RNCOS Predicts C-store Outlook

The total in-stores sales in the U.S. convenience store market are projected to grow at a compound annual growth rate (CAGR) of around 4% during 2010-2013, according to RNCOS, which specializes in industry intelligence and creative solutions for contemporary business segments.

According RNCOS’ report “U.S. Convenience Stores Market Outlook to 2013”, in-store sales constituted more than quarter share of the convenience store sales in the U.S. during the same period, a trend that is expected to continue in the future.

The U.S. convenience store industry is one of the world’s largest and fastest growing sectors and presents lucrative investment opportunities for new players. The Convenience store segment forms nearly 12% of the U.S. retail industry, experienced significant growth during the past few years. Although the year 2009 was not as fruitful as 2008, convenience store in-store sales grew during the same period.

Growth in the convenience store in store sales indicates that stability remained intact during the worst economic downturn. Rising consumption pattern, increasing spending habits, and prepared food are expected to drive in-store sales during the forecast period along with the economic rebound, convenience for shopping at c-stores and the busy life style of the Americans, RNCOS noted.

“U.S. Convenience Stores Market Outlook to 2013” provides conceptual analysis and extensive research on the U.S. convenience store industry. It facilitates quantitative as well as qualitative trend analysis of the past and current industry scenarios and provides a clear future direction, in which, the industry is likely to proceed. The report also covers information regarding leading industry players to provide a complete analysis of the competitive landscape.

The study provides an insight into the market by number of convenience stores, by regional analysis and by sales. Moreover, it has discussed single and chain stores in operation, closed stores, growth and sales analysis—in terms of company, and convenience store employment.

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