Convenience stores are drawing a great deal of attention with respect to their importance in capturing food dollars spent.... Nowhere will you find a more comprehensive look at the segment.
Great Neck, NY (PRWEB) January 21, 2015
Industry-leading credit consulting firm Information Clearinghouse, Inc. (ICI), through its F&D Reports division and sister company FDARMS, has released its in-depth segment analysis on the U.S. convenience store industry.
Convenience store retailers face an increasingly competitive landscape, both within the industry and across other sectors including grocery stores, mass merchandisers, drug stores and specialty retailers. Cross-segment competitors have been rapidly adding fuel and prepared foods as well as developing and opening smaller formats to both attract customers for “fill-in” shopping trips and gain access to new markets. The biggest opportunities for the convenience store sector’s growth remain inside the store, and operators continue to experiment with a variety of initiatives to capture traffic. In addition to offering new financial and other customer services as well as utilizing digital advertising, convenience store retailers are maintaining a sharp focus on higher-margin foodservice sales to boost profits and remain competitive. These efforts include, among other things, adding in-store, full-service restaurants and delis, delivering fresh pizzas, and diversifying food offerings for health-conscious consumers.
The Convenience Stores Segment Analysis provides a detailed look at the state of the industry, including future outlook, a sector overview with a top 25 ranking, an update on the impact of fuel sales and credit card fees, in-store and foodservice sales results, competitive activity across other retail sectors, and franchising and licensing activity. The report concludes with individual profiles of the following top industry players: 7-Eleven, The Pantry, Alimentation Couche-Tard, Casey’s General Stores, Stripes Convenience Stores, Sheetz, Wawa and Cumberland Farms.
Commenting on the Convenience Stores Segment Analysis, CEO Lawrence Sarf stated, “As total annual revenues approach $700.00 billion, c-stores are drawing a great deal of attention with respect to their importance in capturing food dollars spent. That is clearly why many of the big traditional supermarkets and even supercenter kings are adding the small-footprint, ‘in-and-out’ format to their repertoire. The counter-reaction from long-time c-store operators has been to differentiate, and those efforts today are heavily focused on upgrading the perceived quality of their offerings in prepared foods and hot beverages. This is a huge segment, one that is evolving, and our analysis looks at it from 30 thousand feet while also drilling down to what each key player is doing to grow its brand. Nowhere will you find a more current and comprehensive look at the segment in one easy-to-read report.”
Information Clearinghouse, Inc. (publisher of F&D Reports, Creditntell and ARMS) is a leading credit consulting firm specializing in the analysis of public and private companies in numerous retail segments. The focus of its analysis is to deliver the key intelligence today’s busy credit executive needs to make a highly informed decision without sifting through pages of non-essential data. To learn more, visit our websites at http://www.fdreports.com, http://www.creditntell.com, http://www.fdarms.com.