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DELHI, India -- The overall convenience store industry in the U.S. will cross the $800 billion mark by 2013, according to recent report launched by RNCOS, leading industry research firm for major industry sectors based here.
The report, "U.S. Convenience Stores Market Outlook to 2013," states despite the economic slowdown faced in the U.S., the convenience store industry is expected to grow at a compound annual growth rate (CAGR) of approximately 5 percent during the forecast period of 2009-2013.
While the overall convenience stores sales in the U.S. posted an impressive growth of around 8 percent in 2008, the in-store sales registered a growth of roughly 3 percent over the same period, according to the report.
The increasing popularity of food-to-go, takeaways, snacks and ready-to-eat meals presents a major opportunity for the future growth of the industry. Convenience stores have benefited a lot from changing consumers habits of shopping, eating and drinking while on the go, and it is expected that the working population in the U.S. will reach 153 million by 2012, leading to an increased demand for convenience stores, the report stated.
"U.S. Convenience Stores Market Outlook to 2013" gives an overview of the convenience store industry and studies the market trends to help clients analyze the leading-edge opportunities in the U.S. convenience store industry.
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