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Convenience Stores & Truck Stops
First Research, March 2013, Pages: 10
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Brief Excerpt from Industry Overview Chapter:
Companies in this industry operate physical retail locations that primarily sell fuel, groceries, cigarettes, and alcoholic beverages. Major companies include 7-Eleven (the North American subsidiary of Seven-Eleven Japan); Circle K (a division of Canada-based Couche-Tard); Love's; and The Pantry.
The US convenience store (c-store) and truck stop industry includes about 120,000 stores with combined annual revenue of about $490 billion and is expected to grow at a low rate in the next two years. Key growth drivers are consumer and commercial driving habits, economic trends, and fuel pricing.
The industry includes establishments that are gas station/c-store combinations, as well as c-stores that don't sell fuel. Gas stations that don't include c-stores are covered in a separate industry profile.
Consumer and commercial driving trends drive demand. The profitability of individual stores depends on competitive pricing, effective merchandising, and the ability to secure high-traffic locations. Large companies have advantages in purchasing and finance. Small companies can compete effectively by acquiring superior locations or offering specialized merchandise or services. The industry is fragmented: the top 50 companies account for about 40 percent of industry sales.
Because c-stores sell gas, food, and other types of merchandise, companies compete with a wide range of retailers, including gas stations, grocery stores, mass merchandisers, and warehouse clubs. C-stores that sell prepared meals also compete with restaurants.
PRODUCTS, OPERATIONS & TECHNOLOGY
Fuel accounts for about 75 percent of sales; other sources of revenue include groceries, cigarettes, and alcoholic...
1. Industry Overview
2. Quarterly Industry Update
3. Business Challenges
4. Business Trends
5. Industry Opportunities
6. Call Preparation Questions
7. Financial Information
8. Industry Forecast
9. Web Links and Acronyms
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