|Last Quarterly Update:||2/6/2017|
|NAICS Codes:||44512, 447110|
|Industry Overview||Trends & Challenges||Industry Forecast|
|Quarterly Industry Update||Call Prep Questions||Website & Media Links|
|Business Challenges||Financial Information||Glossary & Acronyms|
Companies in this industry operate retail locations that primarily sell fuel, groceries, cigarettes, and alcoholic beverages. Major US companies include 7-Eleven (the North American subsidiary of Seven-Eleven Japan); Circle K (a division of Canada-based Couche-Tard); Love's; and Wawa.
The global convenience store (c-store) industry is growing rapidly, particularly in Japan, China, and emerging markets in Southeast Asia. Major global players include Seven-Eleven Japan, with more than 58,000 owned and licensed 7-Eleven c-stores in Japan and some 15 countries in Asia, Europe, and North America, and Couche-Tard. With nearly 15,000 c-stores, Couche-Tard is the market leader in Canada and the US (by store count). The company also has stores in Scandinavia, Poland, the Baltic countries, and Russia. Couche-Tard's Circle K banner operates under license in more than a dozen additional countries in areas such as the Asia/Pacific region (including China), Latin America, and the Middle East.
The US c-store and truck stop industry includes more than 150,000 stores with combined annual revenue of about $470 billion. The industry includes establishments that are gas station/c-store combinations, as well as c-stores that don't sell fuel. Gas stations that don't include c-stores are covered in a separate industry profile.
Consumer and commercial driving trends drive demand. The profitability of individual stores depends on competitive pricing, effective merchandising, and the ability to secure high-traffic locations. Large companies have advantages in purchasing and finance. Small companies can ...
Would you or your company benefit from having unlimited access to First Research's industry intelligence tools?Learn More About Subscription Options