Having surged during 2021 as lockdown restrictions and a fear of contagion led many local consumers to do their grocery shopping closer to home, the retail current value sales of convenience stores saw a modest decline during 2021 but remained well above their pre-pandemic level. During the first three months of 2021, Spain was hit by a third wave of COVID-19 infections.
The COVID-19 health crisis in Spain revealed that most grocery retailers were not prepared for the surge in online orders. As a result, 2020 witnessed increased cooperation between food delivery platforms and grocery retailers, including convenience stores.
As a result of the economic shock of the pandemic, many local consumers have become more price sensitive and less loyal to brands. As a result, special offers and other promotions have become more commonplace in convenience stores.
The number of convenience stores will be flat during the forecast period, with average store size set to shrink slightly. Retail current value sales will see moderate growth.
More convenience stores will work with third party delivery apps like Glovo to offer e-commerce to consumers. Many of these delivery services offer delivery in certain urban areas within 20 minutes – or even ten.
Increased development of the ready-to-eat food offer in convenience stores is expected in the forecast period. During lockdown, convenience stores benefited from the closure of consumer foodservice establishments, increasing their offer of pre-prepared food to meet the growing demand for convenient meals to prepare at home.
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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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