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  1. #1
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    Casey's talking with 7-Eleven

    Casey's Confirms Talks With 7-Eleven - Project Economy News Story - KCCI Des Moines

    Casey's changed the Conv Store business in Iowa. It will be interesting to see how this pans out and what will happen to those stores in smaller towns.


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    Re: Casey's talking with 7-Eleven

    I wouldn't think they'd just shut all of those small town stores down. If casey's as a whole is profitable, then it's gotta be on that foundation.


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    Re: Casey's talking with 7-Eleven

    Why is Casey's continuing to negociate? Has Casey's done anything to stave off a hostile bid? If I were an employee of Casey's I would be a little concerned - especially the home office staff whose jobs would probably go away as their work would be absorbed by the home office of the company from Canada or 7-11. In any case not a good scenario for the state (jobs wise).



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    Re: Casey's talking with 7-Eleven

    Quote Originally Posted by cygrads View Post
    Why is Casey's continuing to negociate? Has Casey's done anything to stave off a hostile bid? If I were an employee of Casey's I would be a little concerned - especially the home office staff whose jobs would probably go away as their work would be absorbed by the home office of the company from Canada or 7-11. In any case not a good scenario for the state (jobs wise).

    I may be wrong, but Caseys recently purchased back a lot of stock from share holders. This gives the company more share which I think was meant to stave off a take over.



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    Re: Casey's talking with 7-Eleven

    Quote Originally Posted by pyrocyz View Post
    I may be wrong, but Caseys recently purchased back a lot of stock from share holders. This gives the company more share which I think was meant to stave off a take over.
    Now that you say that I think I do recall Caseys buying back some stock. IDK why 7-11 is interested since it seems like 7-11 struggles in this demographic - unless if they were to buy Caseys and leave it as Caseys and not change the names on the stores to 7-11.



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    Re: Casey's talking with 7-Eleven

    Quote Originally Posted by simply1 View Post
    I wouldn't think they'd just shut all of those small town stores down. If casey's as a whole is profitable, then it's gotta be on that foundation.
    A bigger corporation won't look at it that way. If the small town stores aren't meeting their profit margin goals, they will be shut down. Simple as that. I hope Casey's hangs around, they're great for small communities and put a lot of money back into our local communities. Big corporations like 7-11 and Couche-**** aren't going to do that.



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    Re: Casey's talking with 7-Eleven

    I hope it would not impact the production of Casey's pizza! Too good to be messed with! On the other hand...a Slurpee is always a nice get as well!



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    Re: Casey's talking with 7-Eleven

    we just had a caseys open near us outside kansas city. i really hope it doesn't become a 7-Eleven



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    Re: Casey's talking with 7-Eleven

    Down here I see nothing but 7-11's....I only hope they will bring Casey's pizza to them! (doubtful)



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    Re: Casey's talking with 7-Eleven

    Quote Originally Posted by cygrads View Post
    Now that you say that I think I do recall Caseys buying back some stock. IDK why 7-11 is interested since it seems like 7-11 struggles in this demographic - unless if they were to buy Caseys and leave it as Caseys and not change the names on the stores to 7-11.
    I would hope this it what they would do. If they all turned into 7-11 I wouldn't be shocked if they didn't do well anyway because residents would start going to Kum & Go and other local stores.



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    Re: Casey's talking with 7-Eleven

    Quote Originally Posted by CycloneJames View Post
    I would hope this it what they would do. If they all turned into 7-11 I wouldn't be shocked if they didn't do well anyway because residents would start going to Kum & Go and other local stores.
    While that would be great...I would think most people would go to the most convenient store based on location. Just reality I guess.



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    Re: Casey's talking with 7-Eleven

    Seems like it may be a good diversification move for 7-11 (small market-large market). I doubt they would rebrand the Casey's stores.


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    Re: Casey's talking with 7-Eleven

    my guess is that the Casey's name would remain, but the small town stores would be put under intense pressure to get profits/revenue up. Would probably result in the shutting of several stores.



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    Re: Casey's talking with 7-Eleven

    Do we know the profit margin of those smaller stores versus the ones in town with intense competition from kum & go, qt, etc?


    I don't do signatures. Blondes, brunettes, and red heads are a different story.

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    Re: Casey's talking with 7-Eleven

    Quote Originally Posted by simply1 View Post
    Do we know the profit margin of those smaller stores versus the ones in town with intense competition from kum & go, qt, etc?
    Close to 90% of their gross revenue comes from Fuel. At one time, Beer and Cigarettes were #2 (they grouped them together at one time). In 2003, Pizza was just about to pass Beer and Cigarettes as their #2 category behind Fuel. I'm sure that ratio varies based on the foot print of the store.

    Don't assume the small market stores drag in terms of profit. Usually those stores have much lower lease rates, rent, or land value. There is also less competition in small markets. The transportation portion of their COGS might be higher in smaller, outlying stores depending upon how they account for that.

    If they do happen to get absorbed by 711, the fuel equation (volume and profit) will be one of the major factors on what towns they stay in. Small towns that also have a coop, or other gas station would be the ones in jeopardy most likely. Unless their GMROI and volume on Pizza, Beer, etc is high enough and can offset other factors.


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