Convenience Store Sales Plunge 4.3% as Shoppers Skip Snacks and Smokes

Empty gas tanks aren’t the only thing haunting convenience stores these days. Americans are pumping and running — skipping their usual impulse purchases of chips, candy, and cigarettes as wallet-conscious consumers tighten their belts amid persistent inflation and economic angst. This change in consumer behavior has taken a toll on retailers, causing a 4.3% drop in convenience store sales volumes over the year ending Feb. 23.
The price isn’t right: This convenience store slump isn’t happening in isolation. A broader pullback in discretionary spending is evident across retail categories, with consumers becoming increasingly selective about their purchases. PepsiCo is trying to lure customers back with innovative offerings like cheese-topped Doritos, while J.M. Smucker rolls out special edition Twinkies — but with a $7 price tag on large bags of chips, these efforts might not be enough to reverse the trend. The only item still flying off convenience store shelves? Lottery tickets — perhaps a sign that while Americans are cutting back on snacks, they’re not giving up on their dreams of striking it rich.
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