What is the business model of convenience stores globally?

A convenience store is like a tiny, busy neighborhood where you can get everything you need quickly, all in one place.

Convenience stores are like little helpers that stay open late so people can grab food, drinks, or other things when they're too tired to go to a bigger shop. They make money by selling these items at slightly higher prices than the big stores, but it’s faster and easier for customers.

Convenience stores sell everyday items like snacks, drinks, bread, and even small gadgets. These are things people need right then and there, just like how you might grab a juice box after school without thinking about it.

They also have a special deal with bigger companies, like when they put your favorite cereal or candy in their shelves. Sometimes these big companies pay them to do that, which is like getting an extra treat for helping out.

Because they’re open late and sell things you need right away, people all over the world, from cities to towns, love having a convenience store nearby. It’s like having a friendly neighbor who always has what you need!