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2019 STATE OF THE INDUSTRY SUMMIT HIGHLIGHTS

2019 STATE OF THE INDUSTRY SUMMIT HIGHLIGHTS

On paper, the convenience-store industry seems unstoppable. In 2018, it broke the profit barrier for the third time in the past five years, hitting $11 billion, according to preliminary figures presented at the NACS State of the Industry Summit. Total sales rose for the third year in a row, up 8.9% to reach $654.3 billion. Despite this growth, one thing was clear at the summit: It probably can’t last. Here, CSP distills the data, the trends and the technologies that are reconfiguring the c-store industry’s place in retailing.

IN-STORE SALES

TOTAL INDUSTRY SALES

Inside c-store sales grew 2.2% in 2018 to hit $242.2 billion, a modest increase compared to a nearly 13.2% jump in fuel sales, inflated by higher gasoline prices.


Source: NACS preliminary data. Final data to appear in the NACS® State of the Industry Report of 2018 Data.

Category Data



“In the next five years, technology will continue to empower the fickle consumers.”
Gray Taylor, executive director, Conexxus

SPEAKER HIGHLIGHTS

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