ALEXANDRIA, Va. -- NACS said that the NACS Category Definitions & Numbering Guide, Version 7.1, is now available for download. It updates product category definitions.
In developing the updates, the NACS Research Committee worked closely with industry leaders and key stakeholders to make a few important changes to the 7.0 version, which was published in 2010. These changes improve the clarity of the guide and reflect recent updates resulting from product transition and diversification.
"These categories can be used by the industry to establish performance benchmarks and a framework for retailers and manufacturers to have meaningful discussions regarding market performance comparisons," said NACS Research Committee chairman Joe Sheetz. "However, it is important to emphasize that a product's inclusion in one of the categories set forth has no meaning, express or implied, other than uniformity of treatment for benchmarking and comparative performance purposes."
Specific updates include:
NACS released its first guide, the Category Definitions & Numbering Guide 1.0, in 1998 to provide a framework for data collection and benchmarking the industry's category performance.
Founded in 1961 as the National Association of Convenience Stores, NACS is the international association for convenience and fuel retailing. The U.S. convenience store industry, with more than 149,000 stores across the country, posted $681 billion in total sales in 2011, of which $486 billion were motor fuels sales. NACS has 2,200 retail and 1,600 supplier member companies that do business in nearly 50 countries.