Retail

US Convenience Stores Getting Squeezed By Fast Food, Dollar Stores

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The US convenience store industry is facing an inconvenient truth: Americans are changing the way they shop for snacks and drinks.

The nation’s 154,500 convenience stores are getting squeezed by competition from all sides. Fast-food restaurants and  supermarkets are slugging it out in price wars, while dollar stores keep popping up everywhere. And Amazon offers quick delivery for basic items. That’s putting pressure on gas-station retail chains to merge.

The $550 billion convenience store industry last year recorded its weakest merchandise sales growth since 2013, and businesses are rushing to improve loyalty programs, offer better food and let customers order online. Some are even testing delivery.

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