Convenience stores are a sort of retail business designed to offer people access to a handy spot where they may rapidly purchase a comprehensive range of consumables and services. More generally, convenience stores offer mostly food and gasoline. The Federal Government imposes no legal requirements, but these are the prevalent type of definition. Typically, convenience stores:
- Vary in size significantly, but are usually less than 5,000 square feet.
- There is limited parking or easy pedestrian access.
- Hours of operation are limited, with the majority operating 24 hours a day, seven days a week.
- Around 500 SKU (stock keeping units) are sold.
- The product range includes grocery type goods and items from three groups: beverages, snacks, and tobacco, around 2,400 square feet of packaged consumer goods. NACS’s “Convenience Store Industry Marketing Strategies and Store Formats” research paper identifies six convenience store formats. These include:
- Kiosk is less than 800 square feet. Items such as tobacco, beverages, snacks, and confectioneries are sold, with in-store sales accounting for approximately 10% of sales.
- Mini Convenience Store- This format is between 800 to 1,200 square feet
- Limited Selection Convenience Store-These stores range from 1,500 to 2,200 square feet
- Traditional Convenience Store- They are about 2,500 square feet and offer a product mix that includes dairy, bakery, snack foods, beverages, tobacco, grocery, confectionery, prepared foods to go, fresh or frozen meats, gasoline, various services and limited produce items.
- Expanded Convenience Store-These stores are 2,800 to 3,600 square feet and can accommodate more shelving for additional grocery products, or room for significant foodservice operations and seating. These stores carry traditional convenience store items.
- Hyper Convenience Store- These large stores are 4,000 to 5,000 square feet and offer a variety of products and services by department. For example, stores may offer a bakery, a sit-down restaurant area?or a pharmacy.
- Massive Convenience Store- Buc-ees with over 70,000 square feet and offers everything. Some call is the "Disney-world/land" of gas stations.If you like this article, please share it and if you like me please follow me https://www.dhirubhai.net/in/mike-levinson/
Founder - CEO - Inventor - Industry Expert on Plant Based Cheese - Aspiring Lobbyist
8 个月As a long time fan of Duane Reade, Delis and bodega I plan on opening a chain in the not too distant future - thank you for the continues inspiration
Founder, Elite Commerce Group | E-Com & Retail Media - Amazon, Walmart, Instacart, Criteo | Banned from Chuck E. Cheese | USMC Combat Vet
8 个月That was really interesting. I actually always thought that Buccees was a grocery store that had gas. ????♂? As they seem to get bigger and bigger with every passing year, I really wonder what the intersection is where they become a grocery store. A lot of grocery stores are now adding small gas stations, and it seems like the line is going to start to get a little bit bit blurry between the two.