RNCOS, a leading market research firm, has recently released a report "U.S. Convenience Stores Market Outlook to 2013" which states that the US retail industry has been experiencing rapid expansion in the c-store segment for last few years. Despite the economic slow down, the overall c-store industry sales registered a growth of around 8% in 2008 over the previous year (2007).
According to the report, various critical aspects of the industry have safeguarded it from recession generated severe dents. Pretax profitability of the industry remained intact in 2008 and reached US$ 5.2 Billion, showing an increase of 54.2% from 2007. However, 2009 saw a slight shortfall in overall revenue generation, but we expect a recovery from 2010 onwards owing to some concrete industry developments discussed thoroughly in the report.
While the overall revenue generation witnessed slump in 2009, the trend of in-store sales is quite encouraging with single store formats (57%) dominate the overall sales figures. We further anticipate that this trend will remain intact during our forecast period (2010-2013) and the in-store sales growth will outpace the country's overall retail sales growth.
Moreover, some macroeconomic factors are also supporting convenience stores future growth outlook in the US. According to a Senior Research Analyst at RNCOS, "Population in the age group of 15-64 years, favorable for the growth of c-stores, has substantially gone up since 2001, constituting 67.1% of the total population in 2009. This population breakup is vital for the growth of c-stores (or retail industry) because it consists of working population and youth, who are the largest spenders".
"U.S. Convenience Stores Market Outlook to 2013" is an outcome of extensive research and conceptual analysis of convenience store industry in the US. The report provides result oriented evaluation of present and future industry trends at the country and regional level. It contains thorough study of both macro and micro economic factors supporting the industry growth. The report also contains data, statistics and rational analysis of following industry aspects - Motor Fuel Sales, In-store Sales, Single & Chain Stores in operation, Closed Stores and Convenience Store Employment.
The key players segment includes study of leading convenience stores chains to help clients understand their operation system and marketing strategies.
For more information visit: http://www.rncos.com/Report/IM184.htm |
