In the convenience store industry, retailers are faced with rising expenses and labor challenges. Many are choosing to grow through acquisitions or sell the company for a clean exit. Industry experts predict this trend will continue in 2026, with Maverik rebranding Kum & Go locations and Pops Mart selling to three buyers.

Pops Mart Fuel has sold its 54 convenience stores to three separate buyers. Sunoco LP acquired 36 stores, Petroleum Marketing Group acquired 7, and details on the other 11 were not disclosed. Financial details of the sales were not made public.

Pops Mart’s growth plans led to its sale to Sunoco LP and Petroleum Marketing Group. The decision was based on strategic and operational synergies between the firms, as well as the opportunity to expand further in the industry.

Pops Mart’s exit reflects a trend of consolidation in the convenience store industry. Smaller regional operators are selling assets due to tough operating conditions with stagnant growth and increasing competition. The acquiring companies have not announced plans to rebrand the Pops Mart stores.

Read more at Yahoo Finance: Popular convenience store chain dissapearing after sale