Author Topic: The Future of the American Convenience Store  (Read 3034 times)

DooDiligence

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Re: The Future of the American Convenience Store
« Reply #10 on: January 15, 2021, 08:22:08 PM »
« Last Edit: January 15, 2021, 08:40:16 PM by DooDiligence »
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DooDiligence

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Re: The Future of the American Convenience Store
« Reply #12 on: January 16, 2021, 07:22:29 AM »
DD, the deal is already dead:
https://financialpost.com/news/canadas-couche-tard-drops-20-billion-carrefour-takeover-plan-after-opposition-from-france-govt

Oops, I missed that.

I thought the writeup posted by jasonchin was interesting.
People still go to convenience stores for purchases other than gas.
A smart operator could leverage locations as the landscape changes for ICE.
AFL // BRK.B // CLB // EQC // EW // GPC // MO // NVO // PSX // TPL // VDE // VLGEA // WFC

Investable cash 14.7% + 26 months of survival ca$h

---

Reggae rarely modulates because it doesn't need to. Jackie Mittoo was a Hammond B3 god!

mranski

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Re: The Future of the American Convenience Store
« Reply #13 on: January 16, 2021, 01:07:19 PM »
My guess is the Cstore is a viable niche long term, in spite of the impact of EV and declining fuel sales.
Anecdotally the 7eleven near me has constant lineups, but the vast majority donít seem to be fuel customers.
The ABC stores I visited in Hawaii seem to be very busy mostly without pumps.
My guess is the number of service stations has been declining anyway due to land availability, municipal approvals and for other reasons. Couche Tarde recently bought Circle K in Hong Kong, and considering land constraints there, the stand alone cstore must be viable in their plans.