Convenience Stores Taking A Bite Out of Traditional Restaurant Sales

Packaged Facts projects that convenience store foodservice sales grew 6% in 2010, and will rise an additional 6% in 2011 and 5% in 2012. In what is seeming more and more like a battle for consumer dining-out dollars, convenience stores continue thier growth and take sales & profits from traditional “sit down” restaurants, accoridng to market research firm Packaged Facts. Looking like a boon to disposable tabletop and another blow to the traditional china, glass, and silver folks, this trend has been growing steadily and is expected to continue according to the research firm.

“By enhancing foodservice quality and variety, we believe convenience stores are poised to benefit from increased sales of gasoline and other merchandise, as consumers seek to consolidate their purchases in the interest of efficiency,” says David Sprinkle, publisher of Packaged Facts. “Because it is so well positioned, we anticipate that convenience store industry foodservice sales growth will outperform the retail and restaurant foodservice industry average through 2013.”
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