CREATING CASH HANDLING EFFICIENCIES

 Convenience stores across the globe are experiencing a transformation from once fuel-driven landscapes to offering essentials that consumers once acquired from retail stores. C-stores face an abundance of macro-industrial and micro-level issues from labor costs, data security breaches, credit card fees, crude oil price stagnation to health care reform, overtime regulations, and cash shrinkage.

 

The convenience store industry processes approximately 160 million transactions a day and touches $1 of every $31 in the U.S. economy. U.S. convenience (gas stations) consists of 153,000 stores and accounts for $650 billion in total sales according to NACS/ Nielsen. North American convenience stores decreased by 1.1% in 2019 as most industries did. 80% of U.S. convenience stores (122,000) sell fuel and 62% are dominated by single-store operators (95,000 stores).

 

Convenience stores (gas stations) dominate cash payments with 63% of all transactions - the highest among retail verticals. With a small store footprint, shoppers on-the-go can quickly grab food, gas, household essentials and more with typical transactions under $50. As cash is the most popular payment method, c-store owners naturally require durable POS solutions that diminish their cash handling challenges. In this setting, manual cash handling leads to high labor costs and cash discrepancies which impact their bottom line. Store owners also experience threats of robbery, internal theft and counterfeit cash. APG Cash Drawer provides multiple solutions to help reduce cash management issues in the convenience industry.

 

Facts + Statistics

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Cash In Convenience


Amounted to $410 B in sales across US stores in 2018

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Cash In Convenience


Represents 63% of all cash transactions according to Cashtech Currency

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Global C-Store Sales


Total sales is $650 billion in 2019 | (NACS)

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Global C-Store Sales


Totaled £43B (UK), €8.7B (France) and €9.1B (Germany) | Global Retail & Technology

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Global C-Store Count


153,237 in the US with 95,445 by single Operator | (NACS)

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Global C-Store Count


Was 15,741 (Germany), 13,335 (France), and 3,869 (UK) | FBIC: Global Retail & Tech

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C-Store Opportunities


Lies in fresh food demands, shopping, Acquisitions | (NACS)

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C-Store Opportunities


Through market entry, pricing, and wages | (NACS)

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Shrinkage in C-Stores


Involved $4.5B in cash losses for c-store | (Retail Fraud)

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Shrinkage in C-Stores


Contributes to oil price stagnation, healthcare, overtime regulations | Retail Knowledge


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Reliable Opinions

testimonial Aug 8, 2018
"

We've purchased these cash drawers before and are highly satisfied with your products

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- Andre Walker, City of Pearland Recreation Center & Natatorium (JD320-BL1816-C)

testimonial Aug 8, 2018
"

This is my first purchase of an APG cash drawer and I haven't really used it yet but I can tell you I just love it and I'm so so excited to start using it! I purchased two to use...

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- Andres Alvarez, John Deere Landscapes (T320-BL1616)

testimonial Aug 8, 2018
"

Well constructed, works great!

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- Andrew Freundlich, POPtions Popcorn (T320-BL1616)

testimonial Aug 8, 2018
"

I've had the same APG Cash drawer since 2001 and it works as good today as the day I purchased.

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- Eric Chabot, Spareparts (T320-BL1616)

testimonial Aug 8, 2018
"

It's very well made and heavy duty durable. Works very well for a busy, fast paced environment.

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- Jamie Bennefield, Okeymowkisik Gas Bar (Series 4000 Cash Drawer)

testimonial Aug 8, 2018
"

The cash drawers are easy to use and set up!

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- Pete Rhymes, Valvoline Express Care of Waller Texas (JD554A-BL1816-C)

testimonial Aug 8, 2018
"

The APG cash drawer we use has no returns at all – an excellent product!

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- Var comment from BSM’s 2009 Best Channel Product (APG JB320-BL1816-C)