010 school season.
Customers can enter the contest by creating a design on one of four Office Depot canvas backpacks that can be purchased ($14.99 each; available in blue, pink, olive and green khaki, that will include two free individual Sharpie markers of your choice) from a participating Office Depot store, or by downloading an official contest template from www.myprojectbackpack.com .After designing the backpack using Sharpie markers, participants can upload a photo or scanned image of their backpack to www.myprojectbackpack.com along with their official entry form.
Apanel of judges will select the top ten finalists whose designs will be posted back to www.myprojectbackpack.com where the public will vote on the official winner. The grand prize winner will receive $5000 and will have their backpack produced during the 2010 school season, the first runner up will receive $3000 and the second runner up will receive $2000.
“Students rely on Office Depot for their back-to-school products and solutions during the entire school year,” said Wade Eveleth, senior director of merchandising for Office Depot. “We are excited to launch this contest with Sharpie and provide everyone with a really fun way to show off their creativity by designing a backpack that will be on store shelves for the 2010 back to school season.”