Chester Cadieux opened the first QuikTrip in Tulsa in 1958 with a $16,000 loan. The first QuikTrip stocked limited groceries and charged a high price for the convenience.
QuikTrip was successful and Cadieux quickly reached and passed his goal of opening 10 more stores in the Tulsa area. In 1971 QuikTrip began to sell self-service gasoline.
In 1980 QuikTrip introduced its own private label of gasoline, Redline. At the same time, the company began to introduce larger stores in high-traffic areas and canopies over the self-service gas pumps to protect customers from the wind and rain.
In the mid-1980s QuikTrip expanded to St Louis and Atlanta, and to Dallas-Fort Worth in Phoenix in 2000.
Starting in the 1990s, the company faced increasing competition from oil companies, who began to add convenience stores to their gas stations. One example is the Star Markets at Texaco stations. This competition eventually led to a decrease in the price of gasoline in 1993, which reduced the profit margin on gasoline but garnered volume sales for the company.
Today QuikTrip has more than 900 stores in the Midwest and the Southern United States. The company has 13,000 employees and had $9.16 billion in revenue in 2017.
While QuikTrip has 5 locations in the greater Illinois area, the company is expanding even further by remodeling old Kmart stores into QuikTrip stores in 2022.
QuikTrip maintains a corporate office in Tulsa, Oklahoma.
Chester Cadieux opened the first QuikTrip in Tulsa in 1958 with a $16,000 loan. The first QuikTrip stocked limited groceries and charged a high price for the convenience.
QuikTrip was successful and Cadieux quickly reached and passed his goal of opening 10 more stores in the Tulsa area. In 1971 QuikTrip began to sell self-service gasoline.
History
In 1980 QuikTrip introduced its own private label of gasoline, Redline. At the same time, the company began to introduce larger stores in high-traffic areas and canopies over the self-service gas pumps to protect customers from the wind and rain.
In the mid-1980s QuikTrip expanded to St Louis and Atlanta, and to Dallas-Fort Worth in Phoenix in 2000.
Starting in the 1990s, the company faced increasing competition from oil companies, who began to add convenience stores to their gas stations. One example is the Star Markets at Texaco stations. This competition eventually led to a decrease in the price of gasoline in 1993, which reduced the profit margin on gasoline but garnered volume sales for the company.
Today QuikTrip has more than 900 stores in the Midwest and the Southern United States. The company has 13,000 employees and had $9.16 billion in revenue in 2017.
While QuikTrip has 5 locations in the greater Illinois area, the company is expanding even further by remodeling old Kmart stores into QuikTrip stores in 2022.
QuikTrip maintains a corporate office in Tulsa, Oklahoma.