After 50 Years, One Family's Exit Highlights a Brutal Reckoning for Small Convenience Stores

After 50 Years, One Family's Exit Highlights a Brutal Reckoning for Small Convenience Stores

Tom and his wife poured nearly five decades into their chain of convenience stores. Long hours. Thin margins. The constant pressure of keeping shelves stocked and customers satisfied in a business that never sleeps. Last year they made the call. They sold every location. The decision came after years of mounting costs and shrinking profits. Labor expenses climbed. Competition from larger chains and quick-service restaurants intensified. Technolo…

After nearly 50 years, convenience store chain sells every location

Consumers in the United States often view convenience stores as essential, fast-service stops for drinks, snacks and fuel. Moreover, the latest industry data shows that these stores are becoming direct competition to fast-food chains, offering fresh meals and premium coffee. However, at the same…