Convenience store operators may find themselves at the crossroads of economic challenges in 2024, requiring strategic adaptation. From inflationary pressures to dynamic consumer behaviors, this guide explores key challenges and actionable solutions to tackle these approaching issues. Consumer Spending Economic downturns or recessions often lead to reduced consumer spending. Convenience stores, reliant on impulse buys…
Cash recycling: five surprising advantages to your bottom line
As convenience store operators seek to cut costs in an uncertain economy, increasing efficiency in cash management is a smart strategy. The experience of Hutch’s convenience stores points to five ways companies can benefit from implementing a cash recycling solution. Oftentimes, convenience store owners don’t quantify the cost of cash handling when they’re looking to…
Smart Safes, Cash Recyclers, or Armored Car Service: What Does Your C-Store Need?
In the current labor environment, convenience stores are focused on how to maintain or improve store operations using automation. One area of operations that is often overlooked is cash handling. Cash still accounts for 30 percent of all in-person transactions; however, c-stores typically have higher amounts of cash transactions than other retail businesses. This makes…
Three Challenges Disrupting C-Store Operations and How to Overcome Them
The convenience store industry has continuously proved it is one of the most adaptable and resilient industries as they’ve overcome difficult operational obstacles during the pandemic. However, there are still challenges today that continue to present their own concerns. Here are three challenges that c-stores will face in 2022, and how to solve them. Labor…
Four reasons C-Stores should invest in cash recycling technology
By Stephanie Jordan Convenience stores were the first to adopt cash automation in their locations. Smart safes have helped these businesses reduce risk and decrease bank fees by eliminating employee trips to the bank. However, after years of limited options, there is now an alternative to automate virtually all cash activity in the c-store.…
How to Improve Your C-Store Security
While certain crime significantly increased over the last year, robberies were reported to decrease by 7.1 percent in the first half of 2020. According to the FBI’s preliminary Uniform Crime Report data, this decrease is due to mandated state shutdowns, physical distancing, and people choosing not to go out due to the COVID-19 pandemic. Despite…