China Convenience Store Sales to Cross 19% CAGR

Growing service class population coupled with fast acceptance of c-stores as grocery retail destination is set to drive c-store sales in China to register 19.1% CAGR during 2010-2012.

Noida, India, February 20, 2010 --( The global research pioneer, RNCOS has extensively evaluated the Asian convenience store industry potentials in its latest research offering “Asian Convenience Store Market Forecast to 2012”. The profound analysis performed for all important regional markets together exhibited a strongly performing and rapidly growing market, which stood fairly strong even in the testing times of global economic slowdown.

In their analysis, they have acknowledged several critical trends prevailing in the c-store industry and determining the industry’s current and future directions. As discussed in report, the convenience stores sales growth in China is highly correlated to its overall retail sales growth. In previous years, the industry secured one of the highest revenue growths in Asia, which is anticipated to further accelerate during our forecast period (2010-2012) on the back of various critical factors analyzed and evaluated extensively in the report.

Report further identifies that apart from China, countries like South Korea, Malaysia, Singapore, etc. have also shown strong c-store developments in recent years. Both fuel and in-store sales have experienced an unmatched progress in these countries and an almost same trend is expected to prevail in coming years, as there are huge growth opportunities for both existing as well as new market players.

Their research also reveals that the penetration level of c-stores in Asia’s second and third biggest economies, China and India is almost negligible in comparison to total grocery retail outlets. With a combined population of above 2.5 Billion, they predict these markets to drive overall Asian c-store market - both in terms of stores openings and revenue generation.

Their report “Asian Convenience Store Market Forecast to 2012” provides conceptual analysis and informative evaluation of the c-store industry prospects in the Asian region. It thoroughly covers all prominent countries and provides region-specific industry’s focus points and consumer behavior analysis to provide comprehensive market intelligence to clients. A brief overview of the key players in the industry has also been included to make clients aware of the competitive landscape.

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About RNCOS:

RNCOS, incorporated in the year 2002, is an industry research firm. We are a team of industry experts who analyze data collected from credible sources. We provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.

Shushmul Maheshwari
Chief Executive
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