PROSPECTS AND OPPORTUNITIES
Convenience retailers will benefit from improved market penetration
Convenience retailers will continue to benefit from the proximity of such stores to households and their extensive operating hours, which give them a competitive edge. In addition, the growing adoption of customer-centric strategies, emphasising personalisation through extensive loyalty programmes and mobile-first approaches, will help to retain shopper interest.
Forecourts will turn into lifestyle hubs as competition intensifies
The forecourt landscape is set to remain dynamic in the forecast period, with many becoming lifestyle hubs. This transformation will be supported by intensified competition due to the influx of new entrants and the expansion of existing players.
More premium convenience stores are likely to emerge in affluent areas
The momentum gained by on-demand delivery services will continue threatening the performance of convenience stores at the higher end of the market. At the same time, traditional retailers will also continue to impact the performance of chained stores at the lower end.
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Overview:
Understand the latest market trends and future growth opportunities for the Convenience Retailers industry in South Africa 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 South Africa, 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 South Africa 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 South Africa?
- Which are the leading retailers in Convenience Retailers in South Africa?
- 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 South Africa - Category analysis
KEY DATA FINDINGS
Convenience stores continue to benefit from proximity
Petrol stations are reinventing their business model as fuel sales decline
Shoprite consolidates lead as franchise network continues to expand
Convenience retailers will benefit from improved market penetration
Forecourts will turn into lifestyle hubs as competition intensifies
More premium convenience stores are likely to emerge in affluent areas
Retail in South Africa - Industry Overview
Retail in 2024: The big picture
Competition intensifies, leading to a more consolidated market
SARS introduces new regulation for cross-border e-commerce
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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