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Convenience Store News 2010 Industry Report Study
Stagnito Media, Jan 2010, Pages: 42
For the first time in the 35-year history of the Convenience Store News Industry Report, total convenience store sales in 2009 declined, plunging 20% to $505.7 billion. The drop was mostly due to a 29% decrease in motor fuel revenues during a recessionary year when gas prices fell by 28 percent from the year before.
Fuel consumption was also down as Americans drove less and more fuel-efficient vehicles joined the nation’s auto fleet. The recession also reduced trucking traffic, further hurting diesel sales. Report includes sales, margins on all the major product categories and subcategories in a convenience store, plus exclusive operating data.
The 2010 CSNews Industry Report is a study in contrasts, as the Great Recession affected sales and profit figures in many different, and often contradictory ways. For example: Store count declined for the second year in a row, but unlike in 2008, more chain-owned stores disappeared than those operated by a single-store owner.
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