In 1927, Southland Ice Co. decided to try offering such staples as bread, milk and eggs. The concept worked, and 7-Eleven was born.
Fast forward to 2013 when the number of convenience stores in the United States exceeds the number of drug stores, supermarkets and dollar stores combined, according to Nielsen data. Most are open 24 hours a day.
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America’s thirst for convenience stores grows
Convenience stores rack up 160 million transactions a day.
Convenience stores account for 34.8 percent of all retail outlets in the U.S.
The U.S. convenience store industry has 149,000-plus stores and total sales of $880 billion a year.
That’s up from 132,400 stores a decade ago,and up from 100,800 20 years ago.
The average shopper who enters the store is in and out in three minutes, 33 seconds.
Nearly 80 percent sell beer, accounting for more than 30 percent of all beer purchased in the U.S.
More than 82 percent sell motor fuels.
Source: NACS, The Association for Convenience and Fuel Retailing, Nielsen