NACS has compiled and presented performance data for the U.S. convenience industry since 1969. And as the industry has grown and become more sophisticated, so has the methodology for our data collection and analysis.
NACS has invested significant resources over the last 40 years in its State of the Industry initiatives, and has partnered with best-in-class providers to deliver insightful, useful information about the industry.
Since 1995, NACS has worked with TDLinx, a service of The Nielsen Company, to accurately count and classify businesses in the convenience and petroleum retailing industry. The annual NACS/TDLinx Official Industry Store Count provides the industry€™s benchmark for overall store count, enabling a consistent measurement year over year.
NACS continued to enhance its data reporting and analysis capabilities in 2007 with the acquisition of CSX LLC, the industry€™s largest online database of financial and operating data. Today, the NACS CSX database is the engine that powers the NACS State of the Industry Report.
By sharing your company€™s data, you become a part of the most comprehensive collection of firm-level, store-level and category data and trends in the industry.
And while other organizations might forecast the future of the convenience industry, they use our data to develop their predictions. Takeaways from State of the Industry data also help us quantify our industry€™s influence on the economy and society to legislators in Washington, D.C., helping us to better serve our members and their interests. In recent times, we used the insights and metrics we gleaned from data to help us lobby on Capitol Hill and fight for swipe fee reform.
Your data also fuels the content of the annual NACS State of the Industry Report, the convenience and petroleum retailing industry€™s premier benchmarking tool, not to mention the most comprehensive collection of data and trends. Inside the pages of the report you€™ll find valuable information you can use to maximize your company€™s growth and profitability.
Submitting data is easy €" and all submissions are kept strictly confidential. From now until March 25, visit soisurvey.com and complete the State of the Industry survey. Then, e-mail the completed survey to Vicki Kristoff, CSX manager of quality assurance, at email@example.com.
Retailers who share their data will receive a complimentary NACS State of the Industry Summit registration and a free NACS State of the Industry Report in June (a combined $1,250 value!). Purchasers of the report will also receive the NACS Convenience Store Industry Fact Book as a downloadable, self-extracting file.
New for 2011: Retailers who do not participate in the annual State of the Industry survey or submit data via Study Groups or CSX will be charged $999 (for up to three participants) to attend the State of the Industry Summit.
Basically, if you don€™t submit your data, you€™d have to sell nearly 3,000 cups of coffee to make up for what you€™d be paying to attend the Summit. Share and save!
After you€™ve submitted your data, be among the first to hear the results and expert interpretations of the industry€™s 2010 performance at the NACS State of the Industry Summit, which takes place next year in Chicago from April 5 to 7.
The Summit not only tells the story behind the numbers, it€™s also the key to unlocking and understanding critical industry data and trends €" the building blocks for creating and sustaining a successful financial future. The general sessions focus on the economic outlook, the oil market, access to capital and industry and consumer trends and opportunities.
This year€™s speakers include Walter Zimmermann, chief technical analyst at United Energy, who will give a comprehensive market forecast, and David Nelson, president of Study Groups, who will tackle an overview of the U.S. economy. Historically, presentations from these two State of the Industry veterans are anything but dry, and attendees walk away from the event with tremendous insight on the future of the marketplace.
In addition to the general sessions, the Summit includes breakout sessions that focus on key categories €" such as foodservice, consumer behavior and other industry issues €" as well as networking opportunities with leading industry retailers and NACS supplier member companies.
Learn more about the NACS State of the Industry Summit at nacsonline.com/soisummit. Registration opens in early December.
In addition to the NACS State of the Industry Report, NACS offers two additional critical industry resources:
NACS State of the Industry Compensation Report: Provides annual base salaries and additional compensation for convenience store positions (executive, operations and store-level) by region and firm size. It examines turnover data for district managers, store managers, assistant store managers, and both part-time and full-time employees. Also includes metrics on benefits, including paid time off, employee health care, 401(k) plans, life insurance and other benefits.
NACS State of the Industry Technology Report: The industry€™s most in-depth examination of technology challenges and perceptions as well as usage and expenditure metrics for a variety of key technology-enabled issues, including PCI compliance, pricebook, scan data, lottery and inventory management.
To purchase the 2009 compensation or technology report, go to nacsonline.com/shop. The 2010 versions of the two reports will arrive in early summer 2011.