20-Miami Real Estate-The Convenience store industry
Convenience store industry
Total convenience store industry sales, including motor fuels, rose 8.6 percent last year to a record of to a record of $568.8 billion, according to convenience store news. Driven by the rising price of gasoline, motor fuel sales ballooned to $406.9 billion. A 10.6 percent increase over 2006. Total gross profits per store increased since last year. CSNNews has partnered with leading companies to provide the industry with the most comprehensive and actionable benchmarks and insights available.
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Through revealing retailer surveys and extensive data, the report explains the total convenience industry picture, and examines the trends and sales results of the key merchandise and foodservice categories. Convenience stores are changing the nature of convenience. They’ve been expanding their offerings over the last few years, with stores becoming part supermarket, gas station, restaurant and even bank or drugstore. One stop shopping stops. Convenience stores have an unmatched speed of transaction: the average time it takes a costumer to walk in, purchase an item and depart is between 3 to 4 minutes. The breakdown is the following: 35 seconds to walk from the car to the store, 71 seconds to select the item(s), 42 seconds to wait in line to pay, 21 seconds to pay and 44 seconds to depart the store. The results of convenience stores are convenient, beneficial, and fast. Here you have your proof!
