Convenience, mom and pop stores are small, independent, usually family-owned, controlled, and operated businesses that have a minimum amount of employees, have only a small amount of business volume, and are typically not franchised.
Convenience, Mom and Pop Stores Global Market Size
The global convenience, mom and pop stores market was valued at $4102 billion in 2017. Asia Pacific was the largest geographic region accounting for $1153.1 billion or 28.1% of the global market. The USA was the largest country accounting for $827.0 billion or 20.2% of the global convenience, mom and pop stores market.
Convenience, Mom and Pop Stores Global Market Trend
Most of the Convenience, mom and pop stores have adopted digital technologies. Mom-and-pop retailers have started using digital systems for payments through smartphones. Buyers that do not own a smartphone use Unified Payment Interface (UPI) for payments. SMS-based payments are also getting popular among mom-and-pop retailers. The emergence of startups like SnapBizz, XLogix, Stock Wise, FonePaisa and SuperZop has also helped these retailers to create systems to go digital.
The companies covered are 7-Eleven, FamilyMart, Alimentation Couche-Tard, Lawson, and OXXO.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Convenience, Mom and Pop Stores Global Market Segmentation
The convenience, mom and pop stores market is segmented into Convenience Stores, and Mom And Pop Stores.
Convenience Stores comprises establishments known as convenience stores or food marts (except those with fuel pumps) primarily engaged in retailing a limited line of goods that generally includes milk, bread, soda, and snacks.
Mom And Pop Stores comprises establishments known as mom and pop stores (except those with fuel pumps) primarily engaged in retailing a limited line of goods that generally includes milk, bread, soda, and snacks.