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US Convenience Stores: No Less than Community Service
Apr 03, 2006
The convenience stores in the neighborhood of America are great supporting business to the people residing there. On average each of the stores generates more than $2.7 million in annual grocery, food service, gasoline, and merchandise sale. Each convenience store employs at least ten local citizens. The stores enable monetary and in-kind support to charities, youth and other community activities. Currently the convenience store industry is established in 124,500 locations employing nearly 1.4 million persons.
Convenience stores in the US have other advantages. The sales and tax collection generate revenue at every level of the country’s government– city, county, state and federal. These taxes and excise collected are on products like fuel, tobacco products, alcohol products, and packaging.
The convenience stores are spread over a radius of 2-4 miles. The stores’ owners and employees belong to the community that the store serves and live in the vicinity. These stores support numerous national and local charities and community programs such as sponsoring Little League teams, contributing to annual charity drives and organizing events for the community they serve.
There are other groups of people like business travelers, sales professionals, technicians and other workers who rely on convenience stores for various things beyond their morning paper, coffee and fill-up. Convenience stores provide phone, fax, and Internet services and gain significantly to both parties’ businesses. Three out of every four stores offer ATM services, as also money order services provided in 79% of the stores.
RNCOS in a recently published market research report named, “State of the US Convenience Store Industry – A Market Analysis (2005)” provides a comprehensive picture of the retail industry across United States. The report contains data on consumer behavior and discusses the consumer needs that emerge in convenience channels. It suggests the various ways to utilize the opportunities in retail sales with respect to visits and spending in the stores, for the benefit of the manufacturers and retailers.
The report deals with strategic and technical information for the purpose of product suppliers, supply chain managers, investors and financial analysts and retail store equipment vendors to judge the market performance and make appropriate decisions.
For more information visit: http://www.rncos.com/Report/CP07.htm
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