QUICK LINKS: Videos  |  Micromarkets |

Redemption Report

|

Classifieds

|

Buy a Classified Ad

|

Editorial Calendars

|

Circulation Data

|

Downloads

|

Bookstore

|

Date Book

Search:      

Bookmark this site




Issue Date: Vol. 53, No. 9, September 2013, Posted On: 8/22/2013


Convenience Store Sales Gain Ground


Hank Schlesinger
swag@earthlink.net
TAGS: bulk vending location, c-store sales, convenience store statistics, Association for Convenience & Fuel Retailing, NACS, NACS State of the Industry Report

ALEXANDRIA, VA -- There is some good news in the latest industry report from the Association for Convenience & Fuel Retailing, which still goes by NACS. The NACS State of the Industry Report for 2012 is based on data submitted by retail companies, which reported their highest year for sales.

In 2012, according to the report, the convenience store industry posted record sales of $700.3 billion. In-store sales increased 2.2% to reach $199.3 billion, and motor fuels sales increased 2.9% to $501 billion, both record tallies. Convenience store pretax profits also hit a record with $7.2 billion in 2012, but taken as a percentage of total sales, profits only moved from 1.027% to 1.028% of total sales.

According to the NACS study, in-store sales growth last year was driven by double-digit gains in several subcategories, including alternative snacks (12.2%), which include meat snacks, along with health, energy and protein bars. Other subcategories are liquor (11.6%), cold dispensed beverages (11.3%) and sweet snacks (10.3%).


Topic: Small Business News

Articles:
  • Business Email Compromise Continues As Serious And Evolving Problem
  • As Economy Improves, Traffic Congestion Increases To Surpass Pre-Recession Levels
  • Congress Passes Temporary Highway Funding Bill - Again
  • Highway Funding Bill Stalls In Congress
  • Gas Prices Drop Unexpectedly As Summer Driving Season Peaks

Copyright © 2015 Vending Times Inc. All rights reserved. 
P: (516) 442-1850 | F: (516) 442-1849 | subscriptions@vendingtimes.net
55 Maple Ave. - Ste. 304, Rockville Centre, NY 11570