RaceTrac making largest acquisition in its history: Gulf Oil LLC
RaceTrac, a family-owned convenience store retailer, announced that its subsidiary, Metroplex Energy, has reached a definitive agreement with Gulf Oil L.P. to acquire Gulf Oil LLC. The financial details of the deal were not disclosed.

As part of the agreement, RaceTrac will acquire Gulf’s fuel brand, distributor and license agreements, and exclusive rights to market fuel at Gulf’s retail locations along the Massachusetts Turnpike. This acquisition aligns with RaceTrac’s strategy to boost growth in its core business and improve operational efficiency, creating a top-tier fuel network in high-demand markets nationwide.

The completion of the transaction is subject to customary closing conditions, including approval under the Hart-Scott-Rodino Act, and is expected to be finalized within 60 to 90 days.

Top 4 metro areas in Texas account for 20% of retail space absorption nationwide
Retail vacancies in Texas dropped by 40 basis points to 4.7% in the second quarter, fueled by space absorption of more than 34 million sq. ft.

Twin Peaks expects to double its footprint and surpass $1 billion in sales by 2027
From 2021 to 2022, the Dallas-based sports lodge concept grew its footprint by 3.5%. Meanwhile, sales growth jumped by 23% year-over-year.

REI expansion continues into 2025
The specialty outdoor retailer said it will open a store in Durango, Col., in spring 2025. It will be REI’s 10th location in the Centennial State.

Savvy Sliders looks to emerge as national contender
Savvy Sliders, a 35-unit fast casual based in Michigan, recently announced a goal to reach more than 500 restaurants in four years.