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 Products Chapter
Tobacco products include cigarettes, cigars, rolling tobacco and related paraphernalia. IBISWorld estimates that 20.1% of industry revenue comes from sales of tobacco products. However, as smoking rates decline and taxation on tobacco products increases, this product segment is likely to generate progressively less operating profit for operators. Despite this, tobacco is expected to remain an important way of maintaining footfall, which helps to contribute towards impulse purchases.
Chilled food is estimated to generate 13% of industry revenue. Chilled food includes products such as ready meals, cheese, yoghurt and cured and processed meat. Con.. purchase to read more