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Quebec  + Canada + Cross Border News  + Retail  | 
Photo of convenience store.

Couche-Tard to Remodel Canadian, U.S. Stores

Couch-Tard plans to remodel most of its Circle-K convenience stores in Canada and the U.S., according to multiple reports.

“As we look to the future, we’ve got a couple of other things that we think will continue to help us grow margins,” said Brian Hannasch, the Laval, Que.-based retailer’s president and CEO, during a quarterly earnings call, Convenience Store News reported. “The first would be we’re in our second year of our One Touch remodel program, where we’ll touch about 80% of our [Circle-K] sites in the United States and Canada, and we are seeing nice food growth on the back of those remodels.”

About 1,000 of the remodels have been completed, according to the reports. The company operates about 16,700 stores under the Circle-K, Couche-Tard and other brands in 31 countries and territories.

Alex Miller will become president and CEO of Couche-Tard on September 6 as Hannash retires from his president, CEO and board positions, the company announced earlier this summer.

Miller will be promoted from his chief operating officer position.

Hannasch will continue with the company as a special advisor to both Miller and Alain Bouchar, Couche-Tard’s founder and executive chairman of the board.

Photo: Couche-Tard

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About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

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