NewswireToday - /newswire/ -
Noida, Uttar Pradesh, India, 2011/07/01 - Increasing consumer appetite for convenient shopping will drive the US c-store sales to grow around 11% CAGR during 2011-2014, RNCOS acknowledged.
The US convenience stores industry is one of the world’s largest and fastest growing sectors that present lucrative investment opportunities for both new as well as existing players. Despite economic slowdown and financial crisis, the country has showed a splendid performance and the number of convenience stores rose during the past few years. C-stores have been greatly benefited from the growth of the overall retail industry and continuous surge in oil prices. Besides, increasing consumer appetite for convenient shopping and soaring sales of low priced non-traditional products have had positive impact on the US c-stores industry, says our new research report “U.S. Convenience Stores Market Outlook to 2013”. Moreover, it is expected that the overall sales of convenience store industry is further anticipated to grow at a CAGR of around 11% during 2011-2014, to reach around US$ 856 Billion by 2014 end.
Ongoing research found that, the single store business dominates the US c-store industry. The number of single stores has been increasing at a rapid pace. Besides, majority of the stores selling motor fuels are "branded" outlets, which sell specific major oil company's brand of fuel.
The report outlines that, one of the recent trends being observed in the retail market is the launch of private label products in convenience stores. Retailers are heavily investing in developing high quality private-label foods and beverages, particularly in center store, with equally high quality packaging and marketing plans. Consumer response has been overwhelmingly positive for private- label purchasing in American households.
Further, our report reveals that, the market will witness a dramatic change in the competitive landscape during the next few years. A large number of companies will foray into the lucrative US c-store with their diversified product portfolio. This will lead the incumbent players to invest heavily in establishing their stores across different states of the country.
The latest industry research titled “U.S. Convenience Stores Market Outlook to 2013” by RNCOS, provides extensive research and in-depth analysis of the US c-store market. The report measures industry structure and competitive landscape along with the recent market developments. A brief overview of consumer behavior in the country has also been presented. Future growth areas, evaluated in the research report, will help clients in aligning their business strategies as per the changing market dynamics in the region.
RNCOS (rncos.com) specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.