The convenience store sector is likely to undergo sea changes within the next few years with increase in competition as well as consolidation activities. With the entry of key supermarket players into the convenience retail sector has been compelling existing convenience store operators to reassess their value proposition. It's expected that by 2007, there will be a shift in focus from offering convenience to providing value-added convenience products and services.
A host of factors have contributed in making 'convenience-driven' grocery purchases a convincing reality. The greater demand for spare time, more time spent traveling and commuting and busier daily routines with frenzied pace of contemporary life, have had a major say in the shaping up of convenience stores.
Convenience stores have become ubiquitous fixtures in urban landscapes and their numbers are soaring in most of the Asia countries. Most of these stores are well planned and are build in close proximity to that segment of the populace who do not have the time to travel to other food outlets such as supermarkets. The prices of products in convenience stores is however markedly high in comparison to those of supermarkets. This is primarily due to the convenience factor associated with these stores. There are convenience stores that offer you the convenience to walk in at any time of the day.
Besides stocking a wide range of quality products ranging from food and beverages, magazines and other everyday items, they also offer a wide variety of services that are making people highly dependent on them. Apart from accepting payment through credit cards, providing automatic teller machines services in cooperation with banks and delivery services make the entire experience truly convenient and simple.
For further information about please read the report: "Asian Convenience Store- An Industry Analysis (2005-2009)" published by RNCOS at: http://www.rncos.com/Report/CP12.htm
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