Couche-Tard, Circle K’s parent company, new five year strategic plan has been developed to enable it to achieve $10 bn in EBITDA by 2028, rising from $5.8 bn this year. We look at how the retailer plans to achieve this through evolving its food offer, investing in loyalty and digital, growing its network and developing its fuel operations. Enabling growth The retailer has developed a simple...

Last week I attended the IRX 2023 (Internet Retailing Expo) event at London’s ExCel centre. In this article, I’ll share three of the key highlights; from climate innovation to Asda’s ‘biggest retail transformation in the whole of Europe’ and winning with social commerce. 1. Baroness Martha Lane-Fox: the world’s first trillionaire will come from climate innovation enabled by technology B...

We review the retailer’s first quarter performance, including four initiatives driving growth and efficiencies. Q1 key numbers Total merchandise and service revenues increased 5.0% to $4,275.8m Road transportation fuel revenues fell 21.5% to $11,235.2m, reflecting lower fuel prices Same-store merchandise revenues increased by 2.1% in the US, 6.4% in Canada, and were up 2.7% in othe...