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 Products Chapter
Convenience stores primarily serve as a source for fill-in items to supplement total food store purchases; therefore, having the right mix of a limited product selection is critical to convenience stores' success.
Convenience store companies are trying to reduce their dependency on tobacco products due to threats of government regulation and taxation and escalating consumer health concerns. However, the industry is still heavily reliant on tobacco sales. Tobacco sales consistently make up the largest product category, and sales have grown as a proportion of this industry's revenue over the past five years... purchase to read more