Industry Analysis & Industry Trends
The Convenience Stores has struggled to overcome slow demand over the past five years. While per capita disposable income has improved and the national unemployment rate has continued to drop, consumers have remained wary of spending money at convenience stores because they typically carry higher markups than competing grocery or mass merchandise stores. While the economy is expected to improve over the next five years and provide a boost to the industry, increased regulation, competition and continued acquisition activity will limit growth... purchase to read more
Industry Report - Starting a New Business Chapter
Barriers to entry in this industry have traditionally been fairly low, but they are increasing with the trend toward consolidation that has been creating larger players with deep resources. The low level of differentiation of products retailed in this industry and minimal customer loyalty are conducive to the entry of new players. Moreover, costs are not prohibitive for smaller players and the industry is not highly labour intensive. Overall, there is a strong likelihood of new companies entering the industry.
However, market saturation is driving consolidation; the breadth of locations covered by current operators means that most markets already have numerous stores to choose from... purchase to read more