Convenience stores have operated in a rapidly changing environment, with industry sales expected to rise by an annualised 0.8% in the five years through 2012-13. While time-poor, cash-rich consumers were the driving force behind industry sales growth, the trading landscape was affected by a downturn in domestic conditions due to the global financial crisis. Falling consumer sentiment, fluctuating income growth and continued competition from small-format grocery stores and supermarkets also posed their own challenges for industry operators.
Convenience stores sell a range of products including cigarettes, beverages, confectionery, snack foods, ready-to-eat foods, communication goods, magazines, newspapers and general merchandise. This includes milk bars and corner stores, and excludes businesses that primarily operate as supermarkets, sell specialised foods (fruit, bread, deli goods) or generate the majority of their sales via petrol retailing.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.