Convenience Store News - July 2017 - 29

Cover Story

"Is there room for other players to come in? One
have those 100-, 200-, 500-store chains anymore, with
hundred percent," Shriber said. "We are currently
some exceptions," he explained. "But there are still
working on deals with relatively new entrants to the
portfolios in the 10- to 50-site range that will still be
industry, and in some cases brand-new, who have
attractive and will continue to trade."
never owned a chain of retail gas staWhile the larger entities have access
tions before."
to more, and cheaper, capital and are
63,368
The convenience channel continues
able to purchase assets readily, the
The number of U.S. convenience
to be an attractive market. Demand
door is open for other retailers to
stores in operation by the Top
in the convenience and gas industry
move up the ranks, Flippen observed.
100 chains
is stable, with 268 million passen"There are a few chains that can
ger vehicles on the road. The c-store
break into the Top 100. We work
40,725
industry is also benefiting from the
with clients that may only have 20,
The number of U.S. convenience
slowdown in other retail channels.
25 or 50 stores, but they really want
stores in operation by the Top
10 chains
"This [convenience and gas] space
to grow their businesses and they
is an area where I have seen more
will be more aggressive in buying
40.9%
interest from non-traditional players
assets - moving them into the Top
The percentage of total U.S.
because, from a real estate standpoint,
100," he said.
c-store industry stores controlled
you have a lot of companies that have
"I also think those that are in the
by the Top 100 chains
been in the traditional shopping mall
Top 100 may not continue to operate
and strip center space. Retail playtheir assets forever. There are a lot of
26.3%
ers that fill these storefronts continue
third generation run-businesses that
The percentage of total U.S.
to fold or close dozens of locations,"
don't have someone to take over,"
c-store industry stores controlled
by the Top 10 chains
Shriber said, pointing to companies
Flippen added.
like Sports Authority, Payless Shoes,
"You will find other companies
Radio Shack and Eastern Outfitters.
merging and doing deals, and they
will get into the Top 100," he said, noting not all sales "With no other retailers readily to fill the void, you
have real estate companies that are interested in other
will go to the larger, quasi-publicly traded entities.
retail spaces."
There is room for brand-new players to crack into
Consolidation in the industry may be making
the c-store industry, too.

WWW.CSNEWS.COM | JULY 2017 | Convenience Store News 29


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Table of Contents for the Digital Edition of Convenience Store News - July 2017

Contents
Convenience Store News - July 2017 - Intro
Convenience Store News - July 2017 - Cover1
Convenience Store News - July 2017 - Cover2
Convenience Store News - July 2017 - 3
Convenience Store News - July 2017 - 4
Convenience Store News - July 2017 - 5
Convenience Store News - July 2017 - Contents
Convenience Store News - July 2017 - 7
Convenience Store News - July 2017 - 8
Convenience Store News - July 2017 - 9
Convenience Store News - July 2017 - 10
Convenience Store News - July 2017 - 11
Convenience Store News - July 2017 - 12
Convenience Store News - July 2017 - 13
Convenience Store News - July 2017 - 14
Convenience Store News - July 2017 - 15
Convenience Store News - July 2017 - 16
Convenience Store News - July 2017 - 17
Convenience Store News - July 2017 - 18
Convenience Store News - July 2017 - N1
Convenience Store News - July 2017 - N2
Convenience Store News - July 2017 - 19
Convenience Store News - July 2017 - 20
Convenience Store News - July 2017 - 21
Convenience Store News - July 2017 - 22
Convenience Store News - July 2017 - 23
Convenience Store News - July 2017 - 24
Convenience Store News - July 2017 - 25
Convenience Store News - July 2017 - 26
Convenience Store News - July 2017 - 27
Convenience Store News - July 2017 - 28
Convenience Store News - July 2017 - 29
Convenience Store News - July 2017 - 30
Convenience Store News - July 2017 - 31
Convenience Store News - July 2017 - 32
Convenience Store News - July 2017 - 33
Convenience Store News - July 2017 - 34
Convenience Store News - July 2017 - 35
Convenience Store News - July 2017 - 36
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Convenience Store News - July 2017 - Cover3
Convenience Store News - July 2017 - Cover4
Convenience Store News - July 2017 - U1
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