Yesway Hits New Store Count Milestone
Convenience store chain Yesway has hit a corporate milestone as the acquisition of five Ranglers locations in Texas has allowed the company to expand its store count to 435.
The five stores are in the cities of Clifton, Hamilton and Hico. Future store openings as planned with 28 new locations slated for 2023.
“We’re thrilled to begin 2023 with more exciting expansion news to share and look forward to bringing our brand of service and hospitality to more communities,” said Tom Trkla, chairman, president, and CEO of Yesway. “I am so proud of our team for making this accelerated pace of growth possible.”
The announcement follows a year of growth for Yesway, including the acquisition of the Tres Amigos chain of stores in September 2022, the August 2022 launch of the new Allsup’s Express concept store, previously announced openings of new Texas locations of Allsup’s stores in Breckenridge, Canyon, Colorado City, Claude, Mineral Wells, Pampa, Rankin, Robert Lee, San Angelo, and Sweetwater, as well as new stores in Altus, Oklahoma, and Alamogordo, Artesia and Carlsbad, New Mexico.
In January, Yesway announced that it had raised $190 million in new equity to fund its continued growth.
The five Ranglers stores will be remodeled and rebranded under either the Yesway or Allsup’s banner, with the well-known Rangler store look and merchandise selection remaining on the interior. The new-to-industry Allsup’s stores each have 5,630 square feet (with the exception of the Whitney, Texas, store, which has 6,277 square feet) of merchandising space, between 16 and 24 fueling positions, and high-flow diesel fueling lanes as well.
These are the latest of the new large-format stores Yesway has developed and is rapidly bringing to market. The stores are open 24 hours per day, offer a full selection of Yesway and Allsup’s private label snacks; a trucker/automotive section; fresh Allsup’s bread, milk, and eggs; and a beer cave; as well as amenities including Western Union service, ATM availability, and Coin Cloud digital currency machines offering 30+ digital currencies.