Added convenience: Changing product mixes and higher incomes will boost demand

Over the five years to 2017, the Convenience Stores industry in California has exhibited steady growth, largely due to increasing consumer spending and a growing consumer population. In light of declining tobacco product sales, industry operators in California have been adapting to dynamic consumer preferences by increasing sales of healthy food options and grab-and-go food products, which has helped foster growth. Over the next five years, the industry is forecast to continue growing, albeit at a slower rate. Further declines in sales of tobacco products, as well as increased wage cost mandated by minimum wage legislation, are expected to somewhat restrain revenue growth moving forward...read more.

Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 12-17
1.0%
Forecast Growth 17-22
Profit
Employment
18,725
Businesses
3,923
What Our Customers Say

Industry Threats & Opportunities

  • Operators in California have been adapting to dynamic consumer preferences by increasing sales of healthy food
  • The vast majority of convenience stores are single-store operators
  • Demand for quick and convenient goods will remain strong, thereby underpinning industry growth
  • Industry Report - Industry Locations Chapter

    The locations for convenience stores in California is strongly related to the state's concentration of population and businesses activity. Los Angeles County accounts for the largest number of convenience stores, with an estimated 24.3% of total industry establishments. Since Los Angeles is home to the highest number of people, it houses the largest market for industry players. Furthermore, there are two large ports within Los Angeles County that provide many convenience stores access to imported goods that may otherwise be too expensive.The San Francisco Bay Area, San Joaquin Valley and San Diego Area account for an estimated 17.5%, 13.0% and 11.5% of industry establishments in the industry, respectively. The...purchase to read more.

    Additional Insights for the Convenience Stores in California Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Convenience Stores in California Industry are

  • Proximity to key markets
  • Ability to control stock on hand
  • Attractive product presentation
  • IBISWorld analysts also discuss how external factors such as Consumer Spending in California and Number of Adults Aged 20 to 64 in California in the Convenience Stores in California industry impact industry performance..

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    What is the Convenience Stores in California 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), pharmacies (IBISWorld report 44611), liquor stores (IBISWorld report 44531) and small kiosks.

    Industry Products
  • Tobacco Products
  • Alcoholic Beverages
  • Packaged Beverages
  • Food Service
  • Candy and Snacks
  • Industry Activities
  • Retailing a limited line of goods with an emphasis on basic food, beverages and tobacco products
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Consumer Spending in California
  • Number of Adults Aged 20 to 64 in California
  • Healthy eating index
  • Percentage of smokers

  • Current Performance
  • Growing demand
  • Stiff competition
  • Industry advancements
  • Chart: Revenue Growth

  • Industry Outlook
  • Shifting competition
  • Healthier consumers
  • Table: Convenience Stores in California Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Convenience Stores in California Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Beer Wholesaling
  • Cigarette & Tobacco Products Wholesaling
  • Confectionery Wholesaling
  • Dairy Wholesaling
  • Frozen Food Wholesaling
  • Grocery Wholesaling
  • Soft Drink, Baked Goods & Other Grocery Wholesaling

  • Products & Services
  • Food Service
  • Alcoholic Beverages
  • Tobacco Products
  • Packaged Beverages
  • Other
  • Candy and Snacks
  • Chart: Convenience Stores in California Industry Products and Services Segmentation

  • Major Markets
  • Consumers aged between 25 and 44
  • Consumers aged between 45 and 64
  • Consumers under age 25
  • Consumers aged 65 and older
  • Other
  • Chart: Major Market Segmentation for the Convenience Stores in California Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther
  • Chart: Cost Structure Benchmarking – Sector vs Convenience Stores in California

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Convenience Stores in California Industry

  • 7-Eleven Inc.Circle KMission MarketQuik Stop Markets Inc.
  • Table: 7-Eleven Inc. - financial performance
  • Table: Circle K - financial performance
  • Table: Mission Market - financial performance
  • Table: Quik Stop Markets Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Convenience Stores in California Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Convenience Stores in California Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Consumer Spending in California (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Interchange Fee
  • A fee that banks and credit card companies charge convenience store owners when consumers use credit and debit cards for purchases.
  • Metro Store
  • A scaled-down version of a supermarket that often has the qualities of a convenience store with lower prices.
  • Point-Of-Sale (Pos)
  • A system of computers and cash registers used at checkout in retail stores to capture transaction data at the time and place of sale.
  • Why buy this report?

    The Convenience Stores in California industry market report contains data and analysis of the most influential current and future trends shaping the industry. IBISWorld’s in-depth industry market research is presented in a logical, user-friendly format, and provides growth and profit forecasts for a five-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Convenience Stores in California:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Convenience Stores in California market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Convenience Stores in California, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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