May 2004
Convenience Store News;5/3/2004, Vol. 40 Issue 6, p28
Trade Publication
The article presents results of the financial performance of the convenience store industry during the year 2003. For the first time in recent memory, the number of convenience stores in the industry has decreased. Inside the store, several categories countered tax and pricing increases by concentrating on innovative new products and merchandising as well as by broadening their focus on categories outside the mainstream. Total industry sales rose by 13.9 percent for the year. Motor fuel sales, which account for 65 percent of the total, drove this increase, jumping by 19.6 percent to $218.8 billion for the year.


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