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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 provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

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 - Industry SWOT Analysis Chapter

The Convenience Stores industry is in the mature stage of its life cycle. Industry value added (IVA), which measures the industry's contribution to GDP, is forecast to grow 2.6% in the 10 years to 2019. In comparison, GDP is projected to increase 2.7% per year on average during the same period. In addition to the industry's IVA slightly lagging behind GDP growth, other factors point to the maturity of this industry. For instance, wages are growing as the government mandates higher minimum wage rates and as the industry generates stronger revenue. In addition, longer operating hours will continue to drive wage costs up in the future.

In line with an industry that is approaching saturation, significant increases in industry market share are being driven by mergers and acquisitions... 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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