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BP sold 13 Thorntons convenience stores in Ohio and Kentucky.
BP sold 13 Thorntons stores in Columbus and Lexington to Giant Oil in late March 2024.
KEY POINTS
- The acquired stores were rebranded as On the Fly within five days of the transaction.
- Giant Oil will continue selling Amoco fuel at these locations under an existing supply contract with BP.
- Thorntons' market share in Columbus declined from 17th to 19th place since 2021.
- Wholesale clubs like Costco and Sam's Club are gaining fuel market share with significant price discounts.
COMPANIES
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