Troubled convenience store chain files for Chapter 11 bankruptcy

Convenience store chains face many of the same challenges as grocery store chains and other retailers, trying to solve financial issues caused by the rising cost of products and labor driven by inflation.

Those minimarket chains that also sell gasoline are suffering from an additional problem that many are working to solve: the lack of electric vehicle charging stations.

The lack of charging stations can severely impact a convenience store’s revenue if EV owners do not stop in their stations and buy items in the store, as gas buyers often do.

One convenience store chain without charging stations is facing a bankruptcy filing, though the company has not indicated specifically if this was a problem contributing to its filing.

Eagles Investments Group files bankruptcy

Convenience store and gas station chain owner Eagles Investments Group Inc. filed for Chapter 11 bankruptcy protection to halt a foreclosure sale of certain properties after allegedly defaulting on loans held by SouthPoint Bank.

The Birmingham, Ala.-based convenience store retail chain filed its petition, No. 26-01630, in the U.S. Bankruptcy Court for the Northern District of Alabama on May 8 to reorganize, listing assets and liabilities of up to $50,000, according to PacerMonitor.

The company has not indicated a reason for filing for bankruptcy.

Debtor avoids foreclosure sale

Eagles Investments Group Inc. had allegedly defaulted on a mortgage held by SouthPoint Bank on three parcels in Lanett, Ala., according to a public notice published in The Lafayette Sun on May 6.

The three parcels were scheduled to be sold at a public auction to the highest bidder in front of the Chambers County Courthouse in Lafayette, Ala., on May 12, 2026, but Eagles Investments Group‘s Chapter 11 filing immediately invoked an automatic stay of all legal actions against the debtor while its bankruptcy case proceeds.

The foreclosure sale was originally scheduled for April 23, 2026, but was rescheduled to May 12, the public notice said.

Eagles Investments Group has 20 locations

Eagles Investments Group, which was founded in 2014, operates 20 combination gas station and convenience store locations in Alabama, mostly under the brand name EIG.

The C-store chain’s primary market is Birmingham, with eight locations serving the city.

Eagle Investments Group‘s stores provide a selection of fuel options, fresh food, snacks beverages, essential groceries, automotive supplies, and personal care products. The convenience store and gas station chain, however, does not currently offer electric vehicle charging stations.

Chain owner plans to add EV chargers

“We support the future of driving with electric vehicle (EV) charging stations and are in the process of bringing charging stations compatible with most EVs to Alabama,” the convenience store chain said on its website.

When owners of gas-powered vehicles stop at a convenience store and gas station, many drivers will stop inside the store and grab a cup of coffee, snacks, or maybe a lotto ticket to try their luck.

Those stores without EV chargers might be missing out on significant revenue from EV owners. Smaller operators are still catching up to the major chains that are adding EV chargers.

Major chains expand EV service

Major convenience store and gas station retailers, such as 7-Eleven, Wawa, and Sheetz, have recognized the EV opportunity and have been adding electric charging stations to their stations to bring those customers into their stores.

Wawa has installed over 210 chargers, Sheetz has over 650 chargers at 95 locations, and 7-Eleven is developing one of North America’s largest fast-charging networks, Grist reported.

Related: 54-year-old KFC rival fried chicken chain closes more locations

This story was originally published by TheStreet on May 10, 2026, where it first appeared in the Retail section. Add TheStreet as a Preferred Source by clicking here.