A Major Convenience Store Now Makes An Unexpected Closure

A major convenience store now makes an unexpected closure as its new owner plans to phase out the company’s name in several cities.

Western convenience store chain Kum & Go is closing its last location in a key city amid a major rebrand.

As the popular brand is phased out, the only remaining location in Casper, Wyoming, is shutting down entirely.

The store at the corner of 15th and McKinley Streets will shut after June 17, according to Oil City News.

Another location in Casper closed last year.

That means the state’s second-largest city will no longer be home to the chain.

Nine Kum & Go locations will remain in the Equality State after the shutdown, but none are near Casper.

The next closest store is 125 miles away in Gillette.

The shutdown came after Utah-based Maverik bought the chain last year.

Kum & Go had roughly 400 locations at the time of the sale, according to the Des Moines Register.

In January, Maverik announced it would phase out the Kum & Go name, which some consider inappropriate.

“I think there was some concern about the inadvertent double entendre of the Kum & Go name,” a former Maverik employee told CSP Daily News at the time.

They said the company is looking at “growing Maverik into a multi-regional brand,” to compete with Casey’s and Kwik Trip, both popular Midwest chains.

The announcement caused a backlash in areas where the Kum & Go is popular.

Maverik’s stores are mountain-themed, recalling the chain’s Utah roots.

However, many Kum & Go locations are located in famously flat parts of the country, like Iowa and Michigan.

All Kum & Go stores that stay open are set to be absorbed into the Maverik brand by 2025.

While Casper loses its last Kum & Go, it’s unclear how many more will close.

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Also Read: An Unexpected Retailer Is Now Closing All Stores in Illinois

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Market News Today - A Major Convenience Store Now Makes An Unexpected Closure.
Market News Today – A Major Convenience Store Now Makes An Unexpected Closure.

An unexpected restaurant now abruptly closes 7 locations in one state after revealing plans to shutter a total of 36.

TGI Fridays is closing a total of seven restaurants in one state as part of the company’s ongoing growth strategy.

This comes after the chain abruptly closed 36 locations across 12 states in at the beginning of the year, per The-Sun.

The restaurant chain will pull the plug on seven locations across the state of New Jersey in the coming weeks.

Today, Fridays will welcome in famished diners at its location in Brick for the final time.

“As we continue along our path of transformation to revitalize the Fridays brand and implement a long-term growth strategy, we see a bright future for TGI Fridays,” said Weldon Spangler, CEO of TGI Fridays earlier this week.

“We are at the helm of a pivotal moment that will allow us to explore boundless advancement, expansion, and innovation to keep delivering ‘That Fridays Feeling’ that our fans know and love.”

Before the closures, TGI Fridays had about 270 US locations, according to the company’s website.

“As part of the store closures, TGI Fridays is offering more than 1,000 transfer opportunities, which represents over 80% of total impacted employees,” the company previously said in a statement.

“Our top priority has always been delivering a superior experience for each and every TGI Fridays guest, and we’ve identified opportunities to optimize and streamline our operations to ensure we are best positioned to meet – and exceed – on that brand promise,” said Ray Risley, US president and chief operating officer, in the release.

Eight other locations were sold to former CEO Ray Blanchette, a longtime stakeholder who will acquire the previously corporate-owned restaurants.

The sale comes as major changes have been made to the brand’s leadership, including the news of Weldon Spangler being made CEO.

“As we continue along our path of transformation to revitalize the Fridays brand and implement a long-term growth strategy, we see a bright future for TGI Fridays,” said Spangler in a statement.

Also Read: Retirees Will Now Receive More Money For Social Security

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Market News Today - A Major Convenience Store Now Makes An Unexpected Closure.
Market News Today – A Major Convenience Store Now Makes An Unexpected Closure.

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