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DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c23635) announced the release of the "State of the U.S. Convenience Store Industry -- A Market Analysis (2005)" to its offering.
The report shows the c-stores in America moving towards high-end technology systems to ensure better customer service and efficient security checks. Consequently, the market for c-stores in United States reportedly witnessed a rise in the number of stores by 5.82 percent in 2004-05, totaling 138,205 stores across the country, the report stated.
Additionally, the report provides a detailed study on the recent economic and technological trends; changes in consumers' preferences; and analysis of sales volume and government policies, ensuring better prospects for the U.S. convenience store industry in the coming years.
Study of industry sources revealed 2004-05 has proved to be a profitable year for the industry, surging a stupendous growth of near about 17.1 percent and registering a record sales of $394.7 billion, according to the report.
Furthermore, the introduction of ATM services and advances in security deliveries lured a large number of customers to shop from convenience stores compared to supermarkets and hypermarkets.
With significant scale advantages, economies favor large chain operators in c-stores industry to introduce newer and innovative product-lines that have skyrocketed the profit margin to 23.5 percent, reaching $4.99 billion in 2004-05. The publicly traded convenience stores have outperformed many S&P 500 composite (Standard & Poor's 500 Composite Stock Price Index) and the S&P 500 retail indexes in United States for the past four years.
Convenience stores are major contributors to America's economy, as well as to Americans' standard of living and quality of life. The new market research report highlights the key statistics on industry revenue, industry product sales, employment, establishments, domestic demand, and total wages. It also provides a snapshot of the main products and services offered by this industry and throws light on the factors that have a major influence on the industry.