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    40 YEARS OF CONVENIENCE RETAILING: 1984-1988

    Through the pages of Convenience Store News.

    1984

    Mergers & Acquisitions
    The Circle K Corp. purchased UtoteM Inc. from American Financial Corp. for $225 million, bringing the chain's store count to 2,180 in 17 states.

    The Numbers
    One out of 10 adults shopped at a convenience store daily, according to a CSNews/Gallup poll.

    Product Trends
    Discount cigarettes, led by generics, were the cigarette industry's prime growth vehicle, rising to an estimated 5.7 percent market share.

    1985

    Retailer Innovation
    Git-n-Go Inc. installed automated fuel terminals which accepted cash and debit cards at some of its stores.

    The Numbers
    About half of all traditional c-stores were open 24 hours; approximately 60 percent of oil retailers were.

    1986

    Industry Landmark
    The National Association of Convenience Stores celebrates its silver anniversary.

    Store Operations
    QuikTrip Corp. pulled men's sophisticate magazines from its shelves.

    Oil marketers reported paying six to seven times what they once paid for environmental impact liability insurance -- if they could get it at all.

    1987

    In the News
    Chester Cadieux, founder of Tulsa, Okla.-based QuikTrip Corp., was the first retailer inducted to the Convenience Store Industry Hall of Fame, sponsored by CSNews. Philip Morris Co. and McLane Co. Inc. were the supplier inductees.

    The Numbers
    The five largest chains in the U.S. were: The Southland Corp., The Circle K Corp., Convenient Food Mart Inc., Dairy Mart Convenience Stores and Cumberland Farms according to the CSNews Top 50.

    1988

    Government & Regulatory
    A court ruled the word "convenient" too generic to trademark causing Convenient Food Mart to lose its trademark protection on its name and private label goods after a law suit with 6-Twelve Convenient Mart Inc.

    Retailer Innovation
    Arco dipped into non-gas retailing when it signed an agreement to convert 162 Plaid Pantry stores to am/pm mini markets.

    The Numbers
    The industry's 80,000 stores sold $72.4 billion in gas and merchandise, according to the CSNews Industry Report.

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