Convenience stores offer quick purchases of food, drinks, lottery tickets, and basic household items. They charge higher prices than grocery stores because they buy smaller quantities from wholesalers. Their convenient locations and hours benefit customers.
Hyper convenience stores have more space and offerings than traditional stores. They may have small coffee shops and sitting areas. Along with the usual products, hyper stores can have emergency services, ATMs, and restaurants.
Convenience stores are generally profitable, bringing in over $400 billion in revenue yearly. Excellent inventory management and clean bathrooms contribute to successful operations.
Buc-ee’s is considered one of the best convenience store chains for its clean bathrooms, variety of products, and customer service.
The typical convenience store sells 500-1,500 items and is 800-5,000 square feet. The number of U.S. convenience stores has increased since 2007 as they remain a popular retail option.