Buydown Promotion Management

Buydown Promotion Management: Are you getting the money you’re owed?

If you’re not tracking buydowns in your convenience store, you could be missing out on thousands of dollars every month.

Not familiar with buydowns?  With our C-Store Office software, managers can reduce time spent on paperwork by up to 75% and decrease the amount of time spent in the office.

Click here to read the full article

Prevention, Early Detection, Resolution, and Correction with Loss Prevention Analytics

 

As the central hub of retail sales, POS systems are fertile grounds for errors and a prime target for theft. As the volume of sales increases so do the risks. Prevention, early detection, resolution, and correction are, therefore, vital to reducing these risks but this requires new dimensions of knowledge.Petrosoft’s Loss Prevention Analytics solution provides the knowledge needed and verifiable proof. The solution enhances both POS and loss prevention technology.


Click here to learn more about Loss Prevention Analytics

 

Top 5 Articles on Foodservice and the C-Store Industry to Kick-Off 2017

 

Looking for hot topics on foodservice?  In this article, we have compiled a list of our favorite Foodservice articles that we believe are worth the read.

  1. 3 Big Trends in Convenience Store Foodservice – CSP Magazine

Foodservice has become a key area of opportunity for convenience stores across the country. As more retailers focus on providing a wider variety of fresh, high-quality food offerings, competition is heating up within the market as stores strive to gain a greater share of stomach and compete with restaurants with what Technomic calls “retailer meal solutions,” or RMS.


 

  1. Closing the Gourmet Coffee Gap – Cstore News

It is the age of gourmet coffee and its connoisseur creatures, otherwise known as millennials. But are today’s convenience stores up to the higher java challenge?


 

  1. 4 C-Stores That Are Acting Like Restaurants – CSP Net

Check out the 4 c-store retailers that are thinking like restaurants and taking foodservice programs to the next level.


 

  1. Modern Day ‘Bubba’ – CSP Net

The stereotypical convenience-store consumer, affectionately known as Bubba, is changing. This changing demographic spells opportunity for retailers, but understanding what motivates the modern Bubba is critical in tailoring offerings to meet those needs and desires.


 

  1. Who Are Today’s Natural and Organic Shoppers?

The natural and organics category has seen significant growth, but the profiles and motives of today’s natural/organics shoppers are drastically different than they were less than a decade ago.

South Central C-Store 2016 Facts and Stats

Southcentral NACS Region

Discover the top convenience store trends for NACS’ South Central region.

The South Central region spans across 5 states including Arkansas, Louisiana, New Mexico, Oklahoma, New Mexico, and Texas. NACS reports a store count of 24,498 stores ranging from single stores to 501+ store chains with approximately 14% non-fuel stores.

 

In 2016, CSP magazine reported top South Central c-store chains include:

  •7-Eleven
•CST Brands/Corner Store
•Murphy USA, Murphy Express
•QuikTrip
•Love’s Travel Stops & Country Stores
•Allsup’s Convenience Stores
•Alon Brands
•Global Partners: Xtra Mart and Alltown
  •CEFCO Convenience Stores
•Timewise Food Stores
•7-Eleven Stores of Oklahoma
•Star Stop
•Flash Market
•Toot’n Totum Food Stores
•Shop Rite Inc./Tobacco Plus

The South Central region is one of six regions that the National Association of Convenience Stores (NACS) has defined to help retailers track and benchmark their operation against the industry. NACS has been compiling and presenting convenience store performance since 1969. Their analysis is presented through their NACS state of the Industry Annual Report and presentations.By tracking each region, retailers gain a better understanding of the c-store industry for the region. Based on the statistics, the region underperforms in almost every category and metric.

Interested in NACS convenience store foodservice sales and margins benchmarks?

Foodservice sales for the South Central were approximately 40% lower than the national average monthly sales of $32,890. The region’s foodservice gross profit margins averaged 43% versus the national average of approximately 53%.

Interested in NACS convenience store merchandise sales and margins benchmarks?

Merchandise sales for the South Central region were approximately 28% lower than the national average monthly sales of $124,001. The region’s merchandise gross profit margins averaged 30% versus the national average of 27%.

Interested in NACS convenience store fuel sales and margins benchmarks?

Fuel sales for the South Central region were approximately 37% lower than the national average monthly sales of $353,347. The region’s fuel gross profit margins averaged 8% compared to the national average of 9%.

Want to find out more about how to achieve better margins? Contact the South Central Team Lead.

 

Northeast C-Store 2016 Facts and Stats

Northeast NACS Region

Discover the top convenience store trends for NACS’ Northeast region.

