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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 | Jul 2014

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

IBISWorld’s Convenience Stores market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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 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

 


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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