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

By Publications Checkout
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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