[Ranking] TOP 21 Convenience Stores / Retail Companies Q3/2023
Intro
Convenience stores are a crucial component of the global retail industry, serving as a cornerstone for consumers' everyday needs. These stores offer a wide range of products, from snacks and beverages to household items and personal care products, providing convenience and accessibility to customers.
The convenience store industry has a profound influence on various sectors, including food and beverage, tobacco, and automotive. It plays a vital role in the distribution and retailing of these products, impacting the entire supply chain and contributing significantly to the overall economy.
With a market size of billions of dollars, the convenience store industry is experiencing a steady upward trajectory. The demand for convenience and on-the-go shopping experiences has driven the growth of this sector, as consumers value quick and efficient access to essential products.
Recent trends in the convenience store industry include the adoption of digital technology to enhance customer experiences, the expansion of healthier food options to cater to changing consumer preferences, and the integration of online ordering and delivery services. However, obstacles such as increasing competition and rising operational costs pose challenges for companies in this sub-industry.
The convenience store industry is constantly evolving to meet the changing needs and preferences of consumers. This dynamic landscape, driven by advancements in technology, shifting consumer behaviors, and emerging market trends, sets the context for exploring the top companies in the convenience store sub-industry.
Ranking
#21 ExxonMobil
Employees: 10K
Revenue: 500M$
Website: https://www.exxonmobil.com
Description: ExxonMobil, headquartered in Irving, United States, is a leading player in the retail industry, specifically in the Convenience Stores sector. The company operates a network of convenience stores across North America, providing a wide range of products to customers. With a focus on customer convenience, ExxonMobil convenience stores offer fuel, snacks, beverages, groceries, and other essential items. The company was founded in 1999 and currently employs approximately 10,000 employees. With an annual revenue of 500 million dollars, ExxonMobil's convenience stores contribute significantly to the retail sector's growth and offer convenient options to consumers in the North American market.
#20 FamilyMart
Employees: 100K
Revenue: 10B$
Website: https://www.family.co.jp/
Description: FamilyMart, headquartered in Tokyo, Japan, is a leading player in the Convenience Stores industry. Founded in 1973, the company operates a vast network of convenience stores across Asia. With approximately 100,000 employees, FamilyMart offers a wide range of products and services including groceries, ready-to-eat meals, snacks, beverages, and household items. The company's revenue stands at around 10 billion dollars. FamilyMart's commitment to convenience and customer satisfaction has made it a popular choice among consumers in the region.
#19 Lawson
Employees: 20K
Revenue: 10B$
Website: https://www.lawson.jp/
Description: Lawson is a prominent player in the Convenience Stores industry, headquartered in Tokyo, Japan. Established in 1975, the company has a workforce of approximately 20,000 employees. With an annual revenue of around 10 billion US dollars, Lawson operates a vast network of convenience stores across Asia. The company offers a wide range of products and services, including groceries, beverages, snacks, ready-to-eat meals, and various daily necessities. Lawson focuses on providing convenient shopping experiences to its customers by ensuring well-stocked stores, efficient service, and strategic locations. With its strong presence in the retail industry, Lawson continues to expand its footprint and maintain its position as a leading convenience store operator.
#18 Circle K
Employees: 80K
Revenue: 20B$
Website: https://www.circlek.com/
Description: Circle K, a convenience store chain operating in the Retail industry, is headquartered in Tempe, United States. Founded in 1951, the company has grown to employ approximately 80,000 individuals. With an estimated revenue of 20 billion dollars, Circle K has established itself as a prominent player in the convenience store market. The company's stores offer a wide range of products and services, including snacks, beverages, fuel, and basic grocery items. Circle K aims to provide convenience and quality to its customers, with a focus on creating a hassle-free shopping experience. With its extensive network of stores across North America, Circle K continues to serve as a go-to destination for consumers seeking convenience and everyday necessities.
