PROSPECTS AND OPPORTUNITIES
Convenience stores earmarked for positive growth but the channel could face stronger competition
Over the forecast period, the negative effects of the inflation crisis are set to progressively soften. This should lead towards a premiumisation trend, with consumers becoming less conservative with their spending and less price sensitive.
Colruyt to expand its network of Okay convenience stores
Following the acquisition of part of Louis Delhaize’s Smatch chain of outlets, Etn Franz Colruyt NV is likely to expand its network of Okay outlets over the forecast period. Unlike Louis Delhaize and Carrefour, which hold a high number of convenience stores in their respective portfolios, Colruyt has only a relatively small number of convenience stores with it focusing on city centre locations with longer/more flexible opening hours.
Convenience stores concept coming under pressure from other retail channels
The success of the convenience stores concept is based on proximity and on longer opening hours (including Sundays and holidays) with the channel being relatively popular in Belgium. However, several factors are likely to undermine the future of convenience stores over the forecast period.
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Overview:
Understand the latest market trends and future growth opportunities for the Convenience Retailers industry in Belgium 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 Belgium, 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 Belgium 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 Belgium?
- Which are the leading retailers in Convenience Retailers in Belgium?
- 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 Belgium - Category analysis
KEY DATA FINDINGS
Convenience stores see slower growth in 2024 as competition from supermarkets increases
Increasing competition from foods e-commerce
Smatch stores close as competition intensifies
Convenience stores earmarked for positive growth but the channel could face stronger competition
Colruyt to expand its network of Okay convenience stores
Convenience stores concept coming under pressure from other retail channels
Retail in Belgium - Industry Overview
Retail in 2024: The big picture
Retailer profit margins under pressure
Online retail continued to gain share in 2024
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Christmas
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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