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Merchandise Sales Top $1M Per Store in 2008

National Report -- Despite record high gas prices last year and the beginning of a national recession, combined in-store merchandise sales (excluding foodservice) topped $1 million per convenience store, according to data from the Convenience Store News 34th Industry Report.

In-store merchandise sales alone totaled an average of $1,019,893 per store in 2008, an increase of 2.7 percent, despite fears from many retailers that exorbitant fuel prices would leave consumers wallets empty for making in-store purchases. With foodservice added, the average convenience store achieved in-store sales of $1,170,451 last year, an increase of 3.3 percent over 2007.

Total in-store sales topped $1 million per store for the first time in 2005, according to the CSNews Industry Report, the longest running compilation of convenience store sales and operational results in the industry.

CSNews’ 34th Annual Industry Report will be published in the June 1st issue of CSNews. Based on Nielsen research and an exclusive CSNews retailer survey, the CSNews Industry Report provides the most comprehensive information on industry sales and performance, along with insightful analysis from the industry’s most-knowledgeable editorial staff.

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