C-Store Foodservice Drives In-Store Growth

NACS State of the Industry Summit data reveals that foodservice sales accounted for 22.5% of in-store sales in 2017   By NACS Online   U.S. convenience stores experienced a 15th straight year of record in-store sales, with in-store sales increasing 1.7% to a record $237.0 billion in 2017, per recently release NACS State of the…

What Consumers Think About Gas Prices

New NACS report reveals insights on consumer perceptions related to gas prices and the economy overall   By NACS Online With crude oil prices now hovering around $75 per barrel, there are real concerns on how higher oil prices could affect everything from the stock market to demand at the pump. To help cut through…

Is the Time of Oil Over?

Experts say the fuel has a future, but that it’s changing slowly By NACS Online   While yesteryear’s high oil prices drove industry efficiencies, the elevated cost of oil also brought about an oversupply and lower prices, CNBCreports. “That era of high-price oil that we had drove innovations all over the place especially in terms…

5 Takeaways on the Fuel Outlook

OPIS’ Kloza expects a temperate short-term outlook for fuel and oil   By Samantha Oller, CSP Magazine*   The outlook for fuel in 2018? More of the same, but just a little more or less of it. That’s one takeaway from the motor fuels outlook presented by Tom Kloza, global head of energy analysis for…

Credit Card Companies Ditch the Signature

In April, all major credit card firms will no longer require a signature for purchases made with chip cards   In April, all major credit card companies will no longer ask for signatures for transactions made with chip cards, Fox News reports. The change has been coming slowly since cards with security chips first appeared…

Convenience Stores Sales, Profits Edged Higher in 2017

CHICAGO – U.S. convenience stores experienced a 15th straight year of record in-store sales and a 4th straight year of $10 billion-plus in pretax profits, according to newly released NACS State of the Industry data, the convenience and fuel retailing industry’s premier benchmarks and key performance category insights. The industry’s numbers were announced during the NACS…