Market statistics reveal that the number of Convenience Stores in US has risen by a decent figure in 2007. RNCOS released a report named “U.S. Convenience Stores: A Market Analysis” that provides extensive research and rational analysis on the proliferating market of convenience stores in United States. This report helps clients to analyze the opportunities and factors critical to the success of the convenience stores market in US.
This report reviews the stores and industry practices across the globe in general and in US in particular. It provides an insight into how convenience business is shaping up to address the gamut of issues raised by this new standard-bearer of world retail.
In recent years, with convenience stores operators initiated on strategic moves to improve operations, enhance performance and differentiate from the competitor to position themselves—the changing nature of convenience retailing and the margin pressures brought on by encroaching competitive formats is driving c-store industry consolidation.
Key Issues and Facts Analyzed
· What is the market size of the US retail store industry?
· How is the convenience stores growth state-wise?
· What are the factors driving growth in this sector?
· What are the technologies that can help convenience store markets to improve their operations?
· How these technologies are increasing operational efficiency in this industry?
· Who are the major players of US Convenience Industry, their presence and strategies being used by them to improve profitability?
· C-store unit growth continues to outpace US’ population growth as average person per store has declined by 0.72% in the year 2005 in comparison to 2004.
· California provides a big opportunity market for the C-stores to grow. California is, by far, the largest US state with a population of 36.13 Million in 2005 and accounts for the second highest number of C-stores in US.
· Convenience stores sell three-quarters of all the gasoline purchased in the United States through Convenience stores.
· As the gasoline prices are increasing day-by-day, two states, New Jersey (30.1%), and
· Oregon (51.7 %), had shown the lowest fuel sales in the year 2005.
· Gasoline theft is a major problem for retailers in US. It is estimated that on an average, one in every 1,100 fill-ups gasoline was theft in 2005.
· Credit card fees in 2005 constituted more than 90% of a store's profits; totaling to US$ 38,383 per store, and it is expected to grow in the coming years.
This section covers the key facts about major players currently operating in the C-store industry, such as 7-Eleven Inc., Kroger, Koninklijke Ahold N.V, Shell Oil Products US, Exxonmobil Corporation, Alimentation Couche-Tard Inc. and Sunoco, Inc.
Research Methodology Used
Information has been sourced from books, newspapers, trade journals, and white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to access to more than 3000 paid databases.
Ratio Analysis, Historical Trend Analysis, Linear Regression Analysis using software tools, Judgmental Forecasting and Cause and Effect Analysis are the methods used to analyze the facts and figures given in this report.
RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of industry experts who analyze data collected from credible sources. They provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.