Sector Overview: Convenience Stores — As Consumers Seek Ever More Convenience, Digitalization Prevails
Each of our Sector Overview reports provides an essential briefing on a sector or market. This report focuses on the convenience store sector.
- Convenience stores are adapting to consumers who live in an increasingly digitalized world and demand high-quality offerings and more convenience.
- Incumbent convenience store players are responding to these demands with food and beverages prepared on-site, loyalty programs and more digitalized businesses.
- The sector as a whole is seeing modest growth, while top players continue to capture sizable market shares. We expect to see further consolidation through M&A.
- Globally, there is a great deal of economic and political uncertainty. Trade tensions, Brexit and currency risks will continue to weigh on consumer sentiment and spending.