The convenience store industry has constantly gone through a series of changes and one of the most remarkable changes in this transformation is automation of the convenience store.
February 16, 2006 (Press Release) --
The convenience store industry has constantly gone through a series of changes and one of the most remarkable changes in this transformation is automation of the convenience store.
With advanced model of technology driving the growth, market for new convenience stores seems evident in various developing and developed countries. Major retailers have switched over to the convenience retailing, as it is one of the world's fastest growing industries.
Nearly 8 decades back in 1927, the world’s first convenience store opened its doors to the public. It served customers 16 hours daily and provided basic requirements such as grocery. The world’s first 24-hour convenience store started about 35 years ago and these stores have the distinction of catering to all kinds of demands made by the customers. Convenience retailers have opened important outlets offering 24-hour drugstore, bill payment counters and ATM counters all housed under the same roof of drive-in stores at gas stations or convenience stores.
Fuel retailers including BP, Shell, Texaco, and Hess-in conjunction with their gasoline sales, have expanded their services to include full shopping opportunities in order to boost their profits. "G" Stores tend to offer a greater merchandise mix than convenience stores, including fresh fruits and vegetables, salads, sandwiches and ready to eat meals.
Convenience stores owe a major portion of their success to adoption of sophisticated technologies that have helped store operators closely monitor their store inventories and quickly respond to changes in customer demand. Shopping can be done from a wide range of products priced very reasonably. The 24 hour convenience store is a novel concept, ready to influence the convenience retailing on college and business campuses and then moving on to bring the masses in its fold.
A comparative study conducted on convenience retail stores and drive-in-stores found consumers impulsively purchasing confectionary items along with food and beverages. Retailers feel that people now spend more judiciously for value instead of convenience.
According to the Market Research Report by RNCOS named “European Convenience Stores Market Report (2006-2008)”, previous year in UK, the total food sales at the Co-op climbed up by 17.4% to stand at £ 3.07 Bn. The 3.4% boost in the like-for-like sales from the convenience retail stores have helped in spurring the food profits by 63% to £ 113.4 Mn.
The retail sector is evolving fast with national and international operators investing in stores and supply chains. In the past five years, the total number of food related stores developed by the top 30 international operators has increased by 23 percent. Store acquisitions are partially responsible for the strong growth of convenience stores and co-operatives by 18% and 15% respectively.
Technological innovations have reduced the shopping time of consumers, adding greatly to their convenience.
To purchase your copy :http://www.rncos.com/Report/CP10.htm
For more information about the report please visit www.rncos.com
With advanced model of technology driving the growth, market for new convenience stores seems evident in various developing and developed countries. Major retailers have switched over to the convenience retailing, as it is one of the world's fastest growing industries.
Nearly 8 decades back in 1927, the world’s first convenience store opened its doors to the public. It served customers 16 hours daily and provided basic requirements such as grocery. The world’s first 24-hour convenience store started about 35 years ago and these stores have the distinction of catering to all kinds of demands made by the customers. Convenience retailers have opened important outlets offering 24-hour drugstore, bill payment counters and ATM counters all housed under the same roof of drive-in stores at gas stations or convenience stores.
Fuel retailers including BP, Shell, Texaco, and Hess-in conjunction with their gasoline sales, have expanded their services to include full shopping opportunities in order to boost their profits. "G" Stores tend to offer a greater merchandise mix than convenience stores, including fresh fruits and vegetables, salads, sandwiches and ready to eat meals.
Convenience stores owe a major portion of their success to adoption of sophisticated technologies that have helped store operators closely monitor their store inventories and quickly respond to changes in customer demand. Shopping can be done from a wide range of products priced very reasonably. The 24 hour convenience store is a novel concept, ready to influence the convenience retailing on college and business campuses and then moving on to bring the masses in its fold.
A comparative study conducted on convenience retail stores and drive-in-stores found consumers impulsively purchasing confectionary items along with food and beverages. Retailers feel that people now spend more judiciously for value instead of convenience.
According to the Market Research Report by RNCOS named “European Convenience Stores Market Report (2006-2008)”, previous year in UK, the total food sales at the Co-op climbed up by 17.4% to stand at £ 3.07 Bn. The 3.4% boost in the like-for-like sales from the convenience retail stores have helped in spurring the food profits by 63% to £ 113.4 Mn.
The retail sector is evolving fast with national and international operators investing in stores and supply chains. In the past five years, the total number of food related stores developed by the top 30 international operators has increased by 23 percent. Store acquisitions are partially responsible for the strong growth of convenience stores and co-operatives by 18% and 15% respectively.
Technological innovations have reduced the shopping time of consumers, adding greatly to their convenience.
To purchase your copy :http://www.rncos.com/Report/CP10.htm
For more information about the report please visit www.rncos.com
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