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Thriving convenience stores east up consumers for supermarket chains
Added: (Fri Sep 09 2005)
The recent changes in retail technology have propelled a large number of big c-store retailers, in the US, to introduce innovative product-lines. The U.S. Convenience Stores Industry proudly stands as the economic powerhouse with the official industry records showing an increase in the number of convenience store outlets.
The convenience stores with approximately 2000 regular visitors per day, have reached 138,205 in 2005. The increase is largely due to better visibility and application of retail technology by top brands.
Although, the record hike in gasoline prices has earned grouses from the customer groups, competition has gone up for upscale gourmet market and value added services largely focusing on the availability of organic health products on-shelf, to equalize the losses incurred by many operators. More single store chains, small, independent operators are witnessing a large number of retail chain owners ready to enter in alliances to operate as a one-store business or franchise.
The market research report, “State of the U.S. Convenience Store Industry — A Market Analysis (2005)”, highlights the key statistics on industry revenue, industry product sales, employment, establishments, domestic demand, and total wages. The report provides a snapshot of the main products and services offered by this industry. And throws light on the factors that have a major influence on the industry.
A copy of the report, “State of the U.S. Convenience Store Industry — A Market Analysis (2005)”, can be purchased from RNCOS’s website www.rncos.com or email us at info@nrcos.com