Convenience stores have withstood fierce competition by emphasising convenience and value and offering various fresh and healthy products. C-stores have increasingly shifted product mixes to include food-service products that are profitable and have focused more on satisfying demand for quick and easy meal options. A lull in commuting and foot traffic hurt convenience stores in a pandemic-centric world. However, a return to normalcy and new pandemic-fuelled technology, including contactless payment and ordering methods, has strengthened industry performance. Revenue has slid by an annualised 0.1% to $4.9 billion over the five years to 2022-23, including a 1.0% jump in 2022-23.Sliding doors: Recovering employment and eased restrictions are returning foot traffic to stores
Convenience stores sell a range of products including cigarettes, beverages, travel accessories, snack foods, ready-to-eat foods, groceries, beauty products, merchandise, newspapers and magazines. The industry includes corner shops and milk bars and excludes firms that operate primarily as supermarkets; firms that sell specialised foods including fruit, bread and deli goods; and business activities that generate revenue through fuel retailing.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
ABOUT THIS INDUSTRY- Industry Definition
- Main Activities
- Similar Industries
- Additional Resources
INDUSTRY PERFORMANCE
- Executive Summary
- Key External Drivers
- Current Performance
- Industry Outlook
- Industry Life Cycle
- Supply Chain
- Products & Services
- Demand Determinants
- Major Markets
- International Trade
- Business Locations
- Market Share Concentration
- Key Success Factors
- Cost Structure Benchmarks
- Basis of Competition
- Barriers to Entry
- Industry Globalization
OPERATING CONDITIONS
- Capital Intensity
- Technology & Systems
- Revenue Volatility
- Regulation & Policy
- Industry Assistance
- Industry Data
- Annual Change
- Key Ratios
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 7-Eleven Stores Pty Ltd
Methodology
LOADING...