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Convenience Stores in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Convenience Stores Market Research Report | NAICS 44512 | Oct 2014

Added convenience: Increasing demand for convenience and variety will stimulate industry revenue

IBISWorld’s Convenience Stores market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$42bn
Annual Growth 09-14
1.7%
Annual Growth 14-19
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Profit
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Employment
136,722
Businesses
39,912
Industry Analysis & Industry Trends

Convenience stores have grown in popularity over the five years to 2014 as more Americans 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 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 - Industry Locations Chapter

A prime location is essential to a convenience store's success because quick and easy access is essential to drive foot-traffic. As with most retail industries, the location of establishments typically relates to the region's population density. This aspect, in turn, affects the employment level and wage costs of each region. In theory, a greater number of residents generate stronger demand for convenience stores.

At the regional level, the Southeast and West regions house the most convenience stores. These regions are expected to account for about 42.9% of the total convenience stores in the United States in 2014. Within these regions, California and Florida are expected to house the most convenience stores, accounting for 8.6% and 9.7% of industry establishments, respectively... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Convenience Stores Industry?

Operators in this industry are retail businesses that primarily sell basic food, beverage and tobacco merchandise in convenient locations that are generally open during extended hours. This report excludes gas stations (IBISWorld report 44719), gas stations with convenience stores (IBISWorld report 44711), grocery stores (IBISWorld report 44511) and small kiosks.

Industry Products
Tobacco productsFood servicePackaged beveragesCandy and snacksBeer
 
Industry Activities
Retailing a limited line of goods with an emphasis on basic food, beverages and tobacco products


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