Convenience retailing has emerged as a major growth area for a large number of retailers in today's retail format, particularly for the grocery industry. C-stores have not only emerged as a dominant segment of the retail industry, but their sales growth has also been regularly surpassing other retail formats' growth rate. According to our research report "U.S. Convenience Stores Market Outlook to 2013", C-store sales will grow at a CAGR of around 7% during 2010-2013, driven by in-store sales particularly food service sales and revitalization in the US economy. Besides, many C-stores have started to pay attention towards food and beverage segment, while developing their private label products and offering new menu to attract more consumers.
We have also found that, low oil prices coupled with store closures have had a negative impact on the industry in 2009. However, at the beginning of 2010, the industry experienced sign of revival with recovery in the US economy. Convenience store in-store sales witnessed positive growth, despite the impact of widespread slowdown throughout the country. Growth in the convenience store in store sales indicates that, the stability remained intact during the worst economic downturn. Food service and cigarettes led the in-store convenience sales in 2009.
According to our study rising consumption pattern, increasing spending habits and prepared food sales will drive the in-store sales during the forecast period. We have also found that other industry verticals will grow simultaneously, for instance, RFID and Security Devices. Besides, the rebound in the sector would increase employment in the coming years. Our research finds that the industry is on the verge of consolidation as many players are ready to expand. Additionally, some big players are entering the convenience channel format, which will intensify the competition in the coming years.
"U.S. Convenience Stores Market Outlook to 2013" provides valuable information regarding the US C-store industry, prevailing trends, and future scope. The report analyzes industry trends and market drivers to assess the industry. The report covers analysis of key players along with their SWOT analysis. Our report presents futuristic scenario of the US convenience store industry, which will prove valuable for clients, while making investment decisions in the industry.
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