文本描述
Retail Thought Leadership THE CONVENIENCE STORE LANDSCAPE Q1 2022 May 2022Executive Summary Convenience channel growth slowed to 1.7% in the first quarter of 2022, underperforming all other channels in IRI’s coverage. Inflationary pressures and price/mix changes were the biggest drivers of the slowdown. Cigarettes and beer, categories representing 44% of total channel sales, declined substantially in sales dollars and volume. Key Trends ? ? ? The macroeconomic environment continues to be mixed but is trending negative with growing inflation. Consumer sentiment is at its lowest point in 10 years as inflation pinches consumer wallets and consumers fear a long, drawn-out war in Ukraine. Supply constraints have not eased as fast as expected and risk turning worse with the Russia-Ukraine war and new COVID-19 spikes in China. Growth has continued to slow in the convenience channel. Price/mix has increased substantially across all categories in the channel, resulting in steep declines in some of the highest volume categories. ? ? Nonalcoholic beverages, salty snacks and candy grew, helping to make up for declines in other categories. Store brands are a bright spot in the conveni