Convenience stores put $6 billion into annual improvements, study finds

//Convenience stores put $6 billion into annual improvements, study finds

Convenience stores put $6 billion into annual improvements, study finds

resize_shutterstock_311443724American convenience stores invested more than $6 billion in upgrading their stores last year, according to numbers released in October by the National Association of Convenience Stores.

Store remodels cost, on average, $409,582, up 40 percent from costs in 2011. In 2015, 12 percent of convenience stores went through renovations.

The study also looked at the building of new stores. It cost about $4.36 million to build a new store in a rural neighborhood, and $4.87 million in an urban market. The cost of just the building was 37 percent, with the rest going to equipment, land and inventory.

Read more about the survey in the NACS press release.

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By |2018-10-10T11:22:34-04:00November 9th, 2016|Press|

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