A convenience store is a small retail store that sells a limited line of merchandise, that includes snacks, beverages and tobacco, as well as everyday grocery items such as bread, milk, coffee and cheese. Some convenience stores are stand alone, and others are attached to a gasoline station.
Convenience stores are also know as C-Stores, cold stores, bodegas, mini-markets and corner shops.
Why is it Called Convenience Store?
It is called convenience store because it is open in a convenient location that is close to customers, so they don’t need to drive or make a special trip to shop essential items. Another reasons for this name is also the fact that many c-stores are open 24 hours, making it convenient for customers who have an urgent need for an essential item and want to buy it on the spot.
Convenience Store Vs. Supermarket
A convenience store has a much limited product assortment than a supermarket. Even for the same category of products that they would both carry, a c-store would have a lower breadth (i.e varieties) than a supermarket. This is dictated by the small area of the c-stores, as most of them are smaller than 5000 square feet.
Convenience stores are also more expensive than supermarkets, due to the fact that they source products in smaller quantities, so they pay a higher cost price. Another reason is that customers typically are open to pay up for convenience, because for the customer, driving to a hypermarket represents a cost in the form of time and money.
C-Store Examples
7-eleven is a famous example of a convenience store that is operating 24/7.
The chain has more than 70K retail locations that are either operated by the company or franchised to other operators. It is present in 19 countries, and has more than 130K employees.
Another example of a convenience store that was able to stand out in the market is Trader Joe’s.
In fact, Trader Joe’s started as a response to 7-eleven’s expansion, which has urged its founder to come up with a different kind of a convenience store. Watch the full story in this video.
Trader Joe’s succeeded in differentiating its store, by nailing down market segmentation, and using it in making buying & merchandising decisions that have set it apart from the competition.
A convenience store is a small retail store that sells a limited line of merchandise, that includes snacks, beverages and tobacco, as well as everyday grocery items such as bread, milk, coffee and cheese. Some convenience stores are stand alone, and others are attached to a gasoline station.
A convenience store, bodega, convenience shop, corner store or corner shop is a small retail store that stocks a range of everyday items such as tea, coffee, groceries, fruits, vegetables, snacks, confectionery, soft drinks, ice creams, tobacco products, lottery tickets, over-the-counter drugs, toiletries, newspapers ...
noun. a retail store that carries a limited selection of basic items, as packaged foods and drugstore items, and is open long hours for the convenience of shoppers.
A convenience store is a type of retail store that is open long hours and sells a wide variety of items, such as food, snacks, drinks, and cigarettes. Convenience stores are often located near busy areas, such as bus stations and highway exits.
A retail store is a physical or virtual establishment where businesses offer a selection of products or services directly to consumers for purchase. Retail stores, also known simply as “retailers” or “shops,” are physical establishments where products or services are sold directly to consumers.
7-eleven is a famous example of a convenience store that is operating 24/7. The chain has more than 70K retail locations that are either operated by the company or franchised to other operators. It is present in 19 countries, and has more than 130K employees.
Examples of convenience products are bread, soft drinks, pain reliever, and coffee. They also include headphones, power cords, and other items that are easily misplaced. From the consumer's perspective, little time, planning, or effort go into buying convenience products.
NACS defines a convenience store as a retail business that provides the public with a convenient location to quickly purchase a wide variety of consumable products and services, generally food and gasoline.
445120 Convenience Stores: This industry comprises establishments known as convenience stores or food marts (except those with fuel pumps) primarily engaged in retailing a limited line of goods that generally includes milk, bread, soda, and snacks.
Convenience stores offer speed of service to time-starved consumers who want to get in and out of the store quickly. These shoppers recognize this channel of trade for its convenient locations, extended hours of operation, one-stop shopping, grab-and-go foodservice, variety of merchandise and fast transactions.
Nearly all convenience store owners structure their businesses as one of the following: Sole proprietorships. Partnerships. Limited liability companies (LLCs)
Definition: Retail means selling things directly to people who will use them, instead of selling them to other businesses. It's like when you go to a store and buy something for yourself. This is different from wholesale, which is when businesses buy things in large quantities to sell to other businesses or stores.
Retail is the sale of goods or services from a business directly to a consumer for their use. It can include physical stores, online stores, and mobile stores. Retailers range from large department stores to small, independent businesses.
NACS defines a convenience store as a retail business that provides the public with a convenient location to quickly purchase a wide variety of consumable products and services, generally food and gasoline.
It's no surprise that 7-Eleven Inc. remains the largest convenience retail chain with 12,821 stores as of December 31, 2022, according to the 2023 NACS/ NielsenIQ list of the Top 100 Convenience Retailers.
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Introduction: My name is Msgr. Benton Quitzon, I am a comfortable, charming, thankful, happy, adventurous, handsome, precious person who loves writing and wants to share my knowledge and understanding with you.
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