CREATING CASH HANDLING EFFICIENCIES IN CONVENIENCE STORES

 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 a plethora of macro-industrial and micro levels 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. US Convenience (Gas Stations) consists of 155,000 stores and $601 billion in total sales according to NACS/ Nielsen continues to grow. North American convenience stores increased by .3% in 2017 as projected in 2016. 80% of US convenience stores (124,000), sell fuel and 63% are dominated by single-store operators (98,000 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 are under $50. As cash is the most popular payment method, convenience store owners naturally require durable POS solutions that mitigate their cash handling challenges. In this setting, Manual cash handling leads to high labor costs and cash discrepancies which impact the bottom line. Store owners also experience threats of robbery, internal theft and counterfeit cash.

 

APG Cash Drawer has multiple solutions to help curtail cash management issues in the convenience industry. Learn more about these below.

Facts + Statistics

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Cash In Convenience


Amounted to $347B in sales across US stores in 2017

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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


Was $601B in total sales and projected to increase in 2018 (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


Were 150,345 in the US with 98,000 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
"

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
"

Great heavy duty cash drawer, we have 25 that have been in service for over a year, and I just ordered 5 more.

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- Rick Whilden, Lake County Clerk of Court (JB554A-BL1816)

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)