Lyle Raveling, the locally based company's chief financialofficer, says the stores will be sold either as a whole orpiecemeal to the highest bidder and will likely no longer operateunder the Tom Thumb name.
As of 2003, the company had 164 Tom Thumb convenience stores,according to the National Association of Convenience Stores. Theconvenience store sector has faced heightened competition fromother retailers as well as tough economic conditions.
Some of the Tom Thumb stores suffered a disadvantage in thatthey did not sell gasoline.
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