Recently reported by the Merchants Payments Coalition (MPC), rising swipe fees banks charge merchants to process credit and debit card transactions could potentially cost consumers over $500 million in higher prices for Valentine’s Day items this year. “There’s nothing romantic about swipe fees,” Doug Kantor, MPC executive committee member and National Association for Convenience Stores (NACS)…

With the Super Bowl slowly approaching, people are preparing for the big game by buying decorations and their favorite snacks. In fact, according to a report published by Advantage Solutions, customers are planning to spend upwards of $100 on food and beverages for the game. Advantage Solutions surveyed over 1,000 adults to see what they…

Heading into 2023, three macroeconomic challenges will have a profound impact on overall restaurant industry performance, according to a recent Dining Industry report by Bounteous; these are labor, supply chain and inflation. Average operator profit margin in the restaurant vertical was 21% prior to the pandemic, but declined to 13% in 2022. As more convenience…

The Reagan-Udall Foundation engaged an independent expert panel to evaluate the operational aspects of the U.S. Food and Drug Administration’s (FDA) tobacco regulatory program, as directed by FDA Commissioner Robert Califf’s public statement on July 19, 2022, according to the National Association of Tobacco Outlets (NATO). In the statement, Commissioner Califf stated that “the agency…

Deloitte has released its 2023 retail industry outlook report exploring retail trends to help retailers elevate their business strategy beyond traditional cost-cutting. The report is based on a series of interviews with 50 senior retail leaders, 70% of which are from companies with an annual revenue of $10 billion or more, as well as Deloitte’s…

According to part one of  SML Groups’ state of retail report, 48% of retailers believe frequently out-of-stock items cause the biggest challenge to them serving customers in today’s retail environment. An additional half (48%) of retailers reportedly see improving the in-store customer experience as a top priority throughout 2022. The report casts light on industry…

The National Association of Convenience Stores (NACS) and NielsenIQ released their third global convenience retailing industry report providing industry-leading data, macro trends and analysis for 35 countries in North America, Europe, Asia-Pacific, and Central and South America. The expanded Q3 report includes the addition of measurements from Central and South America, as well as category-specific…

Maverik has announced its 2022 top products sold in different states. With 12 million inside transactions a month, Maverik serves a ton of its fans’ favorites. Here’s a look at the top picks across Maverik’s BonFire food, snacks and drinks in 2022. The food items most frequently purchased with XL fountain drinks are: Maple and chocolate…

Wakefield Research surveyed 1,000 nationally representative U.S. adults for Saputo Dairy USA’s Vitalite dairy-free cheese brand on the growing movement to adopt a vegan lifestyle. As people set out for healthier mindsets as part of their New Year’s resolutions, the initiative has become more popular in January. Whether for personal health or planetary health reasons,…

Packaged Facts’ new report titled “Food Waste and Upcycling: Trends and Opportunities in Sustainability” states that 61% of consumers in the proprietary November 2022 Packaged Facts National Online Consumer Survey strongly agree that they are concerned about rising food prices and for good reason. The U.S. Department of Agriculture (USDA) Economic Research Service (ERS) and…