US Convenience Store Market to Witness Strong Growth
Due to factors, like strong demand for prepared foods and good economic growth, the US convenience store market will grow at the CAGR of 7.6% during 2011-2013, RNCOS identified.
- (1888PressRelease) March 08, 2011 - According to our new research report "U.S. Convenience Stores Market Outlook to 2013", the US convenience store segment that forms nearly 12% of the retail industry has been growing at a fast pace during the past few years. Due to the strong demand for prepared food coupled with economic recovery and rising employment, the total c-store sales is expected to grow at a CAGR of around 7.6% during the forecast period (2011-2013). The overall number of c-stores touched the mark of 1,44,541 in 2009 and is further likely to grow strong in future as well.
Our report has found that, the sales for private label products are growing much faster at convenience stores compared to other store formats. They represent immense growth opportunities for the convenience channel. The private label products sales at convenience stores rose by around 20% in 2008 to reach US$ 826 Million over 2007. Other market trends, such as online retailing, RFID & security devices usage, credit card charges, and prepared food selling are also positively impacting the US convenience store market and may boost revenue patterns.
The report "U.S. Convenience Stores Market Outlook to 2013" explains the key industry drivers that have been affecting market growth. The report analyzes the overall retail industry and effectively describes the share of convenience store market. Moreover, the report provides an in-depth research on the current state of convenience store sector in key regions of the country and illustrates the important developments.
The report is an outcome of an extensive research and prudent analysis of the US convenience store market. It describes the various current market trends and illustrates their impact on the future scenario of industry. The report also covers and describes key market players, their company briefings, and SWOT analysis, which in turn, will enhance the knowledge portfolio of clients.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM184.htm
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RNCOS 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.
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