RaceTrac Petroleum, Inc. · Atlanta, GA United States
Company Description
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This link will open in a new window RaceTrac Petroleum hopes it's a popular pit stop for gasoline and snacks in the Southeast. The company owns more than 525 gas stations and convenience stores in about a dozen states under the RaceTrac and RaceWay names. (RaceWay stores are operated by independent contractors.) The chain plans to grow by adding between 35 and 45 new locations annually. Carl Bolch founded RaceTrac in Missouri in 1934. His son, chairman and CEO Carl Bolch Jr., moved the company into high-volume gas stations with long, self-service islands that can serve as many as two dozen vehicles at one time. RaceTrac's convenience stores sell fresh deli food and offer some fast-food fare. The Bolch family owns the company. To read the full description, subscribe now.
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Key RaceTrac Petroleum, Inc. Financials
| Company Type | Private Headquarters |
| Fiscal Year-End | December |
| 2007 Sales (mil.) | $5,520.0 |
| 2007 Employees | 3,812 |
RaceTrac Petroleum, Inc. Executives
5 executives listed for RaceTrac Petroleum, Inc.'s Atlanta, GA location.
| Title | Name & Bio | Contact |
| Chairman and CEO | Carl Bolch | Network |
| President | Max Lenker | Network |
| SVP, Operations | Ben Tison | Network |
Competition
Competitive Landscape for RaceTrac Petroleum, Inc.
Demographics and small business growth drive demand, and spending in warehouse clubs generally resists economic cycles. The profitability of individual companies depends on high volume sales, low-cost purchasing, and efficient distribution. Large chains dominate the market due to advantages in purchasing, distribution, and finance. Average annual revenue per employee is about $304,000. Warehouse clubs have grown rapidly. Industry sales increased at an annual average rate of 35 percent between 1998 and 2008, compared to 16 percent for all general merchandise stores. The number of warehouse club stores more than doubled between 1998 and 2008, with expansion coming at the expense of grocery stores and department stores. Warehouse clubs differ from superstores by requiring a membership to shop. Superstores typically offer a wide range of products, while warehouse clubs offer a limited selection. Both types of retailers sell products across many categories including food, and both compete with grocery stores, mass merchandisers, department stores, drugstores, specialty retailers, and wholesalers. Some retailers, such as Wal-Mart, operate warehouse and superstores as well as traditional discount stores. To read the full description, subscribe now.Top RaceTrac Petroleum, Inc. Competitors
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