PRZOOM - /newswire/ -
London, United Kingdom, 2008/04/02 - Report Buyer has added a new report which finds that California provides a big opportunity market for convenience stores, which are gaining in reach in the U.S.
Report Buyer, the online destination for business intelligence for major industry sectors, has added a new report which finds that California provides a big opportunity market for convenience stores, which are gaining in reach in the U.S.
The report, "U.S. Convenience Stores - A Market Analysis", finds that California accounts for the second highest number of convenience stores in the country. It is, by far, the largest US state with a population of 36.46 million in 2006.
Authors of the report say that as retail sales in the US are increasing year on year, so are the sales through C-stores. In 2006, the C-store sales constituted around 13% of the total retail sales and this share is expected to rise in future. They include motor fuel sales and in-store sales in the total c-store sales in the US.
The study expects that the sales through C-stores will constitute around 17% of the total retail industry of the country in 2008. It highlights that there is a clear opportunity for the C-store format which requires an area of more than 10,000 sq. ft in the country. It also states that the changing nature of convenience retailing and the margin pressures brought on by encroaching competitive formats is driving c-store industry consolidation.
Analysts in the industry say that the southern US states continue to dominate C-stores industry and 81340 C-stores in this region accounted for around 49% of the total US C-stores in 2006. They point out that recently, C-store operators have started to make strategic moves to improve operations, and position themselves.
The study outlines the expanding reach of convenience stores in the US. It analyses the proliferating market of C-stores in the country and helps clients to analyse the opportunities and factors critical to the success of the C-store market in the US.
"U.S. Convenience Stores - A Market Analysis" is available from Report Buyer. For more information, see website.
Report Buyer product ID: RCS00091
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