The Convenience Stores industry sells an extensive selection of products, including chilled food, tobacco, frozen products, toiletries and various other household goods. Industry establishments fall into two categories: non-affiliated independent retailers and symbol group-affiliated franchises. Over the five years through 2015-16 industry revenue is expected to increase at a compound annual rate of 3.2%. Changes in consumers' purchasing habits have laid the foundations for this growth. However, supermarkets are expanding into smaller mini supermarkets, which operate in almost direct competition with convenience stores.
Convenience stores offer a wide variety of goods including tobacco, groceries and magazines. For a convenience store to be defined as such it must satisfy the following criteria: the size of the establishment must be under 3,000 square feet, it must not be subject to restricted opening hours under the Sunday Trading Act and it must not be positioned on a petrol station forecourt or centrally managed by a supermarket chain.
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.