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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 | Mar 2017

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

IBISWorld’s Convenience Stores market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$27bn
Annual Growth 12-17
0.3%
Annual Growth 17-22
Annual Growth
Profit
Profit
Employment
143,763
Businesses
42,032
Industry Threats & Opportunities
  • Despite falling cigarette sales, greater focus on convenience and fresh food will help boost industry revenue and profitability
  • Acquisitions have helped major operators reduce costs and enter new regions with relative ease
  • Competition between supermarkets and convenience stores will be primarily price-based
  • ... purchase to read more

Industry Analysis & Industry Trends

To combat recent competition, the Convenience Stores industry has offered convenience, value and a variety of fresh and healthful products. The small size and accessibility of convenience stores enable operators to adapt to changing environments and consumer preferences, making them more resilient than supermarkets and other food retailers. However, high competition has negatively affected profit margins, despite consolidation and the sale of higher-margin goods. As the economy recovers and disposable income levels rise, consumers are expected to turn to the convenience of industry establishments. Cigarette unit sales are expected to decline further, as health concerns and higher prices deter consumers from smoking... ... 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 2017, 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. How.. ... purchase to read more

Additional Insights for the Convenience Stores Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Convenience Stores 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 and Percentage of smokers in the Convenience Stores industry impact industry performance... purchase to read more

     


    Industry ProductsRelated Reports

    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 (44711), grocery stores (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


    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Per capita disposable income
  • Percentage of smokers
  • Agricultural price index
  • Healthy eating index
  • Current Performance
  • Demand syncopates
  • Changing landscape
  • Stunted profit
  • Chart: Revenue Growth
  • Industry Outlook
  • Continuing competition
  • Declining sales
  • Boosting profit
  • Table: Convenience Stores Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Convenience Stores Industry Lifecycle vs The Economy
  • Products & Markets
    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
  • Tobacco products
  • Food service
  • Packaged beverages
  • Other
  • Candy and snacks
  • Beer
  • Chart: Convenience Stores Industry Products and Services Segmentation
  • Demand Determinants
  • Convenience
  • Product mix
  • Cigarette use
  • Major Markets
  • Consumers aged between 45 and 64
  • Consumers aged between 25 and 44
  • Consumers under age 25
  • Consumers aged 65 and older
  • Other
  • Chart: Major Market Segmentation for the Convenience Stores Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Convenience Stores
  • Basis of Competition
  • Internal competition
  • External competition
  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Convenience Stores Industry
  • Industry Globalization
    Major Companies
    7-Eleven Inc.
  • Table: 7-Eleven Inc. - financial performance
  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Convenience Stores Industry
  • Chart: Tools of the Trade: Growth Strategies for Success
  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth
  • Regulation & Policy
    Industry Assistance
    Key Statistics
  • Table: Industry Data for the Convenience Stores Industry
  • Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Consumer spending (2008-2022)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Table: Industry Financial Ratios
  • Jargon & Glossary
    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?
    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:
    • 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 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 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, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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