It's good to be a convenience store these days. Despite pressure on gas margins and declining demand for cigarettes, sales and profits are improving. Some of the industry's biggest players are acquiring some of the smaller, less efficient operators, and many of the regional players are dominating in their niche. "This is a huge industry in terms of store count - the 10 most important players account for about 25% of the stores, so that leaves a highly fragmented industry where there is ...

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