It’s been a tough, long slog, but the U.S. economy is finally moving reliably in the right direction. Several factors, including falling unemployment rates, growth in household income, higher housing starts and vehicle sales, as well as a projected increase in the growth rate of gross domestic product, are all positive signs.
Convenience stores have been the best-performing segment for foodservice at retail over the past three years, increasing traffic each year. Here's a look at traffic trends and what consumers are looking for when shopping for food in a c-store.
Convenience store unit sales of nonchocolate candy fell 1.2% in 2013, with declines in novelty, nut/coconut and hard sugar candy, as well as plain mints. Chewy candy, the largest segment, gained slightly in unit sales.
Convenience store unit sales of meat snacks fell nearly 1% in 2013, with dollars up around 2%, according to IRI. The largest segment—jerky, with more than 41% of dollar sales—grew dollar sales nearly 6% but lost ground on unit sales.
Plunge in oil prices sets the stage for record margins and boost in in-store sales. Also In This Issue: Profitability skyrockets for top performers! Other channels seek to redefine convenience! The economy enters a new stage. The growing health-and-wellness trend. Fuel demand; oil's slide; multicultural momentum; and data, data, data!