RNCOS, a leading industry research firm for major industry sectors, has recently launched a new report "U.S. Convenience Stores Market Outlook to 2013", which states that despite the economic slowdown faced by the country, the convenience store industry is expected to grow at a CAGR of around 5% during the forecast period (2009-2013).
As per the research report, the overall US retail industry recorded the biggest sales decline since the second half of 2008 and the situation got further worsened by low consumer confidence on account of global financial meltdown. While the overall convenience stores sales in the US posted an impressive growth of around 8% in 2008, the in-store sales registered a growth of around 3% over the same period.
Busy lifestyle of the Americans is the major driving force behind the growth of US convenience store industry. Convenience stores provide convenience in shopping as well as save time, so people don't hesitate to pay a little bit extra while shopping at these stores. Particularly, the increasing popularity of food-to-go, takeaways, snacks and ready-to-eat meals presents a major opportunity for the future growth of the industry. Thus, convenience stores have benefited a lot from changing consumers habits of shopping, eating and drinking while on the way. It is expected that the working population in the US will reach 153 Million by 2012, leading to an increased demand for convenience stores.
"U.S. Convenience Stores Market Outlook to 2013" contains an extensive research and in-depth analysis of the convenience store industry in the US. The report gives an overview of the convenience store industry and studies the market trends to help clients analyze the leading-edge opportunities in the US convenience store industry. Detailed data and analysis help investors and global retailers to navigate through the emerging trends in the convenience stores industry of the country.
The report supplements the past and current information on the US convenience store industry, with forecast on various important industry aspects, including the market size of convenience store industry, in-store sales, retail industry, working population in the US, middle class population, breakup of population, personal disposable income & GDP per head, and the number of Internet users.
For more information visit: http://www.rncos.com/Report/IM184.htm |
