Big-name convenience store player files Chapter 11 bankruptcy

My car mostly runs connected energy and has a tiny two-gallon state backup. On agelong trips, I halt astatine state stations much often than I did with a accepted car, but the vessel fills quickly, and I seldom spell wrong the store.

Drivers of electrical vehicles are visiting convenience stores little often, contributing to declining in-store income for state retailers.

I’m not alone. Many EV owners are spending little time, and money, wrong state presumption stores. These shifts successful user behaviour are among the factors down the caller Chapter 11 bankruptcy filing of LKM Convenience, which operates state stations and convenience stores nether the Brothers Food Mart and Magnolia Express brands.

"LKM Convenience LLC, a Metairie, LA-based relation and sublessor of convenience stores and state stations, filed for section 11 extortion connected January 14, 2026, successful the Eastern District of Louisiana. The institution sought alleviation nether Subchapter V of the bankruptcy code, which provides a streamlined reorganization process for tiny concern debtors," according to a station connected X, the erstwhile Twitter, by RK Consultants.

The institution is an relation of convenience stores and state stations, not the proprietor of the brands.

"Managed by Lenny Motwani, the institution operates nether the Brothers Food Mart and Magnolia Express brands. The concern maintains a web of retail substance locations and convenience stores passim Jefferson Parish, with cardinal existent property assets situated successful Bridge City and Westwego. LKM Convenience has historically functioned arsenic some a nonstop relation and a maestro lessor for third-party petroleum retailers," according to RK Consultants.

The filing was confirmed by Bankruptcy Observer.

"The bankruptcy petition for LKM CONVENIENCE LLC showed assets successful the scope of $0-$100,000 with liabilities successful the scope of $1 cardinal to $10 million. LKM CONVENIENCE LLC reports that the fig of creditors is successful the scope of 1-49," according to Bankruptcy Observer.

Convenience stores that merchantability state person been suffering from 2 things: little state prices and level state sales.

Chris Rapanick spoke connected the contented astatine 2025's NACS State of the Industry Summit.

In “Industry Data You Can Use to Power Your Business,” Rapanick, who has been managing the NACS State of the Industry Enterprise for implicit 10 years, talked astir cardinal trends, challenges, and opportunities wrong the c-store industry, Convenience.org reported.

Falling state prices, helium noted, wounded operators who get paid a percent of sales.

"Fuel terms was down implicit 10% successful 2023 and implicit 6% successful 2024. Industry substance income were down $101 cardinal implicit the past 2 years. This has led to changes successful the c-store income mix, peculiarly among sites that bash not person a robust in-store offer," helium shared.