PROSPECTS AND OPPORTUNITIES
Rise of e-commerce continues to pose a challenge for convenience stores
As e-commerce offers a more convenient retail channel, through fast delivery times and click-and-collect services from supermarkets, it will become a more appealing and accessible option to consumers. The rapid growth of e-commerce in New Zealand presents both a challenge and opportunity for convenience stores around New Zealand.
Foodservice sector presents convenience retailers with opportunity for growth
With consumer spending expected to recover over the next five years, as inflation eases and economic conditions improve, the foodservice industry is poised for growth in the forecast period. There is an opportunity for convenience retailers to focus on delivering fresh and hot food to consumers looking for a quick snack or lunch when out and about.
Roll out of unstaffed convenience retailing helps to lower fuel prices
Many retailers, including convenience stores, are looking at automation to compete in a fiercely competitive landscape. By reducing the number of staff on location, variable costs can be reduced.
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Overview:
Understand the latest market trends and future growth opportunities for the Convenience Retailers industry in New Zealand 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 New Zealand, 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 New Zealand 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 New Zealand?
- Which are the leading retailers in Convenience Retailers in New Zealand?
- 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 New Zealand - Category analysis
KEY DATA FINDINGS
Convenience stores are squeezed by inflation
Retail crime continues to be a major problem for convenience stores
Challenges as government tightens restrictions on vapes
Rise of e-commerce continues to pose a challenge for convenience stores
Foodservice sector presents convenience retailers with opportunity for growth
Roll out of unstaffed convenience retailing helps to lower fuel prices
Retail in New Zealand - Industry Overview
Retail in 2024: The big picture
Highly promotional retail environment
Retail crime on the rise amidst tough economic period
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Christmas
End of Financial Year Sale
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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