National Association of Convenience Stores (NACS) working in partnership with Convenience Store/Petroleum (CSP), released a State of the Industry Summit report in April 2009. Data is based on 156 retail chains with 20,000 convenience stores. Of particular interest:
For 2008, while the total number of stores (in the U.S.) dropped one percent, total industry sales rose more than 8 percent and industry pre-tax profits rose 54 percent.
If you remove fuel sales, store sales still increased 3.2 percent. And while total fuel gallons dropped 2.4 percent, average selling price per gallon grew 16.1 percent. Fuel represented 75 percent of total stores sales contribution, but only 32 percent of total growth margin dollar contribution.
CSP TV recorded a video highlighting key points here.
