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Convenience Stores in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Convenience Stores Market Research Report | NAICS 44512 | Jun 2016

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

The Convenience Stores market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$27bn
Annual Growth 11-16
1.0%
Annual Growth 16-21
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Profit
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Employment
143,222
Businesses
40,906
Industry Analysis & Industry Trends

Convenience stores have grown in popularity over the current five-year period, 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 next five years, increasing demand for convenience, improving per capita disposable income and industry consolidation are expected to boost sales and lower costs... purchase to read more

Industry Report - Industry Investment Chapter

The Convenience Store industry exhibits a low-to-moderate level of capital intensity. Using wages as a proxy for labor and depreciation as a proxy for capital, IBISWorld estimates that, in 2016, for every dollar spent on labor in the industry, $0.11 will be spent on capital. This figure has remained relatively constant since 2011. Over the past five years, the industry's level of capital expenditure has fluctuated due to slight fluctuations in wage costs. A decline in industry employment resulted in wages as a share of revenue to continue its steady decline over the early half of the five-year period... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Convenience Stores 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) and small kiosks.

Industry Products
Tobacco productsFood servicePackaged beveragesCandy and snacksBeer
 
Industry Activities
Retailing a limited line of goods with an emphasis on basic food, beverages and tobacco products


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