Convenience Stores in New York
Operators in the Convenience Stores industry in New York primarily retail items such as tobacco, beverages, household products and a limited amount of groceries in convenient locations that are typically open over extended hours. With the relative size and accessibility of convenience stores, operators have deftly adapted by altering product mixes and store formats to reflect the changing business environments in their respective communities. In this way, several industry operators have spurred demand by offering an increasing variety of fresh and healthy products, as well as convenience. Industry revenue is expected to grow over the five years to 2022, however competition from larger retailers and online services that are able to maintain lower costs is expected to force industry operators to continue altering product mixes and advance their food options at a faster rate to remain competitive.
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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