PROSPECTS AND OPPORTUNITIES
Low value growth forecast for convenience retailers
Convenience retailers in the US is projected to maintain only low current value growth in the forecast period. The five-year CAGR for outlet growth is similarly low, reflecting the near maturity of the channel and dynamic acquisition activity.
Retail media networks set to expand in the forecast period
Retail media networks within the convenience retailers channel will grow through the forecast period, driven by investment in loyalty programmes by major brands in convenience stores and forecourt retailers, which has resulted in a trove of potentially profitable first-party data. The aggressive expansion of 7-Eleven’s retail media network, Gulp Media, is a strong example of how profitable these new revenue streams can be.
Amazon Go will lead growth in cashierless technology
It is telling that Amazon’s “Just Walk Out”, or cashierless technology, which it launched in 2018, is now only utilised in Amazon Go, the giant e-commerce retailer’s convenience stores format. Convenience stores is well-suited to cashierless technology.
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Overview:
Understand the latest market trends and future growth opportunities for the Convenience Retailers industry in USA 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 USA, 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 USA 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 USA?
- Which are the leading retailers in Convenience Retailers in USA?
- 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 the US - Category analysis
KEY DATA FINDINGS
Inflationary effects challenge convenience retailers in 2024
Consolidation continues across convenience retailers
Building brand awareness with innovative prepared foods continues in 2024
Low value growth forecast for convenience retailers
Retail media networks set to expand in the forecast period
Amazon Go will lead growth in cashierless technology
Retail in the US - Industry Overview
Retail in 2024: The big picture
Exceptionally high grocery prices in 2024 enter the political arena
China-affiliated competitors reset the landscape for retail e-commerce in the US
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Christmas
Back to School
Prime Day/Christmas in July
Mother’s Day
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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