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.
- Deal or no deal: Frozen sale makes sense for Kerry
- On the money: How Greencore is outperforming
- JBS sees big opportunity from Primo Smallgoods
- Comment: Mondelez digital strategy suffers blow
- Regional start-ups aim to ride China's online boom
- Kerry puts frozen food unit on block - reports
- Coca-Cola eyes long-term rewards with dairy push
- Post issues warning over US cereal sector sales
- UPDATE: Greencore eyes US$1bn US business
- Abraaj outbids Kellogg with fresh Bisco Misr offer