An Analysis of Convenience Stores in the U.S. using Porter's Five Forces
DUBLIN, Ireland--Research and Markets (http://www.researchandmarkets.com/reports/c63414) has announced the addition of "Convenience Stores in United States - Porter's Five Forces Strategy Analysis" to their offering.
There is no one single definition of convenience from the retailers, manufacturers and industry groups, although 'meeting shoppers' needs' as a definition is encouraging. On any given day, up to 100 million Americans visit a convenience store. Some locations serve a couple hundred customers per day, while others exceed 2,000. Convenience stores are the fuelling center of choice. It is estimated that about 60% of the gasoline sold in America is sold through convenience stores. With motor fuel sales accounting for 61% of the industry's total sales, it's plain to see why at least three-quarters of existing convenience stores now sell gasoline and 95% of new ones include fuel pumps.
The report authors analyze Convenience Stores in United States in Michael Porter's Five Forces Analysis. It uses concepts developed in Industrial Organization (IO) economics to derive five forces that determine the competitive intensity and therefore attractiveness of a market. Porter referred to these forces as the microenvironment, to contrast it with the more general term macro-environment. They consist of those forces close to a company that affect its ability to serve its customers and make a profit. A change in any of the forces normally requires a company to re-assess the marketplace.
Areas covered:
- Introduction to the Industry
- Porter's Five Forces Strategy Analysis
For more information visit http://www.researchandmarkets.com/reports/c63414.
Contacts
Research and Markets
Laura Wood
Senior Manager
Fax: +353 1 4100 980
press@researchandmarkets.com
There is no one single definition of convenience from the retailers, manufacturers and industry groups, although 'meeting shoppers' needs' as a definition is encouraging. On any given day, up to 100 million Americans visit a convenience store. Some locations serve a couple hundred customers per day, while others exceed 2,000. Convenience stores are the fuelling center of choice. It is estimated that about 60% of the gasoline sold in America is sold through convenience stores. With motor fuel sales accounting for 61% of the industry's total sales, it's plain to see why at least three-quarters of existing convenience stores now sell gasoline and 95% of new ones include fuel pumps.
The report authors analyze Convenience Stores in United States in Michael Porter's Five Forces Analysis. It uses concepts developed in Industrial Organization (IO) economics to derive five forces that determine the competitive intensity and therefore attractiveness of a market. Porter referred to these forces as the microenvironment, to contrast it with the more general term macro-environment. They consist of those forces close to a company that affect its ability to serve its customers and make a profit. A change in any of the forces normally requires a company to re-assess the marketplace.
Areas covered:
- Introduction to the Industry
- Porter's Five Forces Strategy Analysis
For more information visit http://www.researchandmarkets.com/reports/c63414.
Contacts
Research and Markets
Laura Wood
Senior Manager
Fax: +353 1 4100 980
press@researchandmarkets.com
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