Category: Convenience store news industry report

These topics include hot button issues NACS is watching closely, as well as topics that are important to convenience retailers and their businesses. Among the states, Texas continues to lead in store count at 15, stores, or more than one in 10 stores in the country. California is second at 11, stores, followed by Florida 9,New York 8,Georgia 6,North Carolina 6,Ohio 5,Michigan 4,Pennsylvania 4, and Illinois 4, Texas gained stores, California added 60 and Florida added eight, while the other states rounding out the top 10 lost stores.

The three states with the lowest store counts are Alaska storesWyoming and Delaware Except for the dollar store channel, all other major channels had fewer units at year-end Nielsen calculations are based in part on data reported by Nielsen for the period ending December 31,through its TDLinx service for retail channels.

Nielsen determines its convenience store count using the store definition that requires stores to include a broad merchandise mix, extended hours of operation and a minimum of stock-keeping units SKUsamong other factors. Jeff Lenard V. Log In Store Help. Search convenience. We relentlessly advocate for our members against harmful laws and regulations that can negatively impact their bottom lines. Learn More. Keep up with all events that's happening in the industry. We are always looking for dynamic speakers to share their expertise with our members.

Submit your speaker proposal or simply add your name to our speaker database. Join Us. International Retailers non-U. Renew Membership. Check out the Benefits. Existing members, renew your membership to continue to access benefits and tools that your organization needs to thrive in today's competitive market place. Renew Now. Download PDF.These topics include hot button issues NACS is watching closely, as well as topics that are important to convenience retailers and their businesses.

Log In Store Help. Search convenience. We relentlessly advocate for our members against harmful laws and regulations that can negatively impact their bottom lines.

Learn More. Keep up with all events that's happening in the industry. We are always looking for dynamic speakers to share their expertise with our members. Submit your speaker proposal or simply add your name to our speaker database. Join Us. International Retailers non-U.

Renew Membership. Check out the Benefits.

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Existing members, renew your membership to continue to access benefits and tools that your organization needs to thrive in today's competitive market place.

Renew Now. Download PDF. Our audience is part of a U. Advertise With Us. Read the latest issue of NACS Magazine for a monthly dose of insights, industry data and best practices from leading retailers.

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Contact Us for Schedule. The NACS Leadership for Success program provides rising leaders in the industry an invaluable opportunity to discover personal strengths that they can use to grow their career while creating a more profitable performance-oriented environment within their company.

NACS Media has partnered with thought leading suppliers in our industry to bring you a series of educational webinars.

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We offer best-in-class education for convenience industry leaders who are driven to gain the subject matter expertise and leadership skills needed to successfully respond to the challenges of a competitive industry.

Changes in Customer Behavior During the Pandemic.From delivery and breakfast all day to sustainable, plant-based and healthy, eating patterns are evolving and c-stores are adapting to own the marketplace. Foodservice customers want higher-quality items faster and customized on their terms. According to market intelligence agency Mintel, this year the foodservice landscape is set to experience big changes, with customers demanding increased awareness and responsibility from foodservice operators on social and environmental issues, as well as innovation in technology-enabled customer service.

Food customers want to align themselves with brands that fit their lifestyle and values, Mintel indicated. As foodservice establishments struggle to retain talent amid high labor costs and shortages, operators are expected to focus on employee well-being and giving back to the communities they serve.

In fact, food delivery trends are impacting restaurant traffic numbers overall. At the end of last year, research firm Q1 Consulting LLC saw sales increased in traditional restaurants, but traffic fell.

Food delivery caused the difference, explained Julie Heseman, principal with Q1 Consulting. C-stores are responding by increasingly providing more traditional restaurant sections, often with made-to-order foods, in addition to cold-case grab and go.

Breakfast, healthy foods and grab and go continue to grow as trends c-stores are in prime position to capitalize on in the new year. Meanwhile packaging, food safety and technology are areas where savvy c-stores are upping their game to stand out in a crowded marketplace with an overabundance of options. Customers want breakfast all day, and they crave dinner for breakfast.

Examples of PM Breakfast include positioning a burger—a traditional lunch or dinner daypart item—as a breakfast burger by adding an egg; or adding egg, chorizo or maple pork sausage to pizza to create a breakfast pizza.

An egg provides a quick, easy, cost-effective way to add protein. Breakfast foods are also appearing across dayparts. Ethnic flavors also continue to entice. Mexican flavors have become a standard breakfast flavor.

