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Convenience Store Sales Topped $700 Billion in 2012
The convenience store industry had record sales of $700.3 billion in 2012, with in-store sales increasing 2.2% to reach a record $199.3 billion and motor fuels sales increasing 2.9% to a record $501 billion, according to figures released by the National Association of Convenience Stores. ...
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In Convenience Stores: More Food, Fewer Cigarettes
Sandwiches are the new cigarettes, at least as far as 7-Eleven is concerned. Traditionally a reliable source of profit for convenience stores, cigarette sales are waning -- and food, from fresh fruit to mini-meals, is rising to take its place. ...
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C-Stores Driving Traffic With Coffee Promos
Specials are brewing nationwide as convenience stores pour on the promotions to perk up profits from the coffee category.
7-Eleven Inc.'s fourth annual 7-Election Presidential Coffee Cup Poll, which lets customers vote by picking a blue donkey- or red elephant-themed cup, is in full swing. Meanwhile, Pumpkin Spice coffee has returned to Wawa Inc.'s stores, while Pumpkin Spice cappuccino is wooing The Pantry's Kangaroo Express customers through this fall. And promotions aren't limited to a single season. ...
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High Fuel Prices Propel Convenience Store Sales in 2011
Total convenience store sales set a record high in 2011, according to data released by the National Association of Convenience Stores.
Convenience store sales in 2011 totaled $681.9 billion, or one out of every 22 dollars of the overall $15.04 trillion U.S. gross domestic product, NACS reported. Motor fuel sales, driven by higher fuel prices, rose 27.1 percent to $486.9 billion, while in-store sales grew 2.4 percent to a record $195 billion. ...
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Convenience Stores Feeling the Effects of Higher Fuel Prices
Rising oil prices are forcing consumers to cut back on purchases at gasoline stations and convenience stores, Gulf Oil LP CEO Joseph Petrowski told CNBC. In an interview on Tuesday, Petrowski said both the number of fuel gallons and merchandise sold at Gulf is down as a result of the record February gas prices. ...
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Competition Mounting for Convenience Shoppers' Attention
Grocery, Other Retail Outlets Increasingly Appealing to On-the-Go Consumers
Convenience stores -- which have traditionally served all the needs of consumers looking for a convenient location, a quick grab-and-go purchase and long hours of operation -- are finding themselves being upstaged increasingly by other retail outlets that are filling those needs and other consumer preferences, according to research by The NPD Group. ...
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Convenience Store Growth Poses Threat to Quick Service
Convenience stores that sell food and beverages continue to steal market share from limited-service restaurant chains, new research finds.
While quick-service chains have expanded their operating hours and menus to operate across all dayparts and capture consumers trading down from casual and fast-casual competitors, they still face threats from convenience stores. ...
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Convenience Stores Emphasize Community Service
Giving back through community service efforts and charity donations is a positive force that keeps many retailers and suppliers of this industry moving ahead. On a regular basis, Convenience Store News highlights these philanthropic efforts. ...
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Beverages Rise to the Top at Convenience Stores
When looking at convenience store categories growing fastest by dollar and unit sales in 2011, beverages rise to the top, led by energy and sports drinks and ready-to-drink tea, according to SymphonyIRI.
But even the largest of all beverage categories -- carbonated soft drinks (CSDs) -- has shown some upward lift after several years in a sales morass, said CSP's Midyear Category Data Report. ...
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A 'Peak' at Convenience Store Customers
Morning and evening commutes are peak times for super heavy users of convenience stores to visit, while moderate and light users tend to visit more during the evening commute, according to research by The NPD Group, a leading market research company.
NPD's Convenience Store Monitor, which tracks the consumer purchasing behavior of more than 51,000 c-store shoppers in the United States, identifies super heavy users as those who visit c-stores an average of 22.0 times a month, heavy users visiting 9.6 times a month, moderate shoppers visiting 5.0 times a month, and light users with 1.9 visits a month. ...
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Foodservice Driving Convenience Store Visits
Foodservice has become a key area of opportunity for convenience stores across the country. As revenues from gasoline and tobacco products fall, foodservice sales increasingly are becoming c-stores' most profitable category, according to Technomic Inc.'s Convenience Store Foodservice Consumer Trend Report. As more c-stores increase their focus on providing a wider variety of fresh, high-quality food offerings, competition is heating up within the market -- and the foodservice industry as a whole. C-stores are striving to gain a greater share of stomach and to compete with restaurants. ...
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