Alex has been a staple in our community since we moved to our new location in 2006. His convenience store operates much like any other — his gas prices usually follow the swings of the market. But when it comes to diesel, Alex’s pricing strategy takes an interesting turn. He charges significantly more for diesel…
How AI Is Set to Transform Retail
The history of mankind is generally divided into different eras based on significant events and changes in human civilization. The exact number and names of these eras can vary depending on the source, but some commonly recognized eras are: Paleolithic Era, Neolithic Era, Bronze Age, Iron Age, Middle Ages, Renaissance, Industrial Revolