For your convenience: Operators have altered product mixes and store formats, increasing demand

Operators in the Convenience Stores industry in Massachusetts primarily retail items such as tobacco, beverages, household products and a limited amount of groceries in convenient locations that are typically open over extended hours. Competition has increased over five years to 2018 thanks to numerous external competitors; however, operators have deftly adapted by altering product mixes and store formats to reflect the changing business environments in their respective communities. In this way, several industry operators have spurred demand by offering an increasing variety of fresh and healthy products, as well as convenience. Over the five years to 2018, industry revenue is expected to increase at an annualized rate of 1.4%. In 2018, industry revenue is expected to reach $1.2...purchase to read more.

Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 13-18
1.4%
Forecast Growth 18-23
Profit
Employment
6,806
Businesses
2,162

Industry Threats & Opportunities

  • Consumers are now increasingly time-poor, and therefore willing to spend more money for sundries at industry establishments
  • Industry Report - Industry Locations Chapter

    As a service-based retail industry, operators in the convenience stores industry are dispersed largely in line with population and income distribution. The industry is concentrated in the North Shore (32.6% of industry establishments), Greater Boston (27.1%), Southern (14.8%), Western (11.0%) and Central (10.9%) regions, mainly due to population distribution and size. The Boston-Cambridge metropolitan area accounts for 70.1% of establishments alone, as well as 72.7% of all industry employees. Most of these regions have a large number of relatively small establishments in terms of employment and revenue. Licensing restrictions in some regions also have an effect on this industry's operations and location...purchase to read more.

    Additional Insights for the Convenience Stores in Massachusetts Industry

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

  • Proximity to key markets
  • Ability to control stock on hand
  • Attractive product presentation
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income in Massachusetts and Percentage of smokers in the Convenience Stores in Massachusetts industry impact industry performance..

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    What's in this report

    What is the Convenience Stores in Massachusetts 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 (44711), grocery stores (44511) and small kiosks.

    Industry Products
  • Groceries and other fooditems for off-premises consumption
  • Packaged liquor, wine, and beer
  • Tobacco products
  • Household products
  • Food service
  • 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
  • Per capita disposable income in Massachusetts
  • Percentage of smokers
  • Agricultural price index
  • Healthy eating index

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Convenience Stores in Massachusetts 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
  • Groceries and other fooditems for off-premises consumption
  • Tobacco products
  • Food service
  • Packaged liquor, wine, and beer
  • Household products
  • Other
  • Chart: Convenience Stores in Massachusetts Industry Products and Services Segmentation

  • Major Markets
  • Consumers aged 45 to 54 years
  • Consumers aged 25 to 34 years
  • Consumers aged 35 to 44 years
  • Consumers aged 55 to 64 years
  • Consumers aged 65 years and older
  • Consumers aged under 25 years
  • Private sector
  • Chart: Major Market Segmentation for the Convenience Stores in Massachusetts Industry

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

  • Basis of Competition
    Barriers to Entry
    7-Eleven Inc., Alimentation Couche-Tard Inc.,
  • Table: 7-Eleven Inc. - financial performance
  • Table: Alimentation Couche-Tard Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Convenience Stores in Massachusetts 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 Massachusetts Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Per capita disposable income in Massachusetts (2009-2023)

  • 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.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Convenience Stores in Massachusetts Industry Research Report contains up-to-date data and analysis, allowing you to identify the strengths and potential weaknesses of major companies in the industry. Build your credibility with clients and prospects by sharing insights into the current and emerging trends driving their industry. Our market research gives you the tools to win new business and keep existing clients.

    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 Massachusetts:
    • 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 Massachusetts 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 Massachusetts, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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