2024 Midyear
Report Card
A Downward Turn
Ups & Downs
Halfway into the year, key c-store product categories are seeing increasingly negative results
One year ago, the convenience store industry was seeing deceptively positive results, with multiple key categories reporting dollar sales increases — likely prompted by higher prices — that masked the impact of softening growth or decreases in unit volume. Although only the long-declining cigarettes category posted overall negative results, it prompted many to wonder how long rising prices could lift up the convenience channel. Halfway through 2024, the channel has its answer. The majority of key c-store categories saw both dollars and units decrease from January through June, according to the exclusive Convenience Store News 2024 Midyear Report Card. It appears many consumers have reached their limit in what they can or will pay for c-store items.
