Retail Formats
Top 15 Convenience Store Brands to Watch in 2017
The rise of convenience stores is a result of supermarkets moving to suburbs and becoming larger. While supermarkets meet shopping needs, they have drawbacks such as being far from residential areas and consuming time. Convenience stores emerged to fill this gap. The first convenience store prototype appeared in the US in 1927, and the first true convenience store, 7-Eleven, was created by the Southern Company in Texas in 1946. In China, the industry started late, with the first stores appearing in the late 1990s. Despite rapid growth, challenges such as rising operating costs and digitalization remain. Unmanned convenience stores are seen as a future trend.
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