Industry Analysis & Industry Trends
Convenience stores have grown in popularity over the five years to 2015 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 2020, 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 Products Chapter
Convenience stores primarily serve as a source for fill-in items to supplement total food store purchases. Therefore, stocking the right mix of a limited product selection is critical to the success of this industry.
Convenience store chains are trying to reduce their dependency on tobacco products due to increased government regulation and taxation and escalating consumer health concerns; however, the industry is still heavily reliant on tobacco sales. Tobacco consistently constitutes 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