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Use of convenience stores decreases in a poor economy

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Do you think that the use of convenience stores decreases in a poor economy or low income area?

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Solution Summary

This solution discusses the impact of a poor economy on convenience store sales, including how a convenience store could continue to thrive despite poor economic conditions.

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It should be expected that in general, sales would decline for convenience stores as they do for other retailers in a down economy. However, there are special factors which could affect the decline.

1. Location is critical. Convenience to a neighborhood will minimize the sales slowdown as consumers do not have to travel very far (gas prices being an issue). On the other hand, if the store is close to an area that has had massive layoffs, the store will likely suffer.

2. Competition is key to continuing sales. If your store ...

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