Convenience stores demonstrated a varied performance in 2021. The continued lockdown restrictions throughout the year limited foot traffic in shopping malls, train stations and business centres where some convenience stores are located.
Convenience stores located in residential areas performed better as people stayed more at home and preferred shopping in stores close to their homes. The sales channel’s overall positive performance was driven by convenience stores such as Coop Jednota Slovensko and Fresh by Labas whose stores are located in residential and rural areas.
Those convenience stores offering delivery service had a competitive advantage and were able to compensate for the loss at least partially in value sales in physical stores. Toward the end of the review period, Delia Potraviny launched a delivery service in Bratislava, which was met with great demand at the onset of the pandemic and demand remained high throughout 2021.
The growing demand for fresh products and the tendency to make smaller but more frequent purchases drove convenience stores sales in the review period. The rising on-the-go lifestyles of Slovakian consumers benefited convenience stores, which started offering fresher packaged food, drinks to-go and fresh bakery products.
Over the forecast period, the main challenges to convenience stores will be grocery e-commerce, foodservice bakery outlets, supermarkets and discounters moving into city centres – set to take sales from convenience stores. Supermarkets and discounters increasingly emphasise smaller outlets with a food-to-go section, directly competing with convenience stores.
The continued growth of retailers that have entered over the review period, including Stary Otec, Delia and Malina, is expected to continue driving growth over the forecast period. In fact, convenience stores in Slovakia saw the highest number of new entrants over the review period.
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Chained grocery retail outlets selling a wide range of groceries and fitting several of the following characteristics: Extended opening hours Selling area of less than 400 sq metres Located in residential neighbourhoods Handling two or more of the following product categories: audio-visual goods (for sale or rent), foodservice (prepared take-away, made-to-order, and hot foods), newspapers or magazines, cut flowers or pot plants, greetings cards, automotive accessories. Sales data excludes foodservice sales. Example brands include 7-Eleven, Spar. Note: The number of branches required to be termed chained varies from country to country but is usually ten or more. If a multinational is operating in the country, then this is included, even if there are fewer than ten outlets under the brand.See All of Our Definitions
This report originates from Passport, our Convenience Stores research and analysis database.
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