Financial services giant Wells Fargo has said that US-based convenience stores should look to wean themselves away from a dependency on fuel retailing if they are to maintain a positive growth arc in the future.
Wells Fargo was commenting following the National Association of Convenience Stores (NACS) State of the Industry (SOI) Summit in Chicago, which welcomed around 600 of the US’s leading convenience store retailers.
It reported that while 2018 was a ‘banner year’ in terms of in-store sales, the ‘tone of the conference was rather subdued’, due to a number of factors.
