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    Srishti Singh
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    A convenience store is a small retail business that stocks everyday items like groceries, snacks, drinks, and tobacco. It aims to provide customers a convenient location to quickly purchase products. Convenience stores are typically found alongside roads or near transportation hubs. They charge higher prices than grocery stores but make up for it with longer hours and shorter lines. Convenience stores vary in size and product offerings, from small kiosks to larger stores with seating. While most are under 5,000 square feet, store formats are expanding. Convenience stores differ from grocery stores in their limited selection of high-convenience items and food basics. They also typically sell gasoline, which grocery stores usually do not.

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    A convenience store is a small retail business that stocks everyday items like groceries, snacks, drinks, and tobacco. It aims to provide customers a convenient location to quickly purchase products. Convenience stores are typically found alongside roads or near transportation hubs. They charge higher prices than grocery stores but make up for it with longer hours and shorter lines. Convenience stores vary in size and product offerings, from small kiosks to larger stores with seating. While most are under 5,000 square feet, store formats are expanding. Convenience stores differ from grocery stores in their limited selection of high-convenience items and food basics. They also typically sell gasoline, which grocery stores usually do not.

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    87 views8 pages

    Convenience Stores

    Uploaded by

    Srishti Singh
    A convenience store is a small retail business that stocks everyday items like groceries, snacks, drinks, and tobacco. It aims to provide customers a convenient location to quickly purchase products. Convenience stores are typically found alongside roads or near transportation hubs. They charge higher prices than grocery stores but make up for it with longer hours and shorter lines. Convenience stores vary in size and product offerings, from small kiosks to larger stores with seating. While most are under 5,000 square feet, store formats are expanding. Convenience stores differ from grocery stores in their limited selection of high-convenience items and food basics. They also typically sell gasoline, which grocery stores usually do not.

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    CONVENIENCE STORES

    INTRODUCTION

    A convenience store is a small retail business that stocks a


    range of everyday items such as groceries, snack food,
    candy, toiletries, soft drinks, tobacco products, magazines
    and newspapers.
    A convenience store may also be called a c-store, small
    grocery store, bodega, mini-market, mini-mart, corner
    shop.
    A convenience store may be a part of a gas/petrol station.
    It may be located alongside a busy road, in an urban area,
    or near a railway station or other transport hub. In some
    countries, convenience stores have long shopping hours,
    some being open 24 hours.
    Convenience stores usually charge significantly higher
    prices than conventional grocery stores or supermarkets,
    as convenience stores order smaller quantities of
    inventory at higher per-unit prices from wholesalers.
    However convenience stores make up for this by having
    longer opening hours, serving more locations, and having
    shorter cashier lines.
    Many convenience stores offer food ready to eat, such as
    breakfast sandwiches and other breakfast food. In many
    countries, many food chains offer a counter in
    convenience stores. Convenience stores may be combines
    with other services, such as general stores and pawn shops
    etc.
    BODY

    According to NACS Constitution and Byelaws, the NACS


    definition to a convenience store is;

    “…..a retail business with primary


    emphasis placed on providing the public a convenient
    location to quickly purchase from a widely array of
    consumable products (predominantly food or food and
    gasoline) and services”

    In the not too distant past, every convenience store looked


    about the same – 2,400 square feet of packaged consumer
    item. Today, companies in the industry are approaching
    markets with different types of stores and different
    product offering. There are mini-convenience stores under
    canopies, conventional size store with expanded food
    service, and even hyper-convenience stores with
    extensive variety of product offerings and in-store seating
    for food service. The fastest growing segment of the
    convenience store market are considered by many to be
    “traditional” stores. That is, store format other than 2,400
    square feet, either larger or smaller.
    The changes in store formats have implications for all
    elements of the industry. Retailing executive are
    concerned with competitive impact and their marketing
    strategies and niches. Product suppliers want to be aware
    of format variations as they dictate requirements for
    appropriate product packaging, promotion and
    distribution for the stores. Equipment and system vendors
    want to design their equipment and systems to fit the
    various types of store format, investor and financial
    analyst want to understand the economics of the changes
    taking place and the likely impact on the convenience
    store industry. Finally, the various governmental
    agencies- local, state and federal- need to understand the
    various store formats.
    Based on research six formats were identified as
    representing trends in convenience store industry. The six
    convenience store industry are:
     Kiosk;
     Mini convenience store;
     Limited selection convenience store.
     Traditional convenience store;
     Expanded convenience store; and
     Hyper convenience store.
    Convenience stores have the following characteristics:
     While building size may vary significantly,
    typically the size will be less than 5,000 square
    feet;
     Off-street parking and/or convenience pedestrian
    access;
     Extended hours of operation with many open 24
    hours, seven days a week;
     Product mix include grocery type items, and also
    includes items from the following groups:
    beverages, snacks and tobacco.
    Difference between grocery store and convenience store:
    Many people use the term grocery store and convenience
    store interchangeably because the two business seem
    similar. They sell a lot of same products, offer common
    services, and locations are plentiful in almost every city
    and town.
    Most grocery stores offer a wide variety of food products,
    including perishable items like meat, produce and dairy,
    along with general merchandise items. Convenience
    store’s inventory is typically limited to high-convenience
    items and food basics that people commonly use and need
    quickly, such as toilet paper, soft drinks, and
    microwaveable and prepared foods. Grocery stores sell
    various name brands whereas convenience stores sell only
    a few brands.
    The major difference between services are that the
    convenience stores sell gasoline. Convenience stores also
    offer money order and wire services, however many
    grocery stores are now providing these offers along with
    other services.
    BIBLIOGRAPHY

     nacsonline.com
     NACS magazine
     Peter Lamb- so, you want to run a convenience
    store e-book.
     Wikipedia
     Convenience store news.
    ACKNOWLEDGEMENT

    I would like to express my special thanks of


    gratitude to my teacher Srikumar Sinha Sir as well
    as our HOD Gagan Pareek Sir who gave me the
    golden opportunity to do this wonderful project on
    this topic of “Convenience Stores” which also
    helped me in doing a lot of research work and I
    came to know about so many new things.

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