Summary:
• BGF Retail (282330:KS) and GS Retail (007070:KS) have shown a decline in stock performance.
• Aicel Technologies’ consumer transaction data correlates over 99.4% with KOSIS retail sales.
• The early summer heatwave did not boost the convenience store industry as expected.
• Economic instability continues to affect the sector’s recovery.
• Online consumption trends show increasing frugality, with companies like Coupang (CPNG:US) and Chinese platforms (AliExpress, Temu, SHEIN) gaining traction.
99%+ Correlation between Aicel Technologies and KOSIS Retail Sales
Aicel Technologies’ consumer transaction data for the convenience store sector shows a significant correlation of over 99.4% with retail sales from KOSIS convenience store channels. Despite this strong correlation, recent data from Aicel Technologies indicates a slowdown in the industry’s growth. This trend is mirrored in the weakening performance of stock prices from two major convenience store enterprises, BGF Retail (282330:KS) and GS Retail (007070:KS).
Early Heatwave a Missed Opportunity for the Convenience Store Industry
An early arrival of the summer heatwave this year was expected to provide a boost to the convenience store industry. However, contrary to expectations, the industry has not experienced the anticipated uplift. The sluggish recovery among existing outlets continues to be a predominant issue, with an unstable economic resurgence exacerbating it. Notably, the sales performance among convenience store chains, traditionally strongly correlated to weather patterns, did not follow the usual trend.
Online Consumption Trend and Winners in the Market
Compounding this situation in the convenience store industry are factors such as the increasing frugality observed in online consumption habits. Aicel Technologies’ consumer transaction data allows for constant monitoring of successful entities in the rapidly scaling online channel. Companies such as Coupang (CPNG:US) and Chinese cross-border platforms (AliExpress, Temu, and SHEIN) can be tracked weekly thanks to these regularly updated datasets.
Conclusion: Diminishing Impact of Weather Patterns on Retail Growth
This analysis highlights the diminishing impact of weather patterns on the convenience store industry’s growth, alongside economic instability and shifting consumer behaviors.
The data from Aicel Technologies provides diverse insights, enabling continuous strategic evaluations.
