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Symbol Groups To Make Up Half Of UK Convenience Sales By 2020

According to the latest research from the UK's Institute of Grocery Distribution (IGD), symbol-group operators such as Budgens and Costcutter now account for 40% of UK convenience-store sales. 

IGD predicts that by 2020 they will account for half of all convenience sales. Symbol-group stores currently generate £13.6 billion in sales, which is nearly three times the total that they delivered in 2002. 

According to Joanne Denney-Finch, CEO of IGD [pictured], "The convenience channel as a whole goes from strength to strength. We are forecasting it to grow by 29% over the next five years, compared to 18% for the overall UK grocery market." 

The total UK convenience market is currently worth around £34 billion, and IGD forecasts it to increase to £44 billion by 2017.

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