Industry Analysis & Industry Trends
Convenience stores have maintained growth in spite of a tough economy over the past five years by offering convenience, value and a mix of fresh and healthy products. The industry remains highly fragmented and is focused on living up to its name, emphasizing accessibility and easy transactions. Improving economic conditions and increased consumer spending will benefit the industry through the next five years; however, larger stores that maintain lower costs will continue forcing the industry to consolidate to remain competitive... purchase to read more
Industry Report - Industry Analysis Chapter
Convenience stores have grown in popularity in the five years to 2014, as more Americans have returned to work and become busier. In response to growing demand for convenience and timesaving options, industry operators have opened new stores, expanded into new markets and readily adapted to changing consumer tastes in order to increase sales. As such, industry revenue is anticipated to grow an annualized 1.7% to $41.9 billion in the five years to 2014.
Nevertheless, the industry has faced some unpleasant conditions. Rising costs and mounting competition from other food retailers, such as supermarkets and dollar stores, have limited growth in food sales and profitability... purchase to read more