Forecourt Trader - 30 years at the heart of the fuel retailing community

Convenience set for £42bn

29 November, 2011
Page 4 

The UK food and grocery convenience sector is set to grow to £42.2bn in five years' time, according to figures revealed by IGD at its Convenience Retail Conference.

The sector will have increased in value by more than a quarter from its current value of £33.6bn in 2011, and convenience's share of the overall food and grocery market is expected to increase to 22.9% by 2016, compared to 21.4% by the end of this year.

IGD ShopperTrack research reveals that shoppers are seeing increasing benefits from using the convenience sector. It found that if fuel prices continued to rise, 50% of shoppers said they would use shops nearer to them to save on petrol costs; 46% of convenience store shoppers stated that the ability to walk to a store from home was a key factor when choosing a convenience store; and convenience store shoppers use the format on average three times a week.

Nick Everitt, director of retail insight at IGD, said: "Shoppers are increasingly favouring a 'little and often' approach."

  • Weekly
  • Weekly
  • Daily
Weekly retail fuel prices: 10 December 2018
RegionDieselLPGSuper ULUL
East Midlands131.66133.08122.31
North East131.02133.24120.36
North West131.66130.27121.42
Northern Ireland129.6972.90134.65121.32
South East132.6863.90133.14123.11
South West132.1667.90131.56122.81
West Midlands131.34133.10121.95
Yorkshire & Humber131.2469.90131.77121.51

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