Convenience stores have become a destination for millions of consumers seeking fast food and a one-stop shopping experience. This revenue stream has grown significantly in recent years and is only expected to grow more as electric vehicles require patrons to spend more time on site than those who are filling their cars with gasoline. Here's what c-store operators need to know about the changing landscape of foodservice within this important segment.
With all the pandemic restrictions on gatherings and movements, everyone expected the downfall of business activities and the cutback on profits. Surprisingly for c-stores, this has not been the case. Data released by the NACS State of the Industry show that convenience retailers were unshaken during the pandemic period that affected global economies.
In recent years, convenience stores have become a foodservice destination. The convenience store, once serving as a quick stop to grab a candy bar or a soft drink, has transformed into an amalgam of coffee shops, quick-service, and fast casual restaurants. Busy consumers are looking for convenience and quality when it comes to foodservice, and c-stores are more equipped than ever to provide just that.