Great Neck, NY (PRWEB) June 29, 2016
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.
Despite a sharp decline in retail fuel prices that pushed total convenience store industry sales down 17.4% to $574.80 billion last year, in-store sales continued to grow, rising 5.8% to $225.80 billion. While the competitive landscape continues to ramp up, both within the industry and across other sectors including grocery stores, mass merchandisers, dollar stores, drug stores and specialty retailers, the biggest opportunities for growth remain inside the store. Consequently, convenience store retailers have been relentless in their quest to discover new ways to drive customer traffic, including adding higher-margin foodservice sales, improving digital efforts, offering customer-friendly services, and revamping store design and layout.
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, regional and state trends, and franchising and licensing activity. The report concludes with individual profiles of the following top industry players: 7-Eleven, Alimentation Couche-Tard, Casey’s General Stores, Sheetz, Stripes Convenience Stores, CST Brands, Wawa and Cumberland Farms.
Commenting on the Convenience Stores Segment Analysis, CEO Lawrence Sarf stated, “We update this ‘State of the Union’ look at the top c-store players, both individually and comparatively, every year, evaluating where they have been, where they are headed, and how they stack up against others competing for the same consumer. Any business that sells into this segment, engages in real estate development, or competes on this playing field will find our analytical deep dive a must-read.”