#17 7-Eleven
Employees: 45K
Revenue: 34B$
Website: https://www.7-eleven.com/
Description: 7-Eleven is a prominent player in the Convenience Stores industry. With its headquarters in Dallas, United States, 7-Eleven operates as a global chain of franchised convenience stores. The company was founded in 1927 and has since become a household name for its convenient locations and diverse product offerings. 7-Eleven employs approximately 45,000 individuals worldwide, contributing to its annual revenue of 34 billion dollars. As a leader in the industry, 7-Eleven continually adapts to changing consumer needs and trends, providing a wide range of products such as snacks, beverages, groceries, and household items. With its extensive network of stores, 7-Eleven continues to serve customers in North America and across the globe, offering convenience and accessibility to millions of people.
#16 CNOOC
Employees: 20K
Revenue: 35B$
Website: https://www.cnooc.com.cn
Description: CNOOC, headquartered in Beijing, China, is a major player in the retail industry, specifically in the convenience stores sector. Founded in 1982, CNOOC operates a vast network of convenience stores across China, providing a wide range of products and services to customers. With approximately 20,000 employees, CNOOC is committed to delivering exceptional customer experiences and maintaining a strong presence in the retail market. The company's revenue stands at around 35 billion US dollars, reflecting its significant market share and successful operations. CNOOC's convenience stores offer convenient and accessible shopping options for consumers, contributing to the overall growth and development of the retail industry in China.
#15 Repsol
Employees: 90K
Revenue: 45B$
Website: https://www.repsol.com
Description: Repsol, headquartered in Madrid, Spain, is a prominent player in the Convenience Stores industry. With a history dating back to 1987, the company has established itself as a leading provider of retail services in the European market. Repsol operates a vast network of convenience stores across Europe, offering a wide range of products to consumers. The company's convenience stores are known for their strategic locations, providing easy access to customers. Repsol's commitment to quality and customer satisfaction has contributed to its success in the industry. With a workforce of approximately 90,000 employees, Repsol generates an impressive annual revenue of 45 billion dollars, solidifying its position as a major player in the convenience store sector.
#14 Equinor
Employees: 22K
Revenue: 63B$
Website: https://www.equinor.com
Description: Equinor, headquartered in Stavanger, Norway, is a major player in the convenience store industry. Founded in 1972, Equinor operates a network of convenience stores across Europe, offering a wide range of products and services to customers. With a workforce of approximately 22,000 employees, Equinor is committed to providing exceptional convenience store experiences to its customers. The company generates impressive annual revenue of 63 billion dollars, solidifying its position as a key player in the retail industry. Equinor's dedication to customer satisfaction and its innovative approach to convenience store operations sets it apart in the market, making it a leader in the industry.
#13 Eni
Employees: 21K
Revenue: 71B$
Website: https://www.eni.com
Description: Eni is a multinational oil and gas company headquartered in Houston, United States. With operations in the Convenience Stores industry, Eni has established itself as a major player in the retail sector. The company was founded in 1953 and currently employs approximately 21,000 people worldwide. Eni generates a revenue of around 71 billion dollars, making it one of the leading companies in the industry. Through its convenience stores, Eni provides a wide range of products and services to customers, including fuel, snacks, beverages, and other convenience items. The company's commitment to quality and customer satisfaction has contributed to its success in the retail market.
#12 Petrobras
Employees: 46K
Revenue: 71B$
Website: https://www.petrobras.com.br
Description: Petrobras, headquartered in Rio de Janeiro, Brazil, is a major player in the Convenience Stores industry. Founded in 1953, the company has grown to employ approximately 46,000 people. With a revenue of 71 billion dollars, Petrobras operates convenience stores that cater to the retail sector. These convenience stores offer a wide range of products and services, including fuel, snacks, beverages, and various household items. Petrobras is committed to providing customers with a seamless and convenient shopping experience, ensuring that their stores are well-stocked, clean, and accessible. With its strong presence in the retail sector, Petrobras continues to serve as a leading provider of convenience store services in Brazil and beyond.
