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These excerpts taken from the WNR 10-K filed Mar 13, 2009. Retail
Segment
Our retail group operates service stations, which include
convenience stores or kiosks. The service stations sell various
grades of gasoline, diesel fuel, general merchandise, and
beverage and food products to the general public. Our refining
group or wholesale group supply substantially all the gasoline
and diesel fuel that the retail group sells. We purchase general
merchandise and food products from various suppliers. At
February 27, 2009, our retail group operated 153 service
stations with convenience stores or kiosks located in Arizona,
New Mexico and Colorado.
The main competitive factors affecting our retail segment are
the location of the stores, brand identification, and product
price and quality. Our service stations compete with Valero
Energy Corp., Alon Energy USA, K&G Markets (formerly
ConocoPhillips), Maverick, Circle K, Brewer Oil Company and
7-2-11 food stores. Large chains of retailers like Costco
Wholesale Corp. and Wal-Mart Stores Inc. have recently entered
the motor fuel retail business. Many of these competitors are
substantially larger than us and because of their integrated
operations, may be better able to withstand volatile conditions
in the fuel market and lower profitability in merchandise sales.
On February 27, 2009, our retail group had 102 convenience
stores branded Giant, one unit branded Western, and two units
branded Western Express. In addition, 33 units were branded
Mustang, 12 units were branded Sundial, and three units
were branded Thriftway. Gasoline brands sold at these stores
include Western, Giant, Phillips 66, Conoco, Sundial, Thriftway,
Shell, and Mustang.
Retail Segment Our retail group operates service stations, which include convenience stores or kiosks. The service stations sell various grades of gasoline, diesel fuel, general merchandise, and beverage and food products to the general public. Our refining group or wholesale group supply substantially all the gasoline and diesel fuel that the retail group sells. We purchase general merchandise and food products from various suppliers. At February 27, 2009, our retail group operated 153 service stations with convenience stores or kiosks located in Arizona, New Mexico and Colorado. The main competitive factors affecting our retail segment are the location of the stores, brand identification, and product price and quality. Our service stations compete with Valero Energy Corp., Alon Energy USA, K&G Markets (formerly ConocoPhillips), Maverick, Circle K, Brewer Oil Company and 7-2-11 food stores. Large chains of retailers like Costco Wholesale Corp. and Wal-Mart Stores Inc. have recently entered the motor fuel retail business. Many of these competitors are substantially larger than us and because of their integrated operations, may be better able to withstand volatile conditions in the fuel market and lower profitability in merchandise sales. On February 27, 2009, our retail group had 102 convenience stores branded Giant, one unit branded Western, and two units branded Western Express. In addition, 33 units were branded Mustang, 12 units were branded Sundial, and three units were branded Thriftway. Gasoline brands sold at these stores include Western, Giant, Phillips 66, Conoco, Sundial, Thriftway, Shell, and Mustang.
These excerpts taken from the WNR 10-K filed Feb 29, 2008. Retail Segment Our retail group operates service stations, which include convenience stores or kiosks. The service stations sell various grades of gasoline, diesel fuel, general merchandise, and beverage and food products to the general public. Our refining group or wholesale group supply substantially all the gasoline and diesel fuel that the retail group sells. We purchase general merchandise and food products from various suppliers. At February 22, 2008, our retail group operated 155 service stations with convenience stores or kiosks located in Arizona, New Mexico and Colorado. The main competitive factors affecting our retail segment are the location of the stores, brand identification, and product price and quality. Our service stations compete with Valero Energy Corp., Chevron, Alon Energy USA, Shell Oil Company and ConocoPhillips. Large chains of retailers like Costco Wholesale Corp., Wal-Mart Stores Inc., and Albertson’s Inc. are entering the motor fuel retail business. Many of these competitors are substantially larger than us and because of their integrated operations, may be better able to withstand volatile conditions in the fuel market and lower profitability in merchandise sales. On February 22, 2008, our retail group had 60 units branded Conoco pursuant to a strategic branding/licensing agreement. In addition, 31 units were branded Mustang, 29 units were branded Giant, 23 units were branded Shell, eight units were branded Phillips 66, two units were branded Thriftway, one unit was branded Mobil, and one unit was branded Sundial.
Retail
Segment
Table of Contents
The following tables reconcile fuel sales and cost of fuel sales
to net sales and cost of products sold:
The financial information for the twelve months ended
December 31, 2007, includes the results of the retail
segment acquired from Giant. Prior to the acquisition of Giant,
we did not have retail operations and, therefore, no comparable
information is presented.
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