Convenience Store Market in Malaysia is growing at a CAGR of 2.5% during 2014-2020
The modern retail outlets are replacing the traditional unorganized retail outlets in Malaysia as the better wealth and lifestyles have increased the demand for quality goods, services, as well as more conducive retail environment. Penetration of modern grocery retail in the country has risen. Stores network expansion and improving operating efficiencies continue to be a theme in the country grocery retailers. Convenience stores offer speed of service to time-starved consumers, who want to get in and out of the store quickly. These shoppers recognize this channel of trade for its convenient locations, extended hours of operation, one-stop shopping, grab-and-go food service, variety of merchandise, and fast transactions. The key players offer the services to their customer as per consumer behavior, and have a meaningful number of stores countrywide to exploit growth going forward. Request a F