Poor sales – not ongoing bankruptcy woes – forced Appalachian Oil to close its Glade Spring convenience store, company CEO Marty Anderson told the Bristol Herald Courier Thursday.
But it’s not a sign of things to come for the company, especially now that there is a new plan to stock remaining store shelves and fill gas pumps as soon as next week, he said.
Appalachian Oil, a Blountville, Tenn., company also known as Appco, shuttered gas station-convenience store No. 53 Wednesday, just days after a temporary freeze on employee paychecks and a week after laying off 25 workers, mainly truck drivers, administrative personnel and maintenance workers.
So far, the Glade Spring store is the only one closing among Appco’s 55 stores in Virginia, Tennessee and Kentucky.
CLICK HERE for the full report.comments powered by Disqus