Alimentation Couche-Tard can gas up you and your automobile on both sides of the US–Canada border. It’s the second-greatest convenience store operator in North The usa and the chief in Canada with some 5,875 shops: Couche-Tard in Québec; Mac’s in significant and western Canada; and extra than three,500-plus Circle K stores in extra than forty US states. (It offered the Circle K chain in the US from ConocoPhillips in 2003.) Virtually eighty% of its gross sales are rung up in the US. Alimentation Couche-Tard, French for “food for those who go to mattress late,” sells gas at extra than two-thirds of its shops. With an eye on Europe, fast-rising Couche-Tard has obtained Statoil Fuel & Retail, the greatest acquisition in its history.
What about Circle K subsidiary ?
The $2.6-billion buy of Statoil Fuel & Retail ASA, with about 2,300 places in northern Europe, primarily in Scandinavia, closed in June 2012. Statoil is a Norway-based road transport gasoline retailer and operates a network of retail shops across Scandinavia, Poland, the Baltic States, and Russia. Statoil owns and operates a dozen key terminals as well as 38 depots in eight nations and a fleet of about 400 road tankers. Via its Circle K subsidiary, Couche-Tard has license agreements for the operation of shops in Asia (including Japan and China), Mexico, and the Center East.
How many Circle K stories in Western Canada?
Couche-Tard operates extra than 2,000 convenience shops from Atlantic to Western Canada. Imperative Canada and the western 1/2 of Québec Province are home to about 70% of the shops. The firm divides the US market into eight geographic trade devices, with the greatest retail presence in the Great Lakes region and Arizona.
What about Couche-Tard’s Gross sales right through 2012?
Gross sales at Couche-Tard’s convenience shops in fiscal 2012 (ends April) climbed to $23 billion, an raise of 21% vs. the prior 12 months. Net earnings grew extra than 23% over the comparable period. Indeed, gross sales, internet earnings, and money go with the flow from operations have all been on a steep upward trajectory over the prior two years, after somewhat-flat annual comparisons right through the recession. The up to date upward thrust is primarily attributable to an raise in gasoline gross sales due to better reasonable costs at the pump, as well as acquisitions, and an raise in comparable-store merchandise gross sales at its shops in the US and Canada. Fuel gross sales (measure through extent) also increased in the US. Fuel accounted for seventy six% of total US gross sales vs. 55% in Canada.
What about Acquisitions about Circle K Jobs ?
Acquisitions are a large phase of Couche-Tard’s increase technique. Its buy of Statoil is the latest, and greatest, in a long chain of acquisitions that includes the buy of Circle K nearly a decade ago. The Circle K acquisition based the Canadian firm as a major participant in the US market, and the firm hopes to repeat that success in Europe. The fragmented US convenience store market and pattern through major oil corporations to forged off their retail operations has afforded Couche-Tard (and rival 7-Eleven) ample chance to collect small, independently-operated chains, and every so often a large fish. After a 5-month combat, Couche-Tard in 2010 reluctantly abandoned its opposed $2-billion bid for Casey’s General Stores.
What about Circle K’s retail trade?
The buy of Casey’s, which operates extra than 1,500 shops in the Midwestern US, would have reinforced Couche-Tard’s Circle K’s retail trade. General, in fiscal 2012 the firm obtained about 440 shops, including 33 On the Run shops in Southern Louisiana from ExxonMobil, and built simplest 28. With about 70% of its gross sales (even extra in the US) coming from gas, Couche-Tard is susceptible to fluctuations in motor gasoline costs. To offer protection to itself from such volatility, the retailer is focused on creating its in-store merchandise gross sales (especially recent foods), which return better margins and are much less risky.