TL;DR
Convenience stores are evolving to compete with fast food chains by offering improved food options and better-quality beverages, posing a threat to QSR franchises. A recent survey found that 56% of consumers view C-stores as viable alternatives to fast food chains.
A recent survey by Intouch Insights highlights how convenience stores (C-stores), such as 7-Eleven, Circle K and AMPM, are evolving to compete with fast food chains, as 56% of consumers now view them as viable alternatives. This shift is driven by improved food offerings, including fresh, customizable options and better-quality beverages.
According to the survey, 36% of respondents said their primary purchase at a C-store is coffee, while 26% said it is prepared food. The majority of respondents (62%) said that food purchased at a C-store provides “good value.” Gen Z and millennial consumers particularly appreciate the speed, convenience and freshness C-stores provide.
C-stores are also embracing technology, offering enhanced loyalty programs, mobile ordering and contactless payment to align with modern consumer expectations. As C-stores elevate their service, traditional fast food establishments must innovate to maintain their competitive edge.
In this story
This story was originally published in 1851 Franchise on September 20, 2024. Burnaze summarizes and links to the original reporting.
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