Convenience Stores in the US
Over the five years to 2019, the Convenience Stores industry has withstood fierce competition by offering convenience, value and a variety of fresh and healthy 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. Many consumers have become increasingly pressed for time as they returned to work during the period. Consequently, the quick speed of transactions at convenience stores has proved to be valuable to busy individuals. As the economy recovers and disposable income levels rise, consumers are expected to turn to the convenience of industry establishments.
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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