• Updated on November 6, 2026 at 10:34 am
  • Category Retail

In Other Business News

In Other Business News

Supermarket, Grocery, & C-Store

• Arko Corp. said it has converted about 500 GPM stores to dealer sites, with 55 more under letters of intent, and extended the program through 2027.

• Buc-ee’s will break ground Nov. 9 on a 74,000-square-foot travel center in Lafayette, LA, slated to open in early 2028.

• Food Lion is investing more than $270 million to remodel 94 stores in North Carolina’s Greensboro/Triad market.

• Publix Super Markets opened stores Nov. 4 in Eatonton, GA, its first in Putnam County, and Wesley Chapel, NC.

• Sunterra Market will close its Britannia Plaza store in Calgary, AB, on Nov. 9, its third closure this year.

Restaurant

• Dine Brands Global‘s board rejected an unsolicited $39-per-share takeover proposal from Arkhouse Management and Cobblers Cove Capital.

• McDonald’s said U.S. Chief Marketing and Customer Experience Officer Alyssa Buetikofer is leaving; Charlie Newberger was named interim U.S. Chief Marketing and Commercial Officer.

• MTY Food Group received an unsolicited C$43-per-share takeover proposal from Foodtastic on Nov. 3 and replaced CEO Eric Lefebvre with board member Victor Mandel.

• Outback Steakhouse agreed to buy 61 restaurants for $26.3 million from franchisee Out West Restaurant Group, which filed for Chapter 11 on Nov. 2.

• Wendy’s rejected a $1.4 billion take-private proposal led by Trian, adopted a stockholder rights plan and signed a letter of intent to acquire up to 163 restaurants from bankrupt franchisee Meritage Hospitality Group.

Retail

• At Home named Judd Nystrom CEO, effective Nov. 1.

• Canadian Tire Corp. will invest $200 million through 2028 to open or convert 40 Mark’s stores to a larger format.

• CVS Health plans to separate into two public companies by 2028, with Prem Shah to lead the roughly 9,000-store CVS Pharmacy business.

• Ethan Allen Interiors shareholders elected three directors nominated by activist investor Doug Bergeron at the Nov. 4 annual meeting; Chairman and CEO Farooq Kathwari was not re-elected to the board.

• Staples Canada will add Toys”R”Us shop-in-shops to nearly 300 stores by the end of 2027, starting Nov. 14 in Richmond Hill, ON.

Arty Intelle

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