C-Store Industry To Reach $856.5 Billion By 2014

CSD Staff
Apr 11, 2012

New report shows c-stores have greatly benefited from the growth of the overall retail industry.

Research and Markets has announced the addition of the “US Convenience Stores Forecast to 2014″ report to its offering.

The U.S. convenience stores industry, one of the world’s largest and fastest growing sectors, presents lucrative investment opportunities for new players.

Despite economic slowdown and financial crisis, the industry has showed a splendid performance in the past few years, with the number of convenience stores continuously rising.

C-stores have greatly benefited from the growth of the overall retail industry. The report found consumers’ increasing appetite for convenient shopping and soaring sales of low-priced non-traditional products have had a positive impact on the U.S. c-stores market, which is anticipated to expand at a CAGR of around 11% during 2011-2014 to reach around $856.5 billion.

The report noted the U.S. has a huge growth potential for the c-store industry as the rise in retail sales and large consumer base have given a significant boost to this sector, and the trend is expected to continue in future. Further, it is expected that the U.S. working population will climb to the level of 211.9 million by 2014-end, and this busy lifestyle of people will drive the country’s c-store market.

In the U.S., the total c-store sales include motor fuel sales and in-store sales. It was found that the motor fuel sales held a major share in the total c-store sales during 2011. The industry is dominated by single store business, and at the state level, Texas, California, Florida and New York accounted for the majority of the total convenience stores’ count during the same period. The U.S. c-store market is moving towards consolidation.