The Northeast region spans across 14 states including Connecticut, Delaware, DC, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Vermont, Virginia, and West Virginia. NACS reports a store count of 32,761 stores ranging from single stores to 501+ store chains with approximately 32% non-fuel stores.

 

In 2016, CSP magazine reported top Northeast c-store chains include:

  •Aplus, MACS/Tigermarket, Stripes, Aloha (Sunoco Inc.)
•GPM Investments: Fas Mart, Shore Stop, Scotchman, etc.
•Wawa
•Cumberland Farms
•Sheetz
•Stewart’s Shops
•Kwik Fill/Red Apple
•E-Z Mart Stores
•GetGo
•Royal Farms
•Mirabito, Quickway Food Stores, Convenience Express,    Manley’s Mighty-Mart
  •QuickChek
•GoMart Food Stores
•Petroleum Mktg. Group (E&C Enterprises Inc.)
•Little General Stores
•Lil’ Mart
•C.N. Brown/Big Apple Food Stores
•Express Mart
•Country Fair
•Dash In
•Dandy Mini Marts
The Northeast region is one of six regions that the National Association of Convenience Stores (NACS) has defined to help retailers track and benchmark their operation against the industry. NACS has been compiling and presenting convenience store performance since 1969. Their analysis is presented through their NACS state of the Industry Annual Report and presentations.By tracking each region, retailers gain a better understanding of the c-store industry for the region. Based on the statistics, the region, although underperforming in sales, is approximately on par with fuel and merchandise margins. The foodservice category is underperforming both in terms of sales and margins.

Interested in NACS convenience store foodservice sales and margins benchmarks?

Foodservice sales for the Northeast were approximately 190% higher than the national average monthly sales of $32,890. The region’s foodservice gross profit margins averaged 56% versus the national average of approximately 53%.

Interested in NACS convenience store merchandise sales and margins benchmarks?

Merchandise sales for the Northeast region were approximately 36% higher than the national average monthly sales of $124,001. The region’s merchandise gross profit margins averaged 26% versus the national average of 27%.

Interested in NACS convenience store fuel sales and margins benchmarks?

Fuel sales for the Northeast region were approximately 46% higher than the national average monthly sales of $353,347. The region’s fuel gross profit margins averaged 9% which is on par with the national average of 9%.

Want to find out more about how to achieve better margins? Contact the Northeast Team Lead.

 

Southeast C-Store 2016 Facts and Stats

Southeast NACS Region

Discover the top convenience store trends for NACS’ Southeast region.

The Southeast region spans across 7 states including Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina, and Tennessee. NACS reports a store count of 37,645 stores ranging from single stores to 501+ store chains with approximately 14% non-fuel stores.

 

In 2016, CSP magazine reported top Southeast c-store chains include:

  •Pilot Travel Centers, Flying J
•RaceTrac, RaceWay
•Delek U.S./Mapco
•Sunshine Gasoline Distributors
•Flash Foods
•Quality Mart/Quality Plus/GOGAS
•Roadrunner Markets
•Family Fare
•Daily’s
  •Sprint Mart
•Spinx
•Sampson-Bladen Oil/Han-Dee Hugo’s
•Tri Star Energy: Twice Daily/Daily’s
•GATE Stores
•Southwest Georgia Oil
•Weigel’s Farm Stores
•Enmark Station/Enmarket
The Southeast region is one of six regions that the National Association of Convenience Stores (NACS) has defined to help retailers track and benchmark their operation against the industry. NACS has been compiling and presenting convenience store performance since 1969. Their analysis is presented through their NACS state of the Industry Annual Report and presentations.By tracking each region, retailers gain a better understanding of the c-store industry for the region. Based on the statistics, the region, although underperforming in sales, is approximately on par with fuel and merchandise margins. The foodservice category is underperforming both in terms of sales and margins.

Interested in NACS convenience store foodservice sales and margins benchmarks?

Foodservice sales for the Southeast were approximately 43% lower than the national average monthly sales of $32,890. The region’s foodservice gross profit margins averaged 42% versus the national average of approximately 53%.

Interested in NACS convenience store merchandise sales and margins benchmarks?

Merchandise sales for the Southeast region were approximately 10% lower than the national average monthly sales of $124,001. The region’s merchandise gross profit margins averaged 23% versus the national average of 27%.

Interested in NACS convenience store fuel sales and margins benchmarks?

