The Arizona Republic reports that ConocoPhillips may sell many or all of its 3,700 Circle K c-stores as it moves away from retailing to focus on oil and gas productions.
- KC's View:
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Since this move in part is in reaction to heightened competition coming from companies such as Wal-Mart, Costco, Albertsons and Kroger, wouldn’t it be interesting if one of these four chains decided that it would like to have a nice little c-store company to add breadth to its overall retail efforts?
It would, in our opinion, be a transformative move for the industry.
