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• E-commerce insights company Edge by Ascential is out with a study saying that "discount and convenience stores in the U.S. are projected to grow faster than all other offline retail channels over the next five years, reflecting consumers' increased focus on price and speed, even if it means more limited assortment."

According to the study, "Non-food discount, food discount and convenience stores are all projected for annual growth rates above 5 percent, whereas all other offline retailers, aside from membership club stores, are projected at annual growth rates of 3 percent or below. Convenience stores are projected for the highest growth at 5.4 percent, with discount and non-food discount stores projected at 5.3 percent and 5 percent, respectively."

It goes on: "The forecast seems to reflect broader economic trends. While paychecks remain relatively steady with unemployment continuing at historic lows, wages remain stagnant for many workers, placing increased sensitivity on overall value."
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