Convenience retail to add '£6.3bn in five years' as headwinds mount

UK convenience retail is set to grow by £6.3 billion over the next five years, but tobacco decline, tougher regulation and intensifying competition from discounters and online shopping will make growth increasingly difficult, according to new IGD analysis. According to a report by IGD on Wednesday (Aug 19), the convenience channel is forecast to grow at a 2.5% CAGR between 2026 and 2031, slower…