Convenience Retailing : Market Drivers , Challenges and Opportunities

Introduction

Scope

Objectives of the report

Key findings

SWOT: The competitive positioning of convenience stores

Key Drivers of Convenience Retailing

Demographic factors impact demand for convenience retailing

Transport habits boost formats geared towards convenience

Rail travel boosts footfall at convenience stores

Key world markets for convenience stores within grocery retailing

Convenience stores expansion: Asian markets dominate top 10

Convenience store growth: Emerging markets gain prominence

How Do Convenience Stores Fare Against Other Channels?

Convenience stores compete with a wide range of channels

Traditional channels losing out to convenience stores

Channels losing out to convenience stores in emerging markets

Traditional grocery outlets close in the face of rising competition

Independent small grocers: High outlet density in emerging markets

Emerging markets: Independents losing out to convenience stores

Value vs convenience: Convenience stores against variety stores

Value vs convenience: Convenience stores against discounters

Convenience stores and internet retailing: Direct competitors?

Convenience stores vs forecourt retailers: Channels converging?

Parapharmacies/drugstores: Exposure to convenience retailing

How other channels impact convenience stores

Expansion and Innovation Strategies : How Retailers Shape Convenience

Leading strategies for convenience stores: Expand and innovate

Expansion and Innovation Strategies: How Retailers Shape Convenience

New formats: Smaller convenience stores at high-traffic locations

New formats: Convenience retailing and foodservice converge

Smaller convenience stores target more specific shoppers’ needs

Click-and-collect: T he cornerstone of multi-channel synergies

Expansion in the UK: New entrants in highly competitive market

Expansion in mature markets: More acquisitions in the US

Branding strategies: New banners to differentiate positioning

Asia-Pacific: Japanese retailers expand in emerging markets

Japanese convenience store chains accelerate expansion in China

Emerging market champions: Magnit in Russia and Oxxo in Mexico

Product Assortment : How Does Convenience Impact Manufacturers?

Product assortment at convenience stores: Meal solutions

Product Assortment: How Does Convenience Impact Manufacturers?

Private label at convenience stores: Europe leads the way

Private label in packaged food: Japan catching up with Europe

Private label at convenience stores: Seven & I’s first steps in Asia

Seven & I captures fast food sales in the US and emerging markets

Foodservice offer a key footfall driver for convenience stores

Convenience stores cast shadow over fast food sales

Shifts in product assortment: Impact for retailers and suppliers

Case Study : Itochu Group

Case study: Itochu Group

Case Study: Itochu Group

Catching up with Seven & I: Itochu’s expansion across Asia

China: Positive first steps in Shanghai a prelude to future growth

Challenges in Japan: Targeting the elderly, integrating am/pm

Older age groups grow in importance as population matures

Taiwan: Expansion and innovation defy apparent market saturation

Itochu’s product assortment and supply chain strategy

Itochu’s strategy highlights convenience stores’ global direction

Key Opportunities and Threats for Convenience Retailers

Rising urban population in emerging markets gives opportunities

Can g lobal convenience store brands acquire a truly global span?

Franchisor vs franchisees: Managing expansion and sales targets

More opportunities than threats from internet retailing in longer term

Economic environment: Risk of downturn in developed markets

Future impact of convenience stores in retailing