NACS releases Global Convenience Store Industry Report

NACS has partnered with NielsonIQ to release the NACS Global Convenience Store Industry Report Q1 2022.

The report measured the performance of convenience stores around the world, with 13 countries experiencing growth, nine of which were from the Asia-Pacific region, while 10 counties experienced sales decline.

Sales growth data was not provided for Australia, but Malaysia, Thailand, Indonesia, and the Philippines, were the four highest performing countries with all experiencing double digit growth.

European countries accounted for 8 of the 10 countries with sales declines, with Denmark, Portugal, Spain, and Belgium, experiencing above average sales decline.

Henry O. Armour, President and CEO of NACS, said most issues, opportunities, and challenges exist globally, but each country might be in a different stage for a certain issue.

“In effect, an ‘issue life-cycle curve’ exists within our global industry. Knowing which region is in which state on an issue supports learning from best practices, preparing for change and advancing one’s business. It gives guidance for where to look and what to look out for.”

Across Europe, there were six top growth categories in five or more countries – paper products (8), non-alcoholic beverages (8), Pet food (8), health and beauty aids (7), food ambient (7), confectionery and snacks (6), and food perishables (5).

Meanwhile in Asia-Pacific countries, due to differences in product hierarchies, generalisations at the category-level were deemed not appropriate for this release.

“However, growth levels for the top five ‘what’s hot’ categories were more likely to be at higher double-digit rates compared to the ‘what’s not’ categories. Additionally, categories on both lists included a mix of edible and non-edible categories,” stated the report.

To view the full report, click here.

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