AACS: Convenince Industry Continues Growth Trajectory

AACS: Convenince Industry Continues Growth Trajectory

Australian convenience stores have outpaced the growth of the grocery channel for the second year running, recording sales growth of 3.7% in 2013 to reinforce the important role convenience stores play for consumers and the economy, according to the annual State of the Industry Report launched by the Australasian Association of Convenience Stores (AACS), the peak body for Australian convenience stores, this week.

Based on the measured data provided to AACS, the convenience channel grew in value by 3.7% last year, building on the 3.4% growth figure recorded the year before, while the grocery channel recorded growth of just 2.3% in 2013.

In 2012, convenience stores grew at a faster rate than the grocery channel for the first time since 2008, and AACS Chief Executive Officer Jeff Rogut said it was encouraging to see the industry outpace the grocery channel again in 2013.

“Convenience stores in Australia have not only proven their resilience amid tough retail trading conditions, they have again demonstrated the value proposition the convenience channel provides to customers whose shopping patterns and behaviours continue to evolve,” Mr Rogut said.

The complete ‘AACS State of the Industry Report 2013’ is available for purchase by non AACS members through the AACS.

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