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New York -- While there continues to be a landslide of doom and gloom in the general media, Convenience Store News is conducting the second in a series of special economic surveys to find out what is really happening in the convenience industry.
An exclusive survey conducted by CSNews at the end of last year revealed the financial results of convenience store retailers were hammered by the poor national economy during the third quarter of 2008.
According to the survey, representing c-store retailers of all sizes, 61.2 percent of retailers said their sales for the third quarter (July through September) were lower than they were in the same period a year ago. Only 10 percent said their third quarter sales were the same as a year ago, while 28.8 percent said their July to September 2008 sales were higher than they were in 2007.
Retailers, suppliers and wholesalers are invited to complete a quick survey that will gather information on first quarter 2009 results to be reported in the coming weeks and will reveal what we discover about the convenience retail landscape across the country. Please visit: www.surveymonkey.com/csnbusiness.
Economy Batters C-stores -- January 26, 2009