The just-food management briefing - convenience stores
The convenience channel is a key feature of many Western markets, full as they are with time-poor, cash-rich consumers. However, the more mature markets of the US and the UK remain in a state of evolution - while markets in the East are developing their own kind of convenience stores.
Convenience stores are a dynamic part of the food retail sector worldwide. As consumers gain wealth, they lose time – making convenience retail increasingly attractive. The US has blazed the trail for c-stores and any examination of convenience store retail needs to begin there.
Every country had its own take on convenience stores. These retail traditions tend to be rooted in local cultures, making a certain combination of goods acceptable in one country, but not another.
Convenience stores are no longer the preserve of cash-rich but time-poor consumers in developed markets. They are increasingly popular in emerging markets too.
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