Grocerant niche success continues to elevate retailers top line sales and bottom line profits according to Foodservice Solutions® Grocerant Guru®. In fact sales at United States convenience stores experienced record in-store sales in 2015 according to the latest NACS State of the Industry report.
The success was driven by strong growth in foodservice products including Ready-2-Eat and Heat-N-Eat fresh prepared food and beverages. While the declining price of gasoline prices caused overall sales in the convenience-store and fuel retailing industry to decrease significantly, dropping 17.4%. Consumers utilized the savings from gasoline to spend more money inside the store. Fuels sales dropped 27.7%, while in-store sales rose 5.8%. This resulted in total in-store sales reaching a record $225.8 billion in 2015.
The NACS report pointed out that Foodservice, “includes prepared and commissary foods, hot dispensed beverages (coffee) and cold and frozen dispensed drinks, continues to be a key focus for growth in the convenience-store channel, contributing 20.8% of in-store sales in 2015 and accounting for 33.7% of gross profit dollars.”
There is very little doubt that grocerant niche Ready-2-Eat and Heat-N-Eat fresh prepared will continue to expand to more and more convenience stores in the coming years driving incremental consumers, top line sales and bottom line profits. C-stores ability to Mix and Match meal component options is but one key contributing factor to the ongoing success.
www.FoodserviceSolutions.us since 1991 retail food consultancy Foodservice Solutions® of Tacoma, WA has been the global leader in the Grocerant niche Follow us at: http://www.linkedin.com/in/grocerant, twitter.com/grocerant or Facebook Steven Johnson Contact: Steve@FoodserviceSolutions.us