After decades of big-box expansion, the retail industry is shifting to smaller stores. In 2015, small format retail categories - drug, dollar and convenience stores - outgrew larger format stores by almost 400%, and now make up a $1 trillion market.
The convenience store industry is fueling this growth. In 2015 alone, in-store sales rose by 5.8% making the $600 billion industry the fastest growing vertical in retail.
Check out our video to learn what factors are driving consumers to convenience stores!