Industry Analysis & Industry Trends
Convenience stores have grown in popularity over the five years to 2014, as more Americans have returned to work and decreased their leisure time. In response to growing demand for convenience and timesaving options, industry operators have opened additional stores, expanded into new markets and readily adapted to changing consumer tastes in order to increase sales. In the five years to 2019, increasing demand for convenience, improving personal disposable income and industry consolidation are expected to boost sales and lower costs... purchase to read more
Industry Report - Starting a New Business Chapter
Barriers to entry in this industry have traditionally been low but are increasing as businesses consolidate and create larger players with vast resources. The low level of product differentiation and minimal customer loyalty are conducive to the entrance of new players. Moreover, start-up costs are not prohibitive for smaller players and the industry is not highly labor intensive. All of these factors indicate a strong likelihood for new companies to enter the market.
The top convenience store chains account for about 25.0% of sales, yet no single operator has control over pricing, advertising, distribution or customer loyalty. Market saturation is driving consolidation... purchase to read more