Global Expansion in Convenience Stores
Many convenience stores in Asia are looking to expand globally, discusses Raphael Moreau, Retailing Analyst at Euromonitor International. Asian convenience stores are aiming to compete globally with grocery stores and cafés by offering hot and fresh food options and seating areas for coffee. 7-Eleven is the most global convenience store in Asia with presence in 20 markets. Asian convenience stores are particularly interested in entering the North American market, where convenience stores are closely tied to gas stations. Currently, the top two convenience stores in North America only hold a combined market share of 30%, leaving room for competition.