Whilst in the past, consumers shopped for groceries once or twice a week, typically sacrificing some of their free time, the trend has radically changed, and this is expected to continue in the forecast period. The typical consumers of convenience stores are young, active adults who shop for groceries daily, and whose demand is evolving.
2018 saw the acquisition of Nisa by The Co-operative. As a result, Nisa convenience stores have started to sell The Co-operative’s private label products.
During the review period, the number of convenience stores increased at a rapid pace, as both small and large players increased their investment and operations. In 2017 and 2018, physical expansion ceased as the channel showed signs of maturity.
Tesco remained the leader in convenience stores in value terms in 2018. Whilst its number of stores remained fairly constant in 2018, value sales increased.
In January 2018, the merger between Tesco and the largest UK wholesaler Booker Group was completed with a GBP4.0 billion transaction.
Convenience stores expanded rapidly over the review period, and it has become increasingly difficult to find new locations at competitive prices. To overcome this limitation, Sainsbury’s is exploring the possibility of offering franchise deals to independent retailers in a view to expand its footprint to convenient locations such as shopping centres and city centres, which have become otherwise inaccessible.
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Discover the latest market trends and uncover sources of future market growth for the Convenience Stores industry in United Kingdom with research from Euromonitor's team of in-country analysts.
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This industry report originates from Passport, our Retailing market research database.