The Future of Retail
An overwhelming 93 percent of c-store industry suppliers, manufacturers, wholesalers, distributors, and brokers said they are heading into the new year with a positive view on the U.S. economy. On the flip side, only 1.7 percent hold a negative view of the economy, with 5.3 percent remaining neutral, according to the Convenience Store News Forecast Study.
Digging deeper, of this year’s supplier respondents who say they hold a favorable view of the U.S. economy, more than half indicated they feel “very positive.”
And the economy is not the only bright spot among the supplier community. Survey respondents also feel good about their respective product categories. More than half (52.6 percent) said they are “very positive” and what’s more, zero respondents indicated they are very negative about their category.
The suppliers that participated in the Forecast Study give the convenience channel top marks among the retails channels they work in. Specifically, 92.9 percent rate the convenience channel as positive, compared to 59.6 per- cent for mass merchandise, 56.3 percent for drug, and 56 percent for grocery.
Looking to the coming 12 months, c-store industry suppliers are split about what will be the biggest keys to their success. Roughly one-quarter point to growth in consumer spending, while a nearly equal number points to retailer unit expansion.
Future Outlook for C-Store Retail
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