[MONDAY MINUTE] Convenience Stores Have Become Viral Sensations | Buc-ee's, Wawa, & 7-Eleven Retail Strategy

In the 1980s, it was pay-at-the-pump technology. But 40 years later, another technological risk has emerged in the form of electric vehicles. But while there’s an additional bevy of other external threats to foot traffic like impulse purchase rapid delivery startups…it all comes back to how best can convenience stores draw consumers inside. And I believe the strategic answer is focusing on “controlling your own destiny.” So, what do Buc-ee’s, Sheetz, Wawa, and Casey’s have in common? They’ve garnered considerable loyalty nationwide (beyond their regional origins) with exceptional foodservice options. Similarly, many c-store brands (like 7-Eleven and Love’s) are accelerating their private label growth…building customer loyalty and repeat visits. The fact is…within the last century, convenience stores have faced countless threats and successfully evolved into one of the most important U.S. sales channels with over 150,000 total locations.