Tuesday, March 1, 2011

Make that two tacos: Stripes keeps on growing on strentgh of Laredo Taco Company

Ok, how'd they get that much tin foil up there?

Although I personally don't purchase many tacos at Stripes, I can attest to the fact that their business is booming. Whenever I have stopped by in the mornings to buy some gas or the heralded LMT, It's been a challenge to get in and out of their parking lot. It's safe to say that  Stripes continues to enjoy brisk business and more often then not, customers walk out of there with some taquitos in hand. Thanks to the Laredo Taco Company, Stripes' parent company is planning a record number of news stores for the comming year.

From Cspnet.com by Steve Holz

"During this coming year, we expect to complete construction of 18 to 22 new retail stores, which will be a record for us," said Susser. "We have six stores already under construction, two of which should be open by the end of the first quarter. We will commence construction on five to six more units by the end of March."
Added Stripes president and CEO of retail, Steve DeSutter,

The record new-store growth comes at a time when Susser Holdings has good reason to be optimistic.
"With a rapidly growing Hispanic population, the Rio Grande Valley and Laredo areas continue to enjoy some of the best demographics for growth of anywhere in the United States," said Susser, whose Laredo Taco Co. foodservice concept has seen great growth.

"Census data release last week shows that Texas is growing at a much faster rate than any other state and that Hispanics make up 38% of the Texas population, up from 32% a decade ago. This rapidly growing segment accounted for 65% of the state's growth of the past 10 years, and accounts for 95% of the increase in the population under age 18.

 Our product offering and our geographic footprint position us to benefit from this very positive trend."
He added, "Customer count and transaction size continue to grow as consumers respond positively to the rebranding and remodeling of the legacy Town & Country stores to the Stripes and Laredo Taco Co. brands."

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