South Korean C-Store Industry to Post Over 25% CAGR through 2012

Recovering economy and increasing appetite for convenient shopping will prompt South Korean c-store sales to grow at a CAGR of 25.4% during 2010-2012, says RNCOS.

Online PR News – 07-June-2010 – – According to our new research report “Asian Convenience Store Market Forecast to 2012”, the Asian convenience store industry has shown remarkable resilience against recession. Increasing consumer appetite for convenient shopping and surging sales of low-priced non-traditional products has given strong impetus to the development of industry. Our research has identified that South Korea has shown notable c-store developments in past few years and the country is further set to witness phenomenal growth in the industry supported by various factors discussed and analyzed thoroughly in the report.

The report further reveals that during 2006-2008, the convenience store sales in South Korea experienced more than double the growth registered by the country’s overall retail sales. This shows an increasing convenience stores acceptance in terms of grocery retail and routine shopping. However, in 2009, the c-store sales growth saw some moderate slowdown amid economic slowdown, but the industry is anticipated to bounce back in 2010 on the back of recovering economy and improving employment rate.

Apart from South Korea, various other countries including China, Taiwan, Philippines, Vietnam, etc. have also shown tremendous industry developments in the past few years. Numbers of convenience stores and per store sales have gained considerable momentum in the region. In coming years also, sustained growth is anticipated to be experienced, which will result in rapid development of c-store industry in the Asian region.

“Asian Convenience Store Market Forecast to 2012” is an outcome of extensive research and thorough analysis on the burgeoning convenience store industry in Asia. The report also discusses the market structure, current and past market performance and factors critical to the success of the concerned industry in the region. In addition to this, supporting market drivers along with impact on vertical industry segments have also been discussed to provide a balanced research outlook.

We have also identified all the key players in the ‘Competitor Analysis’ section of the report. The section talks about the business profile and strategic moves of the leading players operating in the sector.

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RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.