TITLE

Getting Back On Track

PUB. DATE
January 2006
SOURCE
Convenience Store News;1/16/2006, Vol. 42 Issue 1, p28
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article presents information on the performance of convenience stores in the U.S. Many retailers reported a slower start than expected in the first two quarters. The impact of Hurricane Katrina's devastation--followed by Hurricane Rita a few weeks later--is still being felt on the economy today, and probably will be for some time. Today, however, retailers and petroleum marketers say the oil industry bonanza of 2005 passed them by. Meanwhile, major oil companies have posted record profits. Maureen Maguire, founder and president of ThinkResearch, a specialist in general economic trends and forecasting, noted that consumer as well as business confidence is on the rise. Job growth is also bouncing back after Katrina. Certainly the impact on energy bills as well as gasoline prices will affect that spending, though most analysts agree the average price of crude oil will stabilize in 2006. INSET: Methodology.
ACCESSION #
19510055

 

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