Coronavirus upends convenience stores [CNNMoney.com]
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Source: CNNMoney.com
No more self-serve soda and hot dog rollers: Coronavirus upends convenience stores New York (CNN Business) The coronavirus outbreak is threatening America's vast convenience store industry as consumers fill up at the pump less frequently and companies pull self-serve soda machines and hot dog rollers. There are upward of 150,000 convenience stores in the United States, more than all of America's grocery stores, drug stores and dollar stores combined. The convenience store industry has been designated as an "essential" business and stores have mostly remained open during the crisis. Although the outbreak does not appear to be a death knell for the industry, chains are facing major challenges to their businesses. More than 60% of convenience store' sales came from fuel in 2018, according to the National Association of Convenience Stores, an industry trade group . But millions of Americans are currently under shelter-in-place orders and have stopped driving to and from their jobs.
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