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 Key Buyers Chapter
In 2013, the largest industry player, 7-Eleven, makes up 18.8% of the market share (excluding sales from gasoline). The top four companies represented 32.8% of industry revenue. This industry has a large number of small players, with about 74.0% of operators employing between zero and four people, according to the US Census. The dominance of independent operators goes back to the historical beginnings of the industry and continues because smaller companies are can quickly adapt to opportunities better than larger players. Small companies can also compete effectively by acquiring superior locations or offering specialized merchandise or services.
The industry has been consolidating, however, with many of the large operators acquiring smaller players... purchase to read more