November 12th 2024.
According to recent data, a growing number of people are relying on service stations and convenience stores to satisfy their daily caffeine fix as the cost of living continues to rise. In fact, popular chain 7-Eleven has reported selling an additional 50,000 cups of coffee every week, and other similar retailers like Reddy Express (previously known as Coles Express) are also experiencing a significant increase in sales.
One of the main factors driving this trend is the variety of options available at these locations. As Tracy Hammon from Reddy Express explains, customers have a range of choices beyond the standard machine-made coffee. With options like cappuccino, latte, and long black, it's no wonder that more and more people are choosing to stop by these convenience stores for their caffeine fix.
In contrast, the cafe industry has seen a decline in profits, with a 1.8% dip in 2024. This has led to the closure of over 700 businesses across the country. On the other hand, a cup of coffee from a service station can cost as little as $2, which is less than half the price of one from a local cafe. For those who purchase a cup of coffee every day, this can result in savings of over $1000 per year.
However, cafe owners are reminding consumers about the importance of supporting local businesses to keep the economy afloat. As Tony Roussos from Degraves Espresso points out, visiting a cafe is more than just buying a cup of coffee - it's about the experience and supporting the community. By choosing to support smaller, local businesses, we can help keep our communities thriving.
While some people are opting for a service station stopover instead of visiting a cafe, the majority of the coffee market is still dominated by instant coffee, which holds a 42% share. As a reminder, you can stay updated on all the latest news, sports, politics, and weather by downloading the 9News app, available on both the Apple App Store and Google Play.
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