C-Sector Bucks Economic Downturn
Thursday, May 21, 2009 8:53
The UK conveninece market has shot up in value by 6.1% over the past 12 months to £29.1 billion, outstripping growth in the UK grocery market overall. The figures, from food and grocery researchers IGD also forecast the sector to hit £39.7 billion by 2014 at current rate.
The econimc climate has encouraged new format innovation, broader food-to-go options and new product development. Also fuelling growth are more retail fresh food offers, now representing 30% of sales, price-busting economy deals and additional football.
According to the report, it is also noted that the first increase in the number of forecourt stores ever since 2002 to 8641, driven by new opening and the recommissioning of sites.
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