Industry Analysis & Industry Trends
Convenience stores have grown in popularity over the five years to 2016 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 2021, 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 are home to the most convenience stores. These regions are expected to account for 42.8% of the total convenience stores in the United States in 2016. 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