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Petrosoft Blog

4 Secrets to a Successful Gas Station

In 2021, there are nearly 61,100 gas stations with convenience stores in the United States. To compete and thrive, store owners need to get intentional about operating a successful business. Expectations are changing, which provides gas station owners with an opportunity to better serve their needs, attract new business and develop customer loyalty.

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Why Millennials and Gen Z Love Convenience Store Food

Forty-three percent of consumers age 18 to 29 (Millennials and Gen Z) say they’ve purchased more food from a convenience store now than they did three years ago. In the US, c-stores experienced record in-store sales in 2018, an increase of 2.2 percent from the previous year of inside sales, with younger Americans driving the trend for convenience store food.

When combined, Millennials and Gen Z outnumber every other age bracket and are the driving force behind food sales at convenience stores.

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Monitor 3 Key Performance Metrics at Your C-Store for Maximum Impact

Take the guesswork out of tracking your performance to improve your convenience store profitability.

As of 2019, there were approximately 66,000 combined gas station and convenience stores across the US. Competition within the c-store industry is high, and c-store owners are struggling with finding ways to increase customers, boost profits, and improve efficiency.

C-store technology, like your POS system, can help you work more efficiently and provide you with specific data, but how do you turn that data into profits?

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Get 4 Top Tips for Improving Your C-Store Profits

Discover how to boost convenience store profits and meet customers’ expectations like a pro! 

As a c-store owner, you have two critical challenges: meet customers’ expectations and stay profitable. For some c-store owners, doing both may seem impossible. 

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Is Your Disaster Emergency Plan Missing These 8 Top Guidelines?

If disaster strikes, will you be ready?

Don’t let a disease outbreak or natural disasters, like earthquakes, tornadoes, hurricanes, fires, floods, and snowstorms take you by surprise. Protect yourself instead by creating an effective emergency plan.

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3 Tips to Optimize Your Convenience Store Layout and Skyrocket Sales

As with any retail space, the goal of a convenience store layout is to maximize sales by exposing customers to more products. The more time your customers spend in your store, the more products they have an opportunity to view, and the greater the chance is that they’ll find things they like and want to purchase.

In a convenience store, you are challenged with exposing customers to products without impeding traffic flow—all within a confined space. This is a tough balancing act. Not enough exposure and you can hinder sales, but an overpacked design obstructing traffic flow too much can result in a negative impact on the customer experience.

Here are a few ways you can optimize your convenience store layout for better sales:

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Gas Station Management: How to Operate a Successful Business in 2020

Gas stations and convenience stores (or c-stores) are a thriving industry, and have been a fixture on the American scene since the first c-store opened in 1927. According to the National Association of Convenience Stores (NACS), there are more than 153,000 c-store locations operating in the United States, bringing in $242.2 billion from inside sales and another $412.1 billion from fuel sales.

Competition is fierce, but with the right tools and best practices for gas station management, you can set your business up for success in 2020. Here’s how to maximize your growth potential:

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C-Store Technology Trends for 2020

As we begin 2020, gas station and convenience store owners can rest easy knowing that c-stores are not going anywhere. In fact, the expectation from customers is for the retail environment to become even more convenient.

As with many industries over the past decade, c-stores have significantly evolved—remaining the top destination for seekers of hot beverages and the preferred quick service food spot among millennials and Gen Z with food sales accounting for 23% of all revenue.

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5 Benefits of Cloud-Based C-Store Software

It’s a given that robust c-store software is a must-have for any retailer if they want to boost their bottom lines and stay competitive, but the industry is shifting yet again towards a more mobile approach. Because of that, many c-store owners are adopting cloud-based c-store software to improve their operations and meet growing customer demands.

Cloud-based solutions offer many advantages over legacy POS solutions. Here are some of the most notable:

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The Risks of Avoiding EMV Compliance at Gas Stations

By now, pretty much every single business owner has heard about EMV. EMV stands for Europay, Mastercard, and Visa, and is the global standard for cards that are equipped with chips. This technology is used to authenticate card transactions, combat credit card fraud, and improve payment card security.

With how important EMV compliance is, why is it then, that gas station and c-store owners have been universally slow to adopt this technology? One factor is the expense, yes, but another is a lack of information on what you risk when you aren’t EMV compliant. Here are a few:

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Gas Station Marketing Strategies that Drives Sales

Marketing, like nearly every other aspect of running a gas station, is changing with the times. New technologies provide new opportunities, and today, storeowners have new and effective ways to pump up their gas station marketing.

One of the powers of modern point of sale (POS) systems is the ability for small chains and independent stores to market like global corporations.

There are at least three ways storeowners can leverage technology for more effective gas station marketing.

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Petrosoft’s CEO explains why Internet of Things is important for retailing industry

Internet of Things becomes more and more of a necessity for retailers, as it helps them embed the physical devices with electronics, software, and sensors, enabling a seamless data flow.

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Petrosoft and SAP are making digital transformation intelligent

Digital Transformation is the trend to follow nowadays. If it’s done smart, it is a sure path to success and customer enablement that allows companies to understand data, compare results, and make accurate predictions.

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What Maverik, Wawa, And Zenput Had To Say About Enterprise Digital Transformation

It’s hard to remember that over 20 years ago cell phones were mainly used for emergency purposes and looked like walkie-talkies; think the Nokia 9000 which was one of the first mobile “great communication enablers.”

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Midwest C-Store 2016 Facts and Stats

The Midwest region spans across 6 states including Wisconsin, Illinois, Indiana, Kentucky, Ohio, and Michigan and NACS reports a store count of 23,495 stores ranging from single stores to 501+ store chains with approximately 15% non-fuel stores.

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West C-Store 2016 Facts and Stats

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.

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Central C-Store 2016 Facts and Stats

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.

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Southeast C-Store 2016 Facts and Stats

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.

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Northeast C-Store 2016 Facts and Stats

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.

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South Central C-Store 2016 Facts and Stats

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.

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The Global Retail Theft Barometer 2014-2015 Report

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

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NRF Retail Security Survey 2016

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.

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How C-Stores Can Use Item-Level Inventory To Create The Right Product Mix

To produce the greatest return, the inventory carried by a c-store should meet its customers’ tastes, needs and expectations.

As Hershey’s data illustrates, to carry the right product mix, c-store managers should consider regional, local and hyperlocal trends and demographics.

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How End-to-End Cloud-Based Integration Helps Retailers Meet Customer Demand, Manage Margins, and Prepare for the Future

Ask single-store retailers and multi-store operators alike what they consider their biggest business challenges, and the conversation will likely revolve around one topic: meeting customers’ demands while maintaining a healthy bottom line. In order to meet both of these objectives, retailers must anticipate what customers will want and understand the margin for each product they sell.

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