HOUSTON—The owner of the Corner Store and Dépanneur du Coin convenience store brands says it will open 40 new stores 2014, most of them in Texas.
San Antonio-based CST Brands Inc. will open the majority of its new US stores in Houston, San Antonio and South Texas, according to local media reports quoting CEO Kim Bowers. If it follows through, that would be twice the number of stores the company opened last year.
The company will open the new locations as it puts 100 others on the market.
Bowers told the San Antonio Business Journal that the stores it’s looking to sell properties no longer fit its strategy of opening larger retail outlets.
Those small stores contributed to the poor financial performance outlined in a recent quarterly earnings report, in which the company also discussed its store strategy.
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