Expectations are high that Walmart will accelerate expansion of its small format Express stores when 2014 capital expansion plans are announced this fall. If that’s the case, the company will be entering a crowded landscape.
Sales in the convenience store industry advanced 2.7% during 2012, well below a prior year gain of 18.5%, as meaningful economic growth hampered results.
While Walmart continues to fine tune its small format Express concept, ample opportunity awaits in the C-store space.
The latest data from Nielsen shows the number of U.S. convenience stores continues to expand and last year set a new record with 149,220 units.