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Convenience Stores in Canada: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Convenience Stores in Canada Market Research Report | NAICS 44512CA | Jul 2016

Minor inconvenience: The industry will lose customers to lower-price competitors

IBISWorld’s Convenience Stores market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$7bn
Annual Growth 11-16
0.4%
Annual Growth 16-21
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Profit
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Employment
48,103
Businesses
12,998
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

 


Industry ProductsRelated ReportsTable of Contents

What is the Convenience Stores Industry?

This industry consists of retail businesses that primarily sell basic food, beverage and tobacco merchandise in convenient locations during extended hours of operation. This report excludes gas stations, gas stations with convenience stores, grocery stores and small kiosks. See IBISWorld report 44711CA for information on gas stations with convenience stores and IBISWorld report 44719 for information on standalone gas stations.

Industry Products
Tobacco productsFood serviceBeveragesCandy and snacksLiquor, drugs and other itemsOther products
 
Industry Activities
Retailing tobacco and tobacco productsRetailing dispensed and bottled beveragesRetailing prepared foodRetailing food prepared onsite for immediate consumptionRetailing OTC medication and other sundries


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