Convenience Stores in the US
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. Despite declining cigarette sales, smokeless tobacco use is growing and will aid revenue growth in the coming years.
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.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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