Foodservice operators are further enticing adventurous palates with complex or less well-known versions of salsa like Salsa Verde, or more obscure Mexican-style cheeses. Middle Eastern fare is growing as a trend, leading to new opportunities. Labneh, a soft cream cheese made from strained yogurt, represents the next trend forward step after Greek yogurt, Rodriguez said.

Labneh is thicker than Greek yogurt making it less messy and therefore possible to include as an ingredient in handheld items. Dessert-inspired breakfast is another big trend: think red velvet pancakes with cream cheese frosting. For c-stores, simply adding a butterscotch or caramel sauce to an existing breakfast item, such as French toast sticks, can be a quick on-trend addition.

The program is on-trend in that it fits the PM breakfast, dessert-inspired breakfast and daypart blurring trends.These topics include hot button issues NACS is watching closely, as well as topics that are important to convenience retailers and their businesses. From frictionless store experiences to innovative foodservice offers, retailers today are operating the convenience store of tomorrow.

Log In Store Help. Search convenience. We relentlessly advocate for our members against harmful laws and regulations that can negatively impact their bottom lines. Learn More. Keep up with all events that's happening in the industry. We are always looking for dynamic speakers to share their expertise with our members.

convenience store news industry report

Submit your speaker proposal or simply add your name to our speaker database. Join Us. International Retailers non-U. Renew Membership. Check out the Benefits. Existing members, renew your membership to continue to access benefits and tools that your organization needs to thrive in today's competitive market place. Renew Now. Download PDF. Our audience is part of a U.

U.S. Convenience Store Count

Advertise With Us. Read the latest issue of NACS Magazine for a monthly dose of insights, industry data and best practices from leading retailers. Contact Us for Schedule. The NACS Leadership for Success program provides rising leaders in the industry an invaluable opportunity to discover personal strengths that they can use to grow their career while creating a more profitable performance-oriented environment within their company.

NACS Media has partnered with thought leading suppliers in our industry to bring you a series of educational webinars. We offer best-in-class education for convenience industry leaders who are driven to gain the subject matter expertise and leadership skills needed to successfully respond to the challenges of a competitive industry.

Coronavirus Webinars. Topics include accessing paycheck protection loans and available small business tax credits; how to access treasury department funding under the CARES Act; and understanding the paid time off requirements during the COVID pandemic. Disaster Preparedness. Essential Business Letters for Employees. NACS has created a template letter for retailers to give employees that recognize them as essential workforce in the event that they are stopped when traveling to and from work.

Healthier Product Calculator. This web-based nutrition resource helps convenience stores identify products as being healthier options and assist them in defining their better-for-you sets. Bright Ideas. By Doug Kantor What convenience retailers need to know about complying with recent-enacted regulations. View All Products. Take Action. Give Your Commute A Boost Convenience Matters covers topics ranging from community engagement and fuel to advocacy and interviews with industry leaders—all in just 20 minutes!

Listen Now. About NACS. Industry Partners.

convenience store news industry report

For Suppliers.These topics include hot button issues NACS is watching closely, as well as topics that are important to convenience retailers and their businesses.

Overall, total convenience store sales in were 3. Fuel sales accounted for There were signals that fuel demand would slowly erode in Even with a lower price per gallon at the pump inconsumers said they were making fewer stops to refuel, which translates to less trips per week to a convenience store. Fuel demand collapsed beginning in mid-March as social isolation practices curtailed commuter and highway traffic.

As of April 1, all but five states had issued stay-at-home orders, which will surely translate to significantly fewer vehicle miles traveled, vehicle sales, fuel consumption and trips to convenience stores to refuel in the months ahead.

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Workforce Investments Increases in direct store operating expenses DSOE continued to create challenges for convenience retailers, with new business investments contributing to a higher DSOE, which increased 6. Credit and debit card fees increased 6.

Considerable changes in DSOE are expected in Many retailers could see added DSOE costs related to more frequent and deep cleaning and sanitation procedures and new safety measures like installing plexiglass guards and other personal protective equipment investments.

Overall, wage expenses increased 7. These figures are expected to increase even further in as many convenience retailers announced temporary hourly wage increases and bonus pay for frontline hourly and part-time employees during the coronavirus pandemic. Foodservice: Bright Spot Infoodservice growth suggested that consumers rely on their local convenience store for snacks and meals.

Foodservice sales saw a 4. Foodservice also drove overall success at stores: Top quartile performing companies sold 7.

