Mercer Capital’s Convenience Store Industry newsletter is a quarterly publication. Each issue includes a segment focus (convenience stores, grocery stores, fast food (QSR), and travel centers). Also included in every issue is a market overview, a review of recent M&A activity, and more.
The segment focus of the most recent issue is Grocery Stores.
This industry has grown over the past five years, benefitting from a strengthening economy and the trend toward organic and all-natural brands. However, the industry is mature, and revenue is expected to grow at a rate below national GDP over the next five years (1.5%, annualized). The top four operators account for roughly 30% of industry revenue. Competition from superstores and warehouse clubs intensified during the recent recession, and remains high. As shown below, other sector operators enjoy modestly lower costs than grocery store retailers.
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