Convenience Stores - 2023 U.S. Market Research Report with Updated Recession Risk & COVID-19 Forecasts

Convenience Stores - 2023 U.S. Market Research Report with Updated Recession Risk & COVID-19 Forecasts
The 55-page Convenience Stores 2023 U.S. Market Research Report is one of the most comprehensive and in-depth assessments of the retail sector in the United States with over 100 data sets covering 2014-2027.

This Kentley Insights report includes historical and forecasted market size, ecommerce, product lines, inventory turns, gross margin, profitability, financial ratios, BCG matrix, statistics by state, operating expense details, organizational composition, consolidation analysis, employee productivity, price inflation, pay bands for the top 20 industry jobs, segmentation by concentration, business size, franchise, and business structure, trend analysis and forecasts on companies, facilities, employees, payroll, and much more.

Convenience Stores include locations, known as convenience stores, primarily engaged in selling limited line of convenience items that generally include milk, bread, soft drinks, snacks, tobacco products, newspapers and magazines. These retailers may retail a limited line of canned goods, dairy products, household paper and cleaning products, as well as alcoholic beverages, and provide related services, such as lottery ticket sales and video rental.

This report is based on extensive business surveys and econometrics. Professionals utilize this report for market sizing, benchmarking, strategic planning, due diligence, valuations, operational initiatives, sales & marketing strategies, understanding industry dynamics, evaluating opportunities, forecasting, trend analysis, streamlining, gap analysis, and other analyses.

Review the table of contents to see the data-rich insights, which leaders have come to depend on for their research, strategic, and benchmarking needs.

Below are a few of the hundreds of stats from the 55-page Convenience Stores 2023 Market Research Report:

INDUSTRY SIZE

In 2022, total revenue was $35.9 billion
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SECTOR GROWTH

Over the past 3 years, the sector has grown at an annual rate of 7%
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RETAILER GROWTH

There are 25,147 companies in the industry
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ECOMMERCE SALES

In 2022, ecommerce sales are forecasted to grow 11.9%
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SALES PER LOCATION

In 2022, the average sales per location was $1.3 million
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INFLATION & PRICING

2023 forecasted inflation is -4%
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PROFITABILITY & FINANCIAL BENCHMARKS

Unprofitable companies averaged -4.1% in net loss as a % of revenues
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Purchase the Convenience Stores 2023 Market Research Report to unlock over 100 insightful data sets on the industry from Kentley Insights, the leader in data-rich market research reports.

NAICS CODE: 445120