Convenience stores used to be the stop to shop for a soda along which has a bag of chips after getting gas, nevertheless today more consumers are using them as an efficient way to grab a bouquet of fresh flowers, a premade salad, a cup of soup or bakery item.
In fact, the amount of fruits along with vegetables sold within the convenience stores has grown to be roughly the same as popcorn or pretzels.
Bucking past trends, produce sales in convenient stores are today about $242 million per year, according to Jeff Lenard, vice president of strategic industry initiatives at the National Association of Convenience Stores. While which will be still a fraction of the $3 billion in produce sold at grocery along with big box stores annually, which demonstrates brand-new opportunities for convenience store operators.
which past week, the group released data which showed convenience stores experienced a 16th straight year of record in-store sales in 2018, with total sales surging 8.9% to $654.3 billion.
“The value of convenience has never been higher,” said Lenard.
People, specifically millennials, are keeping fewer foods in their pantry along with reaching more often for prepared foods. along with the higher the income, the fewer grocery trips which consumer will be likely to make. Millennials would certainly prefer to grab a premade salad after work than go home, make a meal, eat alone along with clean up dishes.
within the past two decades, growth among large North American grocery chains has been just 2%, according to a recent report by McKinsey. The consulting firm anticipates which by 2026, $0 billion to $700 billion in grocery sales could move toward additional nontraditional channels, like convenience stores.
Amazon-owned Whole Foods will be catching on. The Whole Foods Market Daily Shop will be the grocer’s first “grab-along with go” convenience store within the upscale brand-new York neighborhood of Chelsea, where shoppers will find Whole Foods staples, prepared foods, fresh produce along with even a curated flower section.