Convenience Stores Market Research Reports, Analysis & Trends
Convenience Stores Current Trends
The convenience stores are also increasingly shifting their product mix to offer more food service items that have higher margins and satisfy demand for quick and easy food options. During the past five years, revenue for the convenience stores industry has since grown at an annualized 1.9% to $40.1 billion value at the end of 2013, indicating the resilience of the industry. And as the economy has started to recover and disposable income levels have risen, the industry revenue is expected to increase 2.8% in 2013, and in the five years leading to 2018, and according to IBISWorld estimation and calculation cigarette unit sales are going to decline further, as health concerns and higher prices deter consumers from smoking cigarettes. Despite declining cigarette sales, smokeless tobacco use is growing and will aid revenue growth in the coming years. While sales of the leading product segment is expected to decline, greater focus on food service, snacks and fresh food will help boost revenue and profitability.
Major Convenience Stores Chains