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