#11 Phillips 66
Employees: 14K
Revenue: 108B$
Website: https://www.phillips66.com
Description: Phillips 66, headquartered in Houston, United States, is a leading player in the Convenience Stores industry. With a rich history dating back to 1917, the company operates a vast network of convenience stores across North America. These stores offer a wide range of products and services, including fuel, snacks, beverages, and other essential items. Phillips 66 aims to provide a convenient and seamless shopping experience for its customers, with a focus on quality, affordability, and customer satisfaction. With a workforce of approximately 14,000 employees, the company generates significant revenue, amounting to 108 billion dollars. Through its extensive presence in the convenience store sector, Phillips 66 continues to cater to the needs of consumers in the retail industry.
#10 Valero Energy
Employees: 10.5K
Revenue: 110B$
Website: https://www.valero.com
Description: Valero Energy is a leading company in the Convenience Stores industry. Headquartered in San Antonio, United States, Valero operates a vast network of convenience stores across North America. With a history dating back to 1980, the company has established itself as a key player in the retail sector. Valero Energy employs approximately 10.5 thousand dedicated individuals who contribute to the success of the company. Generating impressive revenue of 110 billion dollars, Valero is known for its commitment to providing convenient services and products to customers in the retail industry.
#9 Marathon Petroleum
Employees: 60K
Revenue: 123B$
Website: https://www.marathonpetroleum.com
Description: Marathon Petroleum, headquartered in Findlay, United States, is a leading player in the Convenience Stores industry. With a history dating back to 1887, the company has established itself as a prominent name in the retail sector. With approximately 60,000 employees, Marathon Petroleum operates convenience stores across North America, offering a wide range of products and services to customers. The company focuses on delivering convenience, quality, and value through its retail outlets, providing a one-stop solution for customers' everyday needs. With a robust presence and extensive network, Marathon Petroleum generates an impressive revenue of 123 billion dollars, reflecting its strong performance and market position.
#8 Lukoil
Employees: 100K
Revenue: 140B$
Website: https://www.lukoil.com
Description: Lukoil, a Russian multinational energy corporation, operates in the convenience stores industry within the retail sector. Headquartered in Moscow, Russia, Lukoil was founded in 1991. With approximately 100,000 employees, Lukoil generates a revenue of 140 billion US dollars. The company's convenience stores offer a range of products and services including fuel, automotive products, snacks, beverages, and other convenience items. Lukoil's retail locations provide customers with convenient access to essential goods and services, particularly in the energy sector. With its extensive network of convenience stores, Lukoil aims to meet the needs of consumers and enhance their overall shopping experience.
#7 Chevron
Employees: 48K
Revenue: 142B$
Website: https://www.chevron.com
Description: Chevron, headquartered in San Ramon, United States, is a major player in the Convenience Stores industry. With a history dating back to 1879, the company has established itself as a leading retailer in the retail sector. Chevron operates a vast network of convenience stores across North America, providing customers with a wide range of products and services. The company's convenience stores offer various amenities such as fuel stations, food and beverage options, automotive services, and convenience items. With approximately 48,000 employees, Chevron generates significant revenue of 142 billion dollars, making it a key player in the retail industry.
#6 Total
Employees: 105K
Revenue: 171B$
Website: https://www.total.com/
Description: Total, headquartered in Paris, France, is a major player in the Convenience Stores industry. With a history dating back to 1924, the company has established itself as a leading provider of retail services in Europe. Total operates a vast network of convenience stores across the continent, offering a wide range of products and services to meet the needs of its customers. The company's convenience stores are known for their convenient locations, well-stocked shelves, and competitive pricing. With a workforce of approximately 105,000 employees, Total is committed to delivering exceptional customer service and ensuring a seamless shopping experience for its patrons. In 2020, the company reported a revenue of 171 billion dollars, solidifying its position as one of the industry's top performers.
#5 BP
Employees: 70K
Revenue: 280B$
Website: https://www.bp.com
Description: BP, headquartered in London, United Kingdom, is a major player in the convenience store industry within the retail sector. Founded in 1909, the company operates numerous convenience stores across Europe, offering a wide range of products and services to meet the needs of customers on-the-go. With approximately 70,000 employees, BP's convenience stores provide a convenient shopping experience for customers, combining quality products and quick service. The company's convenience stores generate substantial revenue, reaching an impressive 280 billion dollars annually. With a strong presence and a focus on customer satisfaction, BP continues to thrive in the competitive convenience store market.
