Convenience store operators are anticipating strong summer travel sales, led by the continuing growth of food, beverage and healthier snacks, according to the NACS Retailer Sentiment Survey, reported NACS Daily (April 24).
More than three in four convenience retailers expect in-store sales to increase this summer compared to last year, while 56% said sandwiches and meals will drive sales growth and 35% cited healthy packaged snacks. For beverages, 61% expect to see energy drink sales increase and 49% expect an increase in bottled water sales.
While the average price of regular-grade gasoline in the U.S. jumped 10 cents a gallon since May 8 to $3.00, consumers’ summer travel is not likely to be affected, reported Yakima Herald (May 20).
About a fifth (22%) of fuel consumers say they are likely to spend “much less” or “somewhat less” on typical non-gas household purchases, such as groceries, than they did last month, compared to the 16% who said so in April.
In The Food Institute's recent webinar "Achieving a self-sustaining business model: Top 3 trends companies need to think about post-COVID-19," Greg Wank, CPA, CGMA, partner and leader of Anchin's food and beverage group, as well as David Eben founder and CEO of Carrington...read more
Chris is a business writer and market analyst that focuses on the Markets, Legal and Washington sections of the Food Institute Report. In addition, he assists in compiling data for various Food Institute publications throughout the year. He invites you to contact him via email at email@example.com to talk about anything food-related.
10 Mountainview Road
Upper Saddle River, NJ 07458
Food Institute reps are available to answer your questions
BECOME A MEMBER
For close to 90 years, The Food Institute has been the best "single source" for food industry executives, delivering actionable information daily via email updates, weekly through The Food Institute Report and via a comprehensive web research library. Our information gathering method is not just a "keyword search."