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Foodservice sales in have been affected by the extra precautions that retailers have taken to decrease the risk of potential contamination by removing self-service options for roller grills, bakery cases, and cold, frozen and hot dispensed beverages. For some retailers, that meant moving self-serve foods and coffee behind the counter so that an employee can serve the customer. For others with extended prepared foodservice programs, this meant shutting down seating areas or continuing foodservice menus and barista services via touchscreen ordering.

In-Store Sales Inthe main categories as a percentage of overall in-store merchandise sales included:. In the absence of on-premise licensed beverage sales during the pandemic, many c-stores this year could see a bump in beer, wine and liquor sales as consumers comply with stay-at-home orders and dine-in at home.

Log In Store Help. Search convenience. We relentlessly advocate for our members against harmful laws and regulations that can negatively impact their bottom lines. Learn More. Keep up with all events that's happening in the industry. We are always looking for dynamic speakers to share their expertise with our members. Submit your speaker proposal or simply add your name to our speaker database.

Join Us. International Retailers non-U.Indeed, according to TrendSource's end-of-year Convenience Store Industry Report, two of the biggest trends shaping Convenience Stores' current and future landscape--in-store cannabis sales and frictionless checkout technology--will both pivot around generational differences as older consumers prove relatively more resistant than younger ones. TrendSource's VP of Business Development Sarah Rowlett noted, "As convenience stores enter the next decade market research will become increasingly important to ensure new initiatives are properly implemented in order to stay ahead in a very competitive landscape.

One particularly salient issue facing c-stores relates to cannabis products. Though laws have yet to entirely coalesce, savvy operators should already be preparing for a world in which cannabis-derived products, particularly CBD products, will appear on C-store sales floors.

convenience store news industry report

And while it might be tempting to assume that such products may alienate current consumers, our report suggests that even non cannabis users are comfortable shopping in a convenience store with such products.

In fact, the only resistance c-store cannabis products seems to come from the silent generation where opposition to cannabis remains firm, but in every younger generation from boomers all the way to the youngest respondents there is comfort if not enthusiasm.

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Operators should remember this as this issue becomes more and more pressing in the years to come. Issues surrounding in-store automation similarly break along generational lines with younger consumers proving far more interested in and comfortable with frictionless checkout and other technological innovations. Older consumers, particularly in the silent generation, expressed concern about automation obviating in-store employees--they are uncomfortable with machines taking jobs away from people.

While millennials similarly expressed concern about this potential, the majority proved willing to overlook this so long as automation makes their in-store experience more convenient. While there may be some resistance to implementing technologies to streamline the checkout process, this resistance will likely prove short-lived.

As these technologies become table stakes thanks to Amazon Go, c-store operators should begin considering the most efficient and effective ways to begin going frictionless.

Beyond these trends, the full report offers in-depth explorations of several other pertinent topics including consumer's desire or lack thereof for fresh and prepared foods, their feelings about safety and comfort within c-stores, and the coming challenge of omnichannel grocery delivery.

Find out the answers to these and many other questions by downloading the full report.

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Find News. Follow us on:. Also check out:. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of ServiceCookie Policyand Privacy Policy.We are tracking the latest COVID updates and recommendations for the convenience-store industry to stay informed. Follow our LiveBlog here. Opportunities and headwinds for growth that will continue to guide the industry after the pandemic. Beer company pairing with cannabis company to explore nonalcohol hemp-derived drinks in U.

The latest information on products and trends in the convenience-store and foodservice industries. Peek inside new convenience stores to uncover the best in retail store design across North America. Watch this spot for the latest news, and visit here to see our complete coverage. Resources Coronavirus Sales Watch.

Read the latest news updates. Learn about the Helping Hand program. Featured News. Company News 10 Takeaways on the State of C-Stores Opportunities and headwinds for growth that will continue to guide the industry after the pandemic. Skupos Data Update: Week of April 5. Gallup, N. Cowen, Nielsen highlight category sales growth. Providing one meal for every item purchased at its c-stores. Fuels Top Convenience Stores. Power Trailblazing Store Design. As people settled in, two categories emerged as c-store priorities, SOI speaker says.

Mastercard allows direct deposit instead of check by mail. Parent company of Eby-Brown providing financial initiatives, community support. Companies are working on Christmas novelties, exploring snack category. State of the Industry Will c-store sales and profit streaks overcome the forces of change? Company News Corporate retail news affecting the convenience-store industry. Convenience Store Products The latest information on products and trends in the convenience-store and foodservice industries.

Grand Openings Peek inside new convenience stores to uncover the best in retail store design across North America.


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