#4 Shell
Employees: 82K
Revenue: 311B$
Website: https://www.shell.us/
Description: Shell is a global energy company that operates in the convenience store industry under its retail segment. Headquartered in Houston, United States, Shell is one of the largest oil companies in the world. With a history dating back to 1907, the company has established a strong presence in the retail sector, operating convenience stores across various locations. Shell's retail business offers a range of products and services including fuel, snacks, beverages, car accessories, and more. The company's convenience stores provide customers with a convenient shopping experience, catering to their immediate needs while they refuel their vehicles. With a vast network of stores and a commitment to customer satisfaction, Shell continues to be a prominent player in the convenience store industry.
#3 Royal Dutch Shell
Employees: 90K
Revenue: 311B$
Website: https://www.shell.com/
Description: Royal Dutch Shell, headquartered in The Hague, Netherlands, is a multinational company operating in the convenience stores industry within the retail sector. Founded in 1907, Shell has grown to become one of the largest oil and gas companies globally. With approximately 90,000 employees, Shell operates convenience stores worldwide, offering a range of products including fuels, lubricants, snacks, beverages, and automotive accessories. The company leverages its extensive network of convenience stores to provide customers with a convenient and reliable shopping experience. Shell's convenience stores often feature partnerships with popular food and beverage brands, enhancing the offerings available to customers. With a revenue of 311 billion dollars, Shell's convenience stores contribute significantly to the company's overall financial performance.
#2 PetroChina
Employees: 1.2M
Revenue: 363B$
Website: https://www.petrochina.com.cn
Description: PetroChina, headquartered in Beijing, China, is a major player in the convenience store industry. Founded in 1999, the company operates a large network of convenience stores across the country. With over 1.2 million employees, PetroChina serves millions of customers daily, providing a wide range of retail products and services. The company's convenience stores offer a diverse selection of goods including snacks, beverages, household items, and automotive products. PetroChina's commitment to customer satisfaction and convenience has made it a leading name in the retail industry. With annual revenue of 363 billion dollars, PetroChina continues to expand its presence in the convenience store market, catering to the needs of consumers across China.
#1 Sinopec
Employees: 1.2M
Revenue: 500B$
Website: https://www.sinopec.com/
Description: Sinopec, headquartered in Beijing, China, is a major player in the Convenience Stores industry within the Retail sector. Founded in 2000, Sinopec operates a vast network of convenience stores across China, offering a wide range of products and services to its customers. With approximately 1.2 million employees, the company serves a significant customer base and generates substantial revenue. Sinopec's convenience stores provide a convenient and accessible shopping experience, offering various consumer goods, including food and beverages, household products, personal care items, and automotive supplies. The company's commitment to customer satisfaction and its extensive retail presence have contributed to its success in the Convenience Stores industry.
Summary
The sub-industry of Convenience Stores within the Retail sector has seen significant growth in recent years, with several leading companies emerging as key players in the market. These companies have achieved remarkable success and have been recognized for their accomplishments.
One unexpected finding is the increasing focus on healthy and organic products in convenience stores. As consumers become more health-conscious, convenience store chains have started offering a wider range of nutritious options. This shift in consumer demand has been a key driver for the success of some of the top companies in this sub-industry.
Among the premier companies in the Convenience Stores sub-industry are ABC Company, XYZ Corporation, and DEF Inc. These companies have distinguished themselves through their consistent growth and innovative approaches to convenience retailing.
One common element shared by these leading firms is their focus on technology and digital innovation. They have invested heavily in developing user-friendly mobile apps, online ordering systems, and loyalty programs to enhance the convenience store shopping experience. By leveraging technology, these companies have been able to attract and retain customers in an increasingly competitive market.
What sets these eminent companies apart from their industry rivals is their commitment to customer service and personalized experiences. They have implemented strategies to ensure that each customer feels valued and satisfied with their shopping experience. This includes providing friendly and knowledgeable staff, offering customized product recommendations, and creating a welcoming atmosphere in their stores.