Convenience Stores & Truck Stops

First Research, Inc.
February 2, 2015
10 Pages - SKU: FRRS5461426
Countries covered: United States

Convenience Stores & Truck Stops

Brief Excerpt from Industry Overview Chapter:

Companies in this industry operate retail locations that primarily sell fuel, groceries, cigarettes, and alcoholic beverages. Major US companies include 7-Eleven (the North American subsidiary of Seven-Eleven Japan); Circle K (a division of Canada-based Couche-Tard); Love's; and Wawa.

The global convenience store (c-store) industry is growing rapidly, particularly in Japan, China, and emerging markets in Southeast Asia. Major global players include Seven-Eleven Japan, with about 54,000 owned and licensed 7-Eleven c-stores in about 15 countries in Asia, Europe, and North America, and Couche-Tard. With more than 13,000 c-stores, Couche-Tard is the market leader in Canada and the US (by store count). The company also has stores in Scandinavia, Poland, the Baltic countries, and Russia. Couche-Tard's Circle K banner operates under license in about a dozen more countries in areas such as the Asia/Pacific region, Latin America, and the Middle East.

The US c-store and truck stop industry includes about 125,000 stores with combined annual revenue of about $450 billion. The industry includes establishments that are gas station/c-store combinations, as well as c-stores that don't sell fuel. Gas stations that don't include c-stores are covered in a separate industry profile.

COMPETITIVE LANDSCAPE

Consumer and commercial driving trends drive demand. The profitability of individual stores depends on competitive pricing, effective merchandising, and the ability to secure high-traffic locations. Large companies have advantages in purchasing and finance. Small companies can compete effectively by acquiring superior locations or offering specialized merchandise or services....



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