2010 Trendology: U.S. Gas Stations with Convenience Stores

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2010 Trendology: U.S. Gas Stations with Convenience Stores Powered By Docstoc
					U.S. Gas Stations with Convenience Stores Industry

                 © 2010 Edition
             U.S. Gas Stations with Convenience Stores Industry
                                      © 2010 Trendology Research



TABLE OF CONTENTS

               Economic Outlook Scenario Definitions
               Economic Outlook Scenario - Estimated Number of Establishments
               Economic Outlook Scenario - Estimated Industry Sales ($Millions)
               Economic Outlook Scenario - Estimated Number of Employees
               Industry Definition and Related Industries
               Related Industries
               U.S. Census Categories
               SWOT Analysis - Internal Industry Strengths
               SWOT Analysis - Internal Industry Weaknesses
               SWOT Analysis - External Industry Opportunities
               SWOT Analysis - External Industry Threats
               Written Analysis - Financial/Industry Statistics
               Written Analysis - Human Resources
               Written Analysis - Inputs/Suppliers
               Written Analysis - Consumers/Demand
               Written Analysis - Government Regulations
               Written Analysis - Technology
               Written Analysis - Environmental
               Written Analysis - Global Situation
               Written Analysis - Mergers & Acquisitions
               Written Analysis - Earnings & Profits
               Written Analysis - Executives News
               Written Analysis - Forecasts
               5-Year Trend - Estimated Number of Establishments
               5-Year Trend - Estimated Industry Sales ($Millions)
               5-Year Trend - Estimated Number of Employees
               Major Industry Players
               2009 U.S. States - Estimated Number of Establishments
               2009 U.S. States - Estimated Industry Sales ($Millions)
               2009 U.S. States - Estimated Number of Employees
               2009 U.S. Metropolitan Areas - Estimated Number of Establishments
               2009 U.S. Metropolitan Areas - Estimated Industry Sales ($Millions)
               2009 U.S. Metropolitan Areas - Estimated Number of Employees
               Definitions and Terms




   © 2010 U.S. Gas Stations with Convenience Stores Industry - Trendology Research   1
                U.S. Gas Stations with Convenience Stores Industry
                                           © 2010 Trendology Research




Copyright © 2010 By Trendology Research
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     © 2010 U.S. Gas Stations with Convenience Stores Industry - Trendology Research                            2
               U.S. Gas Stations with Convenience Stores Industry
                                          © 2010 Trendology Research


Economic Outlook Scenarios
Economic Outlook Scenarios are a unique Trendology method of projecting future industry growth or
decline. Each year when the Trendology reports are published, there are many factors that will impact
an industry in the upcoming year. Many factors would have a positive impact (termed optimistic economic
outlook scenarios) and others would have a negative impact (termed optimistic economic outlook scenarios).

Trendology Research believes these scenarios provide a useful tool for our clients so that they can 1) see
the factors that will potentially impact their industry's economy and 2) choose within a range the growth or
decline in their industry based on these economic factors.

The projections are based on regression analysis of past historical industry trends. 2007 and 2008 figures are
fixed. The 2009-2011 figures are projections are impacted by the economic outlook scenarios. 2009 figures
are impacted because at the time of publication, final data for the last months of 2009 were not available.

• Optimistic Economic Outlook Scenarios
                  1) Tax cuts remain in place
                  2) Consumer confidence improves
                  3) U.S. dollar grows in value against competitive countries
                  4) U.S. government's economic stimulus package is effective
                  5) Housing foreclosures decrease
                  6) Interest rate cuts are effective in stimulating investment
                  7) U.S. government is effective at stopping possible terrorist attacks on U.S. homeland
                  8) Oil prices decrease (supply increases or demand decreases due to conservation)
                  9) Illegal immigration decreases
                  10) Changes to trade regulation increases U.S. exports and improve trade balance
                  11) Federal health care bill does not become law



• Pessimistic Economic Outlook Scenarios
                  1) Tax increases are instituted
                  2) Consumer confidence continues to decline or remains constant
                  3) U.S. dollar continues to decline in value or remains at current value
                  4) U.S. government's economic stimulus package is ineffective
                  5) Housing foreclosures remain constant or increase
                  6) Interest rates cuts are mishandled and are not effective in stimulating investment
                  7) Terrorist attack on U.S. homeland
                  8) Oil prices continue to increase or remain at current level
                  9) Illegal immigration continues
                  10) No changes to trade regulations
                  11) Federal health care bill becomes law




     © 2010 U.S. Gas Stations with Convenience Stores Industry - Trendology Research                             3
                  U.S. Gas Stations with Convenience Stores Industry
                                                                   © 2010 Trendology Research


Number of Industry Establishments
• Economic Outlook Scenarios

   Economic                                                        Year                               % Change from Year to Year
   Scenarios                         2007                 2008       2009      2010         2011   07-08    08-09     09-10      10-11
    Optimistic                      --                   --        102164    105574       109237   --       -1.3%      3.3%       3.5%
      Stable                       99890               103479      102069    104815       107866    3.6%    -1.4%      2.7%       2.9%
    Pessimistic                     --                   --        101974    104056       106495   --       -1.5%      2.0%       2.3%

*Economic Outlook Scenarios only apply to projected years.




