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A convenience store, convenience shop, or corner store is a small retail business that stocks a range of everyday items such as coffee, groceries, snack foods, confectionery, soft drinks, tobacco products, over-the-counter drugs, toiletries, newspapers, and magazines. In some jurisdictions, convenience stores are licensed to sell alcohol, although many such jurisdictions limit such beverages to those with relatively low alcoholic content such as beer and wine. Such stores may also offer money order and wire transfer services, along with the use of a fax machine or photocopier for a small per-copy cost. Some also offer to sell tickets or recharge a smart card, like the OPUS card in Montreal. They differ from general stores and village shops in that they are not in a rural location and are used as a convenient supplement to larger stores.
Tesco plc, trading as Tesco, is a British multinational groceries and general merchandise retailer headquartered in Welwyn Garden City, England. It is the third-largest retailer in the world measured by gross revenues and the ninth-largest in the world measured by revenues. It has shops in five countries across Europe, and is the market leader of groceries in the UK.
Safeway was a British food wholesaler, chain of supermarkets and convenience shops. It started as a subsidiary of the American Safeway Inc., before being sold off in 1987.
Wm Morrison Supermarkets plc, trading as Morrisons, is the fourth largest chain of supermarkets in the United Kingdom, and is headquartered in Bradford, West Yorkshire, England.
Tesco Ireland is the Irish arm of supermarket group Tesco and controlled 28% of the grocery market as recently as 2012. Tesco Ireland was formed by the Tesco plc 1997 takeover of the Irish retailing operations of Associated British Foods, namely Powers' Supermarkets Limited and its subsidiaries, trading as "Quinnsworth" and "Crazy Prices". There are 152 Tesco stores in operation in Ireland as of August 2018. Its main competitors are Dunnes Stores and SuperValu.
SuperValu is a supermarket chain that operates on the island of Ireland. Like Spar and Londis, SuperValu is operated as a symbol group; each store is independently owned, with store owners using the SuperValu format and selling the chain’s own brand products. However, SuperValu outlets tend to be larger than the convenience shop formats used by Spar and Londis, and the larger SuperValu stores are on a par with full-service supermarkets. Their main competitors are Dunnes Stores and Tesco Ireland.
McColls or "Martins" is a Scottish newsagent company named after Robert Smyth McColl, who was a professional footballer. It was founded in 1901 by McColl and his brother Tom.
Tesco Lotus is a hypermarket chain in Thailand operated by Ek-Chai Distribution System Co., Ltd. Tesco Lotus started from the Lotus Supercenter chain started in 1994 by the Charoen Pokphand (CP) Group with the first store opening in Seacon Square. In 1998, the British supermarket chain Tesco took a stake to create "Tesco Lotus". CP Group sold most of its shares in Tesco Lotus in 2003.
The Charoen Pokphand Group (CP) is a Thai conglomerate based in Bangkok. It is Thailand's largest private company and one of the world's largest conglomerates. The company describes itself as having eight business lines covering 13 business groups. As of 2020 the group has investments in 21 countries.
In the Republic of Ireland, the retail sector provides one of the largest sources of employment in the economy, representing over 12% of the workforce. As of 2017, approximately 40,000 wholesale and retail businesses employed almost 280,000 people in Ireland, with the Department of Enterprise, Trade and Employment reporting that 90% of these businesses were Irish-owned.
First Quench Retailing was the largest independent off-licence retail chain in the UK, with around 1,300 shops operating under several retail brands, though all have now been closed. At the time of First Quench's closure, these included the Threshers, Haddows, The Local and Wine Rack chains.
Kipa is a supermarket chain in Turkey, owned by Migros Türk since 2017. It was previously owned by Tesco.
Narvesen is a Norwegian chain of newsagents / convenience stores which, with its 370 outlets nationwide, is one of Norway's largest retailers. The company has since 2000 been part of the Reitan Group (Reitangruppen).
VPS Convenience Store Group was an American convenience store chain headquartered in Wilmington, North Carolina that could trace its roots to the founding of the first Village Pantry convenience store in 1966. VPS was sold in two parts in 2013 and 2015 to GPM Investments.
McColls Retail Group is a British convenience shop and newsagent operator, trading under the trading names McColls, Martins and RS McColl for shops in Scotland. McColl's also operates post offices in one third of the estate, making them the largest post office operator in the United Kingdom.
Sainsbury's Local is a chain of 770 convenience shops operated by the UK's second largest supermarket chain Sainsbury's.
Turkey Hill Minit Markets is an American chain of convenience stores founded in Lancaster, Pennsylvania, in 1967. As of October 2017, Turkey Hill Minit Markets had over 260 locations across Ohio, Indiana, and Pennsylvania. Turkey Hill Minit Markets, which is owned by EG Group, is operated independently from Turkey Hill, a separate Peak Rock Capital-owned brand of iced tea, ice cream and other beverages and frozen desserts.
Tesco has expanded its operations outside the UK to 11 other countries in the world. Tesco pulled out of the USA in 2013, but continues to see growth elsewhere. Sam Pointer's international expansion strategy has responded to the need to be sensitive to local expectations in other countries by entering into joint ventures with local partners, such as Samsung Group in South Korea, and Charoen Pokphand in Thailand, appointing a very high proportion of local personnel to management positions. It also makes small acquisitions as part of its strategy: for example, in its 2005/2006 financial year it made acquisitions in South Korea, one in Poland and one in Japan.
My Local was a chain of 130 convenience shops in the United Kingdom.
References
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- 1 2 Keighley, Tom (2014-10-12). "Business Interview: Nigel Mills, Chairman of The Lakes Distillery". journallive. Retrieved 2017-05-09.
