Retailing in convenience stores plays a progressively vital role for European grocery store retailers. Retail sector is no more the arena of individuals' retailer. This sector is now attracting multiple retailers. European retailers are now expanding their business in this particular sector.
Market liberalization and increasing number of consumers is generating the potential industry income and dormant demand for convenience store worldwide. In the last 5 years, the presence of food-linked stores run by top 30 international players have grown by 23%. Convenience multiples & Co-operatives increased to a large number, by 15 and 18% respectively. This growth has partially been stimulated by store acquisitions.
The golden era of fast growth that was achieved by just building and luring customers is no more existing now. Market figures indicate that international retailers' had better growth prospects in 2005. With cutting-edge technology lashing the growth, new c-stores market seems to be more evident in developed and developing countries. As far as benefits is concerned, economies support big chain dealers in convenience -store industry to launch innovative and newer goods line.
An inclusive summary of the Europe's c- market:
· Defining the sector in terms of store format, shopping occasions and retail execution
· IGD's approximation of the market place by the nation & development study of the convenience retailing throughout Europe
· Detailed analysis of Europe's leading players, with the strategic function of c- stores retailers
· Study of the major trends driving changes in the c-store sectors with customer dynamics and the rising influence of numerous retailers
Europe is witnessing a increasing strategic role of convenience stores for the key grocery retailers. Independent retailer no longer dominates the area; it has turn out to be attractive to numerous retailers. Most of the European traders have now moved their operations in the retail sector.
For further information about European Convenience Stores, read the report "European Convenience Stores Market Report [2006-2008] " published by RNCOS at: http://www.rncos.com/Report/CP10.htm
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