Delhi, India (PressExposure) April 17, 2008 -- RNCOS has launched its recent report "U.S. Convenience Stores: A Market Analysis", which gives a systematic analysis on the thriving convenience store (c-store) market in the US.
The report evaluates the practices followed by retail industry and stores in the US and all across the world, and gives an insight into the ways retail industry is addressing issues faced in the retail business.
According to the report, retail sales in the country are rising impressively through c-stores. It further adds that in 2006, the sales figure of c-store comprised of approximately 12.5% of total sales in retail sector and the share is projected to increase in future. Apart from that, since 2005, there has been 3.4% rise in the number of c-stores in the US. After conducting deep study on the c-store industry of the US, the report explains reasons for the increase of c-stores all around the country.
Apart from studying the c-stores of the US at both regional and state level thoroughly, the report also identifies top ten states having the maximum number of c-stores in the country. The analysis of state-wise performance made the report to recognize the states which are providing ample opportunities for c-store growth. It further depicts that Southern States of the US rules the c-store industry. In 2006, Southern states accounted for around 57% of total c-stores located in the US.
A Senior Research Analyst at RNCOS revealed that c-store is the most dynamic sector amongst all in the US retail industry. C-stores have established a vital position in grocery supply chain of the country, supplementing the supermarket needs and serving to refill shopping requirements.
The RNCOS report also looks into the factors which are encouraging investors to look for opportunities in the c-store market in the US. It further provides information on technologies like CCTV, RFID, and Biometrics which can assist c-stores in improving their function in the US. The report further highlights major challenges that provide opportunity for biometrics product manufacturers and IT companies to develop software and products to combat the challenges.
"U.S. Convenience Stores: A Market Analysis" asserts that requirement of c-stores have become stronger in the US and hence, a brilliant growth is expected in the c-store market in future in the country.