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As retailers from across America gather today for the 2007 National Association of Convenience Stores, a new Atlanta-based international business association, El Club de Comerciantes, makes its debut. El Club will introduce the Association, and is sponsoring the first in a series of educational seminars that will educate business owners and suppliers alike on the challenges of today’s economy and diverse culture. The program was designed for retailers and individuals interested in starting their own businesses.
According to NACS 2007 report, convenience store sales hit new highs in 2006, climbing 15 percent to reach a record $569.4 billion. Inside the store, revenues grew 8.3 percent to reach $163.6 billion, with merchandise revenues increasing 8.7 percent to hit $144.8 billion, and foodservice revenues growing 5 percent to reach $18.8 billion. On a per-store basis, combined in-store sales hit a record high average of $1.14 million per store. According to a report on minority buying power released by the Selig Center for Economic Growth at the University of Georgia’s Terry College of Business, Hispanic buying power in the United States is projected to exceed $8 billion it in 2007. The strength of the Hispanic market is clearly evident.”*
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