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