Companies and Markets: "Global Convenience Store Market Analysis" Market Report Available Now.LONDON -- Companies and Markets announces the addition of "Global Convenience Store Market Analysis" market research report to its portfolio. (http://www.companiesandmarkets.com/link.asp?id=C4L C4L Connexions 4 London (UK colocation and internet service provider) C4L Command, Control, Communications & Computer Systems Division Long Missile C4L Campaign 4 Liberty 70NTD NTD Neural tube defect, see there 646854) The increasing trend towards organized retailing in the less developed convenience store markets is forecast to drive strong sales growth in the world's c-store industry. By 2011, modern c-store related retail trade is expected to account for more than 55% share of total Asian retail sales as foreign players invest heavily in this growing retail sector. Although, developed markets in America and Europe will report some levels of development and growth, the future of the world's convenience store industry lies in continued expansion of modern retailing in the emerging regions, particularly Asia-pacific. Asia Pacific region growth will be supported by the rising domestic consumption, changing life styles and a growing middle class with increasing purchasing power Purchasing Power 1. The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy. Purchasing power is important because, all else being equal, inflation decreases the amount of goods or services you'd be able to purchase. 2. . In contrast to the increasingly fragmented Asian c-store market, the c-store industry has reached the mature stage in most of the developed countries of Europe and North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . The market is forecast to report further consolidation of retail c-store outlets in these developed markets, especially the UK; a trend which is expected to accelerate in light of recent economic woes expected as a result of the "credit crunch Credit Crunch An economic condition whereby investment capital is difficult to obtain. Banks and investors become weary of lending funds to corporations thereby driving up the price of debt products for borrowers. " financial environment. Although the number of C-stores continues to decline in the UK, it remains a highly lucrative market in Europe with sales expected to continue to increase at a CAGR CAGR See: Compound Annual Growth Rate of around 5% in coming years. Consumer spending Consumer demand or consumption is also known as personal consumption expenditure. It is the largest part of aggregate demand or effective demand at the macroeconomic level. at convenience stores The following is a list of convenience stores organized by geographical location. Stores are grouped by the lowest heading that contains all locales in which the brands have significant presence. in the UK totalled 26Bn in 2007 almost 5% higher than the previous year whilst the number of stores declined to 50,814 during 2007. In more developed c-store markets, growth in retail sales has been reported alongside a falling number in outlet numbers as competition within this sector increases; a trend often seen in a more saturated and mature market sector. The US convenience store industry is registering the highest growth among the western countries in value terms with future CAGR pegged at around 16% for the coming few years. Asia remains the fastest growing c-store market in the world as the major Asian retail markets registered explosive growth in the number of new c-store outlets opening; a direct contrast to the UK and more developed markets where consolidation of the c-store market is reported. Changing consumer preferences, lifestyle and rising income level, which is heavily influenced by economic growth, remains the major driving force for growth in the c-store industry within the Asian region. China remains the largest c-store market, recording a 15.3% CAGR increase in the number of c-stores during the period 2004 to 2006. The shift towards more modern retail trading in Asia will be led by China and India. China's convenience store retail market continues to develop rapidly and many foreign C-store chains besides 7-Eleven, are entering into the market. Worsening wors·en tr. & intr.v. wors·ened, wors·en·ing, wors·ens To make or become worse. Noun 1. worsening - process of changing to an inferior state decline in quality, deterioration, declension economic fortunes and the associated reduction in consumer purchasing power is expected to dampen growth in the convenience store market especially in developed food retail markets in central Europe Central Europe is the region lying between the variously and vaguely defined areas of Eastern and Western Europe. In addition, Northern, Southern and Southeastern Europe may variously delimit or overlap into Central Europe. where aggressive marketing strategies for discount and larger retail stores (reduced price offers) are attracting an increasing number of customers away from the inherently more expensive convenience stores and into retail conglomerates where more competitive prices are enjoyed. Published Date: 11/07/2008 Number of Pages: 110 The report provides a highly detailed and comprehensive 110 pages of analysis covering the convenience store market. |
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