Malaysia Convenience Store Witnessing Tremendous Growth
"Rapid expansion plans of major convenience stores in Malaysia such as 7-Eleven and 99 Speed Mart are expected to drive the market." says RNCOS
As a part of strategy, these stores have longer working hours. Also, as per the latest research report by RNCOS, the online retailing is helping key players in increasing the sales as consumer behavior is shifting towards e-commerce. The consumer behavior has forced the key retailers to provide the e-commerce platform to the consumers for their needs.
The report "Malaysia Convenience Store Market Outlook 2022" provides a comprehensive view; an in-depth study of convenience stores in the country has been conducted. The analysts have come across the fact that the consumer preference is now shifting towards packaged foods as per the changing lifestyle and needs of the consumers. Also, the snacking behavior of the consumers at their work stations as well as late night consumption is helping the convenience stores to boom.
Further, through the section of competitive landscape, we have tried to provide the insight of current scenario of multinational corporations operating in the retail industry. On the other hand, the player's of the convenience store are constantly looking for ways to improve their operating efficiencies by IT enabled devices in the stores to maintain the customer trust. It also signifies the good growth of the convenience stores sales in the country.
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