Stagnito Media Convenienece Store News Convenienece Store News Single Store Owner Progressive Grocer The Gourmet Retailer Progressive Grocer Store Brands Retail Leader hispanic
 
Jan 30, 2012

QuikTrip's Biggest Growth Year Yet

PrintQuikTrip's Biggest Growth Year Yet  

By Linda Lisanti
exclusive

TULSA, Okla. -- QuikTrip has always been synonymous with growth, and that's never been truer than right now. The Tulsa-based chain added 21 stores between December 2010 and December 2011 for a 3.7-percent increase in store count -- and this year, its sights are set even higher.

"If everything goes the way we hope, we expect to open more stores this year than we ever have before," said Mike Thornbrugh, QuikTrip's manager of public and government affairs. Although he wouldn't divulge any specific numbers, he said "it will be substantial."

QuikTrip actually opened 36 stores in 2011, including four scrap-and-rebuilds. But it also closed some locations and sold eight sites, resulting in the net 21-store addition.

2012 is off to a fast start for QT. Currently, QuikTrip has 44 stores under construction. The overwhelming majority of them are "Gen 3" stores, the retailer's newest store design.

Gen 3 stores are larger than QuikTrip's previous models, have multiple entrances and offer outdoor seating. Inside, customers find an expansive array of hot, cold and frozen dispensed beverages, along with a large selection of QT Kitchens single-serve and take-home prepared foods, plus a specialty beverage and soft-serve yogurt/ice cream bar staffed by associates.

Going forward, where it can, all new builds will be Gen 3, according to Thornbrugh.

"They're very well-received," he said. "Let's be honest, everybody likes bright, new and different. But where we're going into our more-established areas, the consumer response has been overwhelming. The numbers in transactions will tell the true story, and that's working."

Last year, five of the stores QuikTrip opened were Gen 3. To date, Thornbrugh said the new store model is either open or under construction in the following QT markets: Tulsa, Kansas City, Wichita, Iowa, Arizona, Dallas-Fort Worth and St. Louis.

The company is not only expanding in store size and count, but its operational footprint is growing, too. QuikTrip now operates in 10 states, but that figure is set to increase to 11 when the company soon opens its first store in North Carolina. The Charlotte location -- also a Gen 3 store -- is scheduled to open sometime in March.

As for why QT is experiencing such tremendous growth now, Thornbrugh simply said, "We're QuikTrip. We continuously try to improve, and new stores give us the opportunity to do that."








Find Reports & Data

CSNEWS’ 2010 Realities of the Aisle Consumer Study

New CSNews consumer research reveals why and how consumers shop c-stores and which in-store categories drive the business.

2010 CSNews Security Study

With worsening economy, employee theft of both merchandise and cash is retailers’ biggest concern.

CSNews' 2010 Industry Report Study

Industry sales declined for the first time in the 35-year history of the Convenience Store News Annual Industry Report, the longest-running compilation of sales and operational results in c-store retailing.

 

CSNEWS 2010 Foodservice Study

The industry’s most comprehensive report on c-store foodservice operations, plus bonus retailer best practices.

CSNews' 2010 Technology Study

Convenience Store News’ exclusive 2010 Technology Study reveals how retailers will spend their technology dollars this year and what they invested in last year. PCI compliance and business intelligence were the areas of concentration in 2008, but the economy is putting a damper on planned spending in 2009.



SUBSCRIBE TO E-NEWSLETTER SUBSCRIBE TO E-NEWSLETTER


Today's New Product


Red Buck and Richwood Tipped Cigarillos
Tantus Tobacco, a company dedicated to bringing high-quality, value-priced filtered cigars, cigarettes and pipe tobacco to the market, has added tipped cigarillos to its product line.
Featured Videos

Loading...
Playlist

View more


Related Videos
Stagnito Media
570 Lake Cook Rd, Suite 310
Deerfield IL 60015
Ph: 224-632-8200
Fax: 224-632-8266

Privacy Policy
Print / Electronic Media
Convenience Store News
CSNews for the Single Store Owner
Progressive Grocer
Progressive Grocer's Store Brands
The Gourmet Retailer
Retail Leader
Marketing Guidebook
Directory of Convenience Stores
Events
Hispanic Retail 360

Custom Media