Inaugural industry study shows Canadian convenience stores employ 165,000 and generate $16 billion in tax revenues each year



    LAVAL, QC, April 7 /CNW/ - Convenience stores may be small, but they pack
a big economic punch. The conclusion is drawn by the first Convenience Stores
of Canada Industry Report, a macro-economic study released by the Canadian
Convenience Stores Association (CCSA) and carried out by HEC Montréal in
collaboration with PricewaterhouseCoopers and Desjardins.
    "This report demonstrates how important convenience stores are to
Canadians and the sizeable impact our industry has on the Canadian economy,"
said Dave Bryans, President, Canadian Convenience Stores Association. "We're
in every community, in every neighbourhood, serve every demographic and are
entrusted by government to sell more age-restricted products than any other
retailer. We're unique. There isn't another retail industry like ours. If we
can leave people with one message from today it's that the contribution of
convenience stores to job creation, the public purse and entrepreneurship is
an exceptional one and must be preserved."

    
    According to the report by HEC Montréal:

    -   Canada has 23,500 convenience stores
    -   10.4 million Canadians shop in a convenience store each day -
        approximately twice the population of Canada every week
    -   Convenience stores employ 165,000 Canadians and generate
        $32.1 billion in annual sales
    -   Convenience stores pay $2 billion in salaries each year, make
        $26.8 billion in purchases from Canadian suppliers and generate
        $15.8 billion in tax revenues to governments
    

    "Convenience stores are key players in the Canadian economy (...),
essential to governments in the sale of controlled products and in the
collection of all sorts of taxes. They also play a crucial role in the chain
of activities that enables businesses to reach consumers." - Convenience
Stores of Canada Industry Report

    Fighting over-regulation and tobacco smuggling

    The report also stressed the fragility of an industry in which growth is
curtailed by the dramatic increase in tobacco smuggling that every year
deprives convenience stores of close to $2 billion in revenues and $260
million in profits and deprives governments of $1.3 billion in taxes.





For further information:

For further information: Media inquiries: John Perenack, (416) 948-8722,
perenack@primestrat.com

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Canadian Convenience Stores Association (CCSA)

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