                                                     Industry Establishments (Stable Economy Scenario)
                                                   110000
                                                   108000
                        Number of Establishments




                                                   106000
                                                   104000
                                                   102000
                                                                                                      Number of Establishments
                                                   100000
                                                   98000
                                                   96000
                                                   94000
                                                            2007    2008    2009   2010    2011




      © 2010 U.S. Gas Stations with Convenience Stores Industry - Trendology Research                                                    4
                  U.S. Gas Stations with Convenience Stores Industry
                                                    © 2010 Trendology Research


Industry Sales
• Economic Outlook Scenarios

   Economic                                                         Year
   Scenarios               2007              2008     2009        2010      2011   07-08   08-09    09-10   10-11
    Optimistic            --                --      172820      191906    211734   --      -1.9%    11.0%   10.3%
      Stable            161003            176123    172444      183855    196890    9.4%   -2.1%     6.6%    7.1%
    Pessimistic           --                --      172067      175804    182045   --      -2.3%     2.2%    3.6%

*Economic Outlook Scenarios only apply to projected years.




                                               Industry Sales (Stable Economy Scenario)
                                      250000

                                      200000
                         Sales ($M)




                                      150000

                                                                                               Sales ($M)
                                      100000

                                      50000

                                          0
                                                2007     2008      2009     2010   2011




      © 2010 U.S. Gas Stations with Convenience Stores Industry - Trendology Research                               5
                  U.S. Gas Stations with Convenience Stores Industry
                                                           © 2010 Trendology Research


Number of Industry Employees
• Economic Outlook Scenarios

   Economic                                                                  Year
   Scenarios               2007    2008    2009    2010    2011                             07-08       08-09       09-10   10-11
    Optimistic            --      --    1094329 1141981 1176910                             --          -0.7%        4.4%    3.1%
      Stable           1056195 1101714 1094065 1129876 1162433                               4.3%       -0.7%        3.3%    2.9%
    Pessimistic           --      --    1093801 1117770 1147955                             --          -0.7%        2.2%    2.7%

*Economic Outlook Scenarios only apply to projected years.




                                                  Industry Employees (Stable Economy Scenario)
                                              1180000
                                              1160000
                        Number of Employees




                                              1140000
                                              1120000
                                              1100000
                                              1080000                                               Number of Employees
                                              1060000
                                              1040000
                                              1020000
                                              1000000
                                                        2007   2008   2009    2010   2011




      © 2010 U.S. Gas Stations with Convenience Stores Industry - Trendology Research                                               6
              U.S. Gas Stations with Convenience Stores Industry
                                       © 2010 Trendology Research



Industry Definition and Related Industries
NAICS 44711: Gas Stations with Convenience Stores. This industry
comprises establishments primarily engaged in selling gasoline and
lubricating oils. These establishments frequently sell other merchandise,
such as tires, batteries, and other automobile parts, or perform minor repair
work. Gasoline stations combined with other activities, such as grocery
stores, convenience stores, or carwashes, are classified according to the
primary activity.

Related Industries
              Automobile Dealers
              Automobile Manufacturing
              Oil Refineries
              Grocery Stores

U.S. Census Categories
NAICS 44711 – Gas Stations with Convenience Stores is almost comparable to:
59% of SIC 5541 – Gas Stations with Convenience Stores and
7% of SIC 5411 - Convenience Stores selling gasoline




    © 2010 U.S. Gas Stations with Convenience Stores Industry - Trendology Research   7
                U.S. Gas Stations with Convenience Stores Industry
                                          © 2010 Trendology Research




• Internal Industry Strengths
• Single convenience store owners are 61% of the industry or 90,000 stores. Their advantage is personal
knowledge of their customers which chains can't compete with that because they rely on store and district
managers. The passion to survive is greater with the independent owners.
• Terrible Herbst is a Las Vegas chain founded in 1959. Terrible's owns over 41 car washes, 22 lube locations and
over 100 c-store/gas stations. Their mission is to provice a complete convenience destination with gas, groceries,
lube and car wash services. They sponsor the Nevada Partnership for Homeless Youth and numerous promotions
as in 'a Great day to be Terrible'.

• Loyalty card programs have been used in the c-store industry since 2002 and have always gotten praise. Loyalty
programs are especially important in a week economy when consumers need to save and c-stores need to keep
a consistent revenue stream from returning customers. Consumers burdened with credit card debt want to use
debit cards to control spending. When you apply rewards to debit cards, consumers appreciate it.

• Internal Industry Weaknesses
• Single convenience store owners are more dependent on their suppliers for product information and services.
They feel neglected in favor of chains, but they can implement programs faster and represent, in total, a larger
segment of the industry.

• Lykins Enterprises, owner of 14 convenience stores in Kentucky and Ohio, has filed for bankruptcy. Chevron, Shell
and Ashland Oil are the th
				
DOCUMENT INFO
Description: The 2010 Trendology report on the U.S. Gas Stations with Convenience Stores industry characterizes the industry in three descriptive methods: qualitative analysis, quantitative data and lists of major industry players. The written analysis includes financial issues, technology issues, human resources issues, supplier issues, consumer issues, government regulations, global factors, major industry news highlights, major earnings and profit reports, major mergers and acquisitions, and our exclusive industry SWOT analysis (industry internal strengths, internal weaknesses, external opportunities and external threats). Along with the trend analysis, quantitative data includes five-year trends (2007-2011) on number of establishments, industry and number of employees. This data is developed through Trendology's economic model using regression analysis based on historical industry trend data. Forecasts are available for 2011. Quantitative data for current year 2010 is provided for the U.S., 50 U.S. states, and 900 metro areas. The report also lists up to ten of the industry's major players, their current sales and stock symbol (for public companies). Color charts and graphs run throughout the report to highlight trends and are ready for presentations and displays. Links to Internet sources in the report are useful for additional research and data gathering.
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Trendology Research is a leading market research company that publishes hundreds of the largest U.S. industry reports annually. Our reports provide timely, accurate written analysis on industry trends and essential industry statistics. Featuring description color charts and graphs, our reports are ready-to-use for presentations and business plans. Trendology also publishes summary printed reports especially designed for researchers and libraries as one-stop reference sources for the largest U.S. industries.