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 - Industry Products Chapter
Convenience stores primarily serve as a source for fill-in items to supplement total food store purchases. Therefore, having the right mix of a limited product selection is critical to convenience stores' success.
Convenience store companies are trying to reduce their dependency on tobacco products due to threats of government regulation and taxation, in addition to escalating consumer health concerns. The industry is still heavily reliant on tobacco sales, however, as this segment is expected to generate 29.1% of revenue in 2016. Sales from this product segment have remained steady but have declined as a portion of industry revenue over the past five years... purchase to read more