According to the reports, it was revealed that UK comfort shops have attained diffusion. This has happened exactly when the 228 towns in British have recorded a weaken report. This report has been submitted by The Local Data Company. This company has been checked the development of the convenience shops for the last five year, from 2011 to 2015. By going through the report, you would come to know that the market has become more spirited and competitive with the most number of stores.
The number of convenience stores in 2011 is 13,617 and until the end of 2015, it has been raised to 16,426 stores. This is a dramatic enhancement. During the period of 2011 to 2015, the big four supermarkets has recorded 8.4% compound annual growth rate. Convenience shops are currently running in a minimum profit and sales growth in the division of groceries and food. The convenience shops’ annual growth rate is 3.2% during those five years. At the same time, the annual growth rate of the supermarket is 4.9% and discounts store is 7.2%.
Overall in 2015, 228 British towns have recorded a net loss of more than 250 stores. On the other hand, during the period of 2013 to 2015, it was found that supermarket stores’ growth rate was decreased from 5.3% to 1.6%. Tesco has recorded a loss of 300 shops. Totally, 14 convenience shops were studied, among that, 5 stores had a pessimistic gross shop number, which is Budgens, lost 11, Londis down 268, Tesco Metro 17, Mace 13 and M Local losing 132.