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INDIA -- Growth in the convenience store industry will continue through 2013 at a CAGR of approximately 7.6 percent, market research consultant RNCOS reported.
The convenience store industry, which currently forms nearly 12 percent of the U.S. retail industry, has seen several years of growth, with the number of individual convenience stores expected to increase as well. RNCOS’s report found sales for private label products grow faster at convenience stores versus other channels, rising by approximately 20 percent from 2007 to 2008 to $826 million. Online retailing, RFID and security devices usage, credit card charges and prepared food selling were also listed as positive sales factors.
The report, titled "U.S. Convenience Stores Market Outlook to 2013," provided analysis of the convenience store segment of the retail industry, its current market trends and its key industry drivers, as well as detailed focus on important developments and the state of the industry in key regions of the country.
A free sample of the report is available at RNCOS’s Web site.