PROSPECTS AND OPPORTUNITIES
Rise of e-commerce set to pose threat to convenience stores
The outlook for convenience retailers is fairly positive, with value sales (at constant 2024 prices) set to record stable growth over the forecast period. However, much of this will be driven by the dominant forecourt retailers, with convenience stores comprising low share in terms of value and outlet count in Australia.
7-Eleven announces business strategy to double it footprint as it looks to drive growth in Australia
7-Eleven is among the leading chains within convenience retailers in Australia, both in terms of value sales and store count, with the latter continuing to rise at the end of the review period. To drive the business forward, the brand has announced that it plans to double its store growth in the local market over the next decade.
Better-for-you food and drink options to drive product innovation over forecast period
Consumer demand for healthier food and beverages is expected to gain further momentum over the forecast period, as Australians increasingly focus on their health and wellness, even when searching for convenience. In response, convenience retailers will need to ensure that they offer a wide range of products that meet this demand for healthier snacks and beverages to address demand for higher nutritional value and functionality.
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Overview:
Understand the latest market trends and future growth opportunities for the Convenience Retailers industry in Australia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Convenience Retailers industry in Australia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Convenience Retailers in Australia report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Convenience Retailers in Australia?
- Which are the leading retailers in Convenience Retailers in Australia?
- How is the rise of e-commerce and the expansion of modern grocery retail impacting traditional retail?
- How has the impact of COVID-19 and national lockdown impacted consumer demand?
- Which formats have benefited the most from stockpiling and enforced home seclusion?
- How will the wider economic impact of COVID-19 shape the retail landscape in the future?
- Where is future growth expected to be most dynamic?
Convenience Retailers in Australia - Category analysis
KEY DATA FINDINGS
Expansion by Australian supermarket giants Coles and Woolworths
High tax rate on tobacco accelerates decline of tobacco sales, pushing convenience retailers to innovate
BP set to roll out refurbishment of its forecourt retailers across Australia
Rise of e-commerce set to pose threat to convenience stores
7-Eleven announces business strategy to double it footprint as it looks to drive growth in Australia
Better-for-you food and drink options to drive product innovation over forecast period
Retail in Australia - Industry Overview
Retail in 2024: The big picture
Shifting trust among consumers and shrinkflation strategies
Industrial disputes at Australian ports drive up cost of imports
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
End of year/Christmas shopping
Back-to-school
DISCLAIMER
The following categories and subcategories are included:
Convenience Retailers
- Convenience Stores
- Forecourt Retailers
Convenience Retailers
The aggregation of convenience stores and forecourt retailers.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Convenience Retailers research and analysis database.
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