💡Gas stations and convenience stores make up a $654 billion industry in the US.
🏪30% of all stores in the US are convenience stores, totaling to 152,000 establishments.
🔄While convenience stores have traditionally been locally-owned, corporate ownership is increasing.
🔌The shift towards electric cars poses challenges for fuel-based convenience stores.
🍔Successful stores differentiate themselves by offering fresh food and unique experiences.
How many gas stations are there in the US?
—There are 152,720 gas stations operating in the United States as of December 2019.
Are all gas stations owned by oil and gas companies?
—No, despite corporate logos, most gas stations are independently owned businesses.
Are convenience stores struggling to compete with e-commerce?
—Yes, convenience stores face competition from e-commerce and the convenience of online shopping.
What challenges do small, independently owned convenience stores face?
—Smaller stores struggle to keep up with larger chains that are expanding their offerings and focusing on food and fresh products.
How are convenience stores adapting to the changing landscape?
—Successful stores are diversifying their offerings, focusing on food, craft beer, and high-end wine to attract customers.
00:00Gas stations are a familiar sight on American roads, but they are often misunderstood and play a vital role in the retail industry.
01:30The convenience store industry is a $654 billion industry in the US, with 152,000 establishments.
05:55The rise of e-commerce and technological innovations, along with the emergence of electric cars, is changing the landscape of gas stations and convenience stores.
09:55Successful stores are differentiating themselves by offering fresh food, craft beer, and high-end wine.
10:52Transforming traditional convenience stores into unique destinations requires creativity, investment, and adaptation.
