CST Brands Inc., which includes Corner Store and Dépanneur du Coin, spun off from Valero Energy Corp. on May 1, entering the market as the second-largest publicly-traded fuel and convenience merchandise retailer in North America.
With approximately 1,900 sites in the U.S. and Canada and $13.1 billion in revenues last year, CST has long been a successful division of Valero.
“At our core, we are a retail company focused on serving customers,” says Kim Bowers, CST president and CEO. “This move will allow us to benefit all the stakeholders. We will continue to grow our footprint, expand our signature food offerings, provide more opportunities for our CST Team Members and maximize profitability for shareholders. We are all extremely excited about the possibilities.”
CST’s network of convenience stores throughout Canada and the U.S. offer a broad array of convenience merchandise, beverages, snacks and fresh food. In the U.S., CST Corner Stores sell Valero fuels and signature products such as Fresh Choices baked and packaged goods, U Force energy and sport drinks, Cibolo Mountain coffee, FC Soda and Flavors2Go fountain drinks. In Canada, CST is the exclusive provider of Ultramar fuels and its Dépanneur du Coin and Corner Stores sell signature Transit Café coffee and pastries.
In 2013, CST plans to build 15 new stores in the U.S., adding to its network of more than 1,032 stores throughout Texas, Louisiana, Arkansas, Oklahoma, New Mexico, Colorado, Wyoming, Arizona and California. More than half of CST’s U.S. Corner Stores are located in Texas, one of the fastest-growing states in the nation.
In Canada, CST sells Ultramar fuels through 848 retail sites in Quebec, the Atlantic provinces and eastern Ontario and is one of the largest retail distributors of home heating oil in Eastern Canada. CST plans to build eight new company-operated stores and add 15 new dealer sites in Canada in 2013.
CST employs nearly 12,000 people throughout the southwestern U.S. and Eastern Canada, including 270 at the CST Customer Service Center in San Antonio, Texas, and 285 at the CST Service Center in Montreal, Canada.
CST says it intends to continue to focus on building larger stores from the ground up with ample parking, colorful and spacious design, and a wider variety of food options. In 2012, the company sold more than 4 million kolaches and 1.3 million whoopie pies baked fresh in its U.S. stores.
On May 19, CST will open its largest store to date, a 10,100-square foot Travel Center with a Subway in Three Rivers, Texas, an area buzzing with activity due to the recent shale oil boom.
Not only will CST support local communities by creating jobs and economic activity, but its employees give back to the towns, cities and provinces where they live and work. Giving back to the CST communities through volunteer work and philanthropic giving will continue to be a significant part of the CST company culture, the company says.
For more information, visit cornerstore4u.com.