Convenience stores cut 2,000 jobs over the past 12 months as rising labour costs and intense price competition from large supermarkets squeeze margins. Sales and investment across the sector have declined, prompting calls for urgent government support amid an extremely challenging year. The number of stores rose slightly to 50,486 while total employment fell from 445,000 to 443,000. The cost of doing business has soared while consumer demand has flatlined. Convenience stores continue to serve communities through diversified products, services, job creation, investment and social roles, with retailers adapting offers to meet differing local needs.
New data by the Association of Convenience Stores (ACS) has revealed that convenience stores have slashed 2,000 jobs over the past 12 months.
This has been an extremely challenging year for local shops as the cost of doing business has risen significantly while sales have stagnated due to fierce competition from discounters, supermarkets and other retailers.
Convenience stores are still right at the heart of communities, more relevant than ever to people's daily lives, and making a positive difference not just through diversified products and services, but as job creators, investors and social hubs. Every community has different needs and our members' greatest asset is being able to adapt their offer to meet those needs.
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