GITNUX MARKETDATA REPORT 2024

Convenience Store Sales Statistics [Fresh Research]

With sources from: statista.com, ncbi.nlm.nih.gov, nacsonline.com, convenience.org and many more

In this post, we explore a comprehensive overview of convenience store sales, highlighting key statistics that shed light on the significant role these stores play in the retail landscape. From the rise of foodservice sales to the dominance of motor fuel purchases, these data points offer valuable insights into consumer behavior and industry trends.

Statistic 1

"Convenience store foodservice sales accounted for over 22% of total in-store sales in 2019."

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Statistic 2

"The sale of prepared food and drinks grew by 4.4% in 2019."

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Statistic 3

"Over 60% of convenience store customers are male."

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Statistic 4

"There are more than 150,000 convenience stores in the United States as of 2020."

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Statistic 5

"In 2020, the total sales of convenience stores in the United States reached approximately $648 billion."

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Statistic 6

"Beer sales in convenience stores rose by 5% in 2020."

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Statistic 7

"Sales of CBD products in convenience stores increased by 700% from 2018 to 2019."

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Statistic 8

"Approximately 80% of convenience store sales come from motor fuel."

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Statistic 9

"The average in-store sales per convenience store in 2020 was about $1.54 million."

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Statistic 10

"Over 70% of convenience stores offer some type of loyalty or reward program."

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Statistic 11

"Convenience stores sold 80% of the fuel consumed in the U.S. in 2020."

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Statistic 12

"Tobacco products contributed over 35% of in-store sales revenue in 2019."

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Statistic 13

"Soda sales represent approximately 15% of convenience store beverage sales."

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Statistic 14

"The average size of a convenience store in the U.S. is about 2,900 square feet."

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Statistic 15

"Convenience stores make up more than 30% of all retail outlets in the U.S."

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Statistic 16

"Snacks and candy make up about 23% of in-store purchases."

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Statistic 17

"The average customer spends about 3 minutes inside a convenience store."

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Statistic 18

"The growth rate of new convenience stores was about 1% per year over the past decade."

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Statistic 19

"Health and beauty care product sales grew by 3.7% in 2018 in convenience stores."

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Statistic 20

"The top 50 U.S. convenience stores account for more than 40% of the total c-store sales in the country."

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Interpretation

Convenience stores in the United States are a significant player in the retail landscape, with diverse product offerings and a strong focus on customer convenience. In 2020, total sales for convenience stores reached an impressive $648 billion, showcasing their economic impact. While motor fuel remains a major revenue driver, the growth in foodservice sales, particularly prepared food and drinks, presents new opportunities for revenue diversification. Additionally, the increasing popularity of CBD products and loyalty programs highlights the industry's adaptability to consumer trends. Despite facing challenges such as the dominance of the top 50 convenience stores and the limited growth rate of new stores, the convenience store sector continues to evolve and thrive.

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