Stripes Convenience Stores

stripes
Company typeSubsidiary
IndustryRetail (Convenience stores)
Founded1938; 87 years ago (1938)[1]
HeadquartersCorpus Christi, Texas, United States
ProductsLaredo Taco Company
Café de la Casa
RevenueIncrease $ 5.8 billion (2012)
Parent7-Eleven
Websitewww.stripesstores.com

Stripes Stores is a chain of more than 700 convenience stores in Texas, Louisiana, New Mexico, and Oklahoma. The locations are former Circle K and Town & Country Food Stores. Other convenience store brands they operate under include IceBox and Quick Stuff. It is one of the largest non-refining operators of convenience stores in the United States.[2]

In late 2017, all Stripes locations in Louisiana and parts of Texas were sold to 7-Eleven. 7-Eleven set out to buy all the Texas, New Mexico, and Oklahoma locations as well but could not get around a noncompete agreement with 7-Eleven franchises such as Delek US Holdings. However, 7-Eleven has since acquired the remaining Stripes locations following Delek terminating its franchising agreement and rebranding its stores as DK, with 7-Eleven remaining in those markets through Stripes (or Speedway for El Paso, Texas stores).[3]

Many stores offer Sunoco, Chevron, Conoco, Exxon, Phillips 66, Shell, Texaco, Valero, and unbranded fuel; most locations previously sold fuel under the CITGO name, when the chain was Circle K. More than 300 locations also feature the proprietary Laredo Taco Company brand of Mexican fast food, or Country Cookin’ branded fast food.

In 2007, the company acquired the Town & Country Food Stores chain and in August 2009, it acquired 25 Quick Stuff convenience stores in Texas and Louisiana from Jack in the Box Inc.

In August 2014, Stripes was acquired by Houston-based Energy Transfer Partners, the parent company of East Coast fuel brand Sunoco,[4] when ETP bought Susser Holdings Corporation, which operated more than 580 stories at the time.[5]

The headquarters are located in Corpus Christi, Texas.

References

  1. ^ Santella, Dan. "Stripes convenience stores sold to energy holding company". The Monitor. Retrieved July 30, 2018.
  2. ^ "NASDAQ:SUSS - Google Search". www.google.com. Archived from the original on September 4, 2012.
  3. ^ "El Paso 7-Elevens rebranded DK stores by Tennessee oil-refining company".
  4. ^ Maykuth, Andrew. "Sunoco parent buys Texas chain for $1.8 billion". Philly.com. Archived from the original on May 2, 2014. Retrieved May 2, 2014.
  5. ^ "Energy Transfer Partners and Susser Holdings Announce Successful Completion of Merger". Business Wire (Press release). August 29, 2014.

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