Industry Analysis & Industry Trends
The Convenience Stores industry sells an extensive selection of products, including chilled food, tobacco, frozen products, toiletries and various other household goods. Industry establishments fall into two categories: non-affiliated independent retailers and symbol group-affiliated franchises. Over the five years through 2016-17, industry revenue is expected to increase at a compound annual rate of 2.8%. Changes in consumers’ purchasing habits, particularly in terms of top-up shopping, have laid the foundations for this growth. However, supermarkets have begun opening smaller mini supermarkets, which operate in almost direct competition with convenience stores... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Convenience Stores industry is in the mature stage of its life cycle. However, industry value added (IVA), which measures the industry's contribution to GDP, is forecast to perform slightly weaker than the wider economy. Over the 10 years through 2021-22, IVA is expected to increase at a compound annual rate of 1.2% while GDP is forecast to grow at a compound annual rate of 2.3% over the same period.
In line with an industry approaching saturation, operators are increasingly competing on price, with many becoming members of symbol groups to increase buying power. The decline in independent retailers coincides with a rise in competition from external operators. In .. purchase to read more