Fuel sales for the Southeast region were approximately 3% lower than the national average monthly sales of $353,347. The region’s fuel gross profit margins averaged 8% which is lower than the national average of 9%.

Want to find out more about how to achieve better margins? Contact the West Team Lead.

 

Central C-Store 2016 Facts and Stats

NACS Region 5 Central

Discover the top convenience store trends for NACS’ Central region.

The Central region spans across 10 states including Montana, Wyoming, Colorado, North Dakota, South Dakota, Nebraska, Kansas, Minnesota, Iowa, and Missouri. NACS reports a store count of 13,363 stores ranging from single stores to 501+ store chains with approximately 8% non-fuel stores.

 

In 2016, CSP magazine reported top Central c-store chains include:

  •Casey’s General Stores
•Kum & Go
•Holiday Stationstores
•SuperAmerica
•Hy-Vee Gas
  •Town Pump Food Stores
•Gasamat/Smoker Friendly
•Bucky’s Convenience Stores
•MFA Oil/Break Time
The Central region is one of six regions that the National Association of Convenience Stores (NACS) has defined to help retailers track and benchmark their operation against the industry. NACS has been compiling and presenting convenience store performance since 1969. Their analysis is presented through their NACS state of the Industry Annual Report and presentations.By tracking each region, retailers gain a better understanding of the c-store industry for the region. Based on the statistics, the region is approximately on par with fuel and merchandise margins while underperforming in sales while the foodservice category is underperforming both in terms of sales and margins.

Interested in NACS convenience store foodservice sales and margins benchmarks?

Foodservice sales for the Central region were approximately 12% lower than the national average monthly sales of $32,890. The region’s foodservice gross profit margins averaged 49% versus the national average of approximately 53%.

Interested in NACS convenience store merchandise sales and margins benchmarks?

Merchandise sales for the Central region were approximately 8% lower than the national average monthly sales of $124,001. The region’s merchandise gross profit margins averaged 28% versus the national average of 27%.

Interested in NACS convenience store fuel sales and margins benchmarks?

Fuel sales for the Central region were approximately 19% lower than the national average monthly sales of $353,347. The region’s fuel gross profit margins averaged 9% which is on par with the national average of 9%.

Want to find out more about how to achieve better margins? Contact the Central Team Lead.

 

West C-Store 2016 Facts and Stats

Midwest region

Discover the top convenience store trends for NACS’ West region.

The West region spans across 9 states including Alaska, Arizona, California, Hawaii, Idaho, Nevada, Oregon, Utah, and Washington. NACS reports a store count of 22,433 stores ranging from single stores to 501+ store chains with approximately 26% non-fuel stores.

 

In 2016, CSP magazine reported top West c-store chains include:

  •ampm
•Chevron Corp. (ExtraMile, Caltex)
•United Pacific: We Got It!, United Mart, My Goods
•Maverik
•Western Refining/Giant, Mustang, Sundial, Howdy’s
•Jacksons Food Stores
•Anabi Oil/Shell
•Terrible Herbst
  •G&M Food Mart
•American Retail Services
•Loop Neighborhood
•Plaid Pantry
•ABC Stores
•Cenex Zip Trip
•Stinker Stores

The West region is one of six regions that the National Association of Convenience Stores (NACS) has defined to help retailers track and benchmark their operation against the industry. NACS has been compiling and presenting convenience store performance since 1969. Their analysis is presented through their NACS state of the Industry Annual Report and presentations.

By NACS tracking each region, retailers gain a better understanding of the c-store industry for the region. Based on the statistics, the region is overperforming when it comes to both fuel sales and margin. The West region’s fuel sales totaled $419,969 per store per month which is approximately 19% higher than the national average, but gallons were approximately 4% lower than the national average which points to fuel prices (24% higher than the national average) as the driver for the higher revenues. The region underperformed when it came to inside sales revenue for both merchandise and foodservice. Regarding inside sales margins, the region underperformed when it came to foodservice and was essentially on par for merchandise profits margins.

Interested in NACS convenience store foodservice sales and margins benchmarks?

Foodservice sales for the West were approximately 75% lower than the national average monthly sales of $32,890. The region’s foodservice gross profit margins averaged 40% versus the national average of approximately 53%.

Interested in NACS convenience store merchandise sales and margins benchmarks?

Merchandise sales for the West were approximately 28% lower than the national average monthly sales of $124,001. The region’s merchandise gross profit margins averaged 28% versus the national average of 27%.

Interested in NACS convenience store fuel sales and margins benchmarks?

Fuel sales for the West were approximately 19% higher than the national average monthly sales of $353,347. The region’s fuel gross profit margins averaged 13% versus the national average of 9%.

Want to find out more about how to achieve better margins? Contact the West Team Lead.

 

Loss Prevention Statistics and Resources

 

NRF 2016 NATIONAL RETAIL SECURITY SURVEY

The National Retail Federation (NRF) and Dr. Richard Hollinger of the University of Florida jointly conducted a survey to develop and analyze retail loss prevention benchmarks. The research is in its 25th year. The survey examines:

•  Inventory shrinkage
•  Staffing and budgeting for the loss prevention departments
•  Employee integrity screening
•  Loss prevention training and awareness programs
•  The impact of dishonest employees
•  The costs of external retail crime

 

View Selected Statistics.

 

 


 

Checkpoint Systems and The Smart Cube jointly produced The Global Retail Theft Barometer 2014-2015 report. The research is in its 14th year.

The report examines shrink by:

•  Global Average
•  Region (ex LATAM)
•  Country
•  Retail Industry Segment
•  Source
•  Category
•  Solution

 

View Selected Statistics.

 

To read the indepth report, visit http://www.globalretailtheftbarometer.com/. To find out more on how to decrease shrink, contact Petrosoft and ask about the Loss Prevention Analytics solution.

 

 

The Global Retail Theft Barometer 2014-2015 Report

 

Global Retail Theft Barometer 2014-2015 Cover Image

Checkpoint Systems and The Smart Cube jointly produced The Global Retail Theft Barometer 2014-2015 report. The research is in its 14th year.

The Report Examines Shrink by:

•  Global Average
•  Region (ex LATAM)
•  Country
•  Retail Industry Segment
•  Source
•  Category
•  Solution

 

To read the indepth report by country, visit http://www.globalretailtheftbarometer.com/. To find out more on how to decrease shrink, contact Petrosoft and ask about the Loss Prevention Analytics solution.

Global and Regional Shrink Rates:

•  Global Shrink Rate 1.42%e
•  Latin America (LATAM) Shrink Rate 1.55%
•  North America Shrink Rate 1.27%
•  Asia Pacific Shrink Rate 1.17%
•  Europe Shrink Rate 1.05%

Shrink Rates by Country:

•  Argentina Shrink Rate 1.00%
•  Australia Shrink Rate 1.02%
•  Austria Shrink Rate 1.03%
•  Belgium Shrink Rate 1.19%
•  Brazil Shrink Rate 1.10%
•  China Shrink Rate 1.35%
•  Finland Shrink Rate 1.38%
•  France Shrink Rate 0.81%
•  Germany Shrink Rate 1.08%
•  Hong Kong Shrink Rate 1.05%
•  Italy Shrink Rate 1.01%
•  Japan Shrink Rate 1.35%
•  Mexico Shrink Rate 1.68%
•  Netherlands Shrink Rate 1.48%
•  Norway Shrink Rate 0.75%
•  Poland Shrink Rate 0.88%
•  Portugal Shrink Rate 0.90%
•  Russia Shrink Rate 1.18%
•  Spain Shrink Rate 1.33%
•  Sweden Shrink Rate 1.20%
•  Switzerland Shrink Rate 0.76%
•  Turkey Shrink Rate 1.17%
•  UK Shrink Rate 0.89%
•  US Shrink Rate 1.27%

Global Retail Segment Shrink Rates:

•  Apparel Specialist Retailers Shrink Rate 1.80%
•  Beauty Specialist Retailers Shrink Rate 0.80%
•  Convenience Stores Shrink Rate 0.94%
•  Department Stores Shrink Rate 1.66%
•  Discounters Shrink Rate 1.28%
•  Electronics/Appliance/Media Products Specialist Retailers Shrink Rate 0.83%
•  Gas Stations Shrink Rate 1.37%
•  Home Improvement and Gardening Stores Shrink Rate 0.95%
•  Hypermarkets/Mass Merchandisers Shrink Rate 1.11%
•  Jewelry and Watch Specialist Retailers Shrink Rate 1.73%
•  Other Non-grocery Retailers Shrink Rate 1.03%
•  Pet Shops Shrink Rate 0.48%
•  Pharmacies/Drugstores Shrink Rate 1.99%
•  Sports Goods Stores Shrink Rate 1.11%
•  Supermarkets/Grocery Retailers Shrink Rate 1.11%
•  Superstores Shrink Rate 1.02%
•  Traditional Toys and Games Stores Shrink Rate 1.29%
•  Warehouse Clubs Shrink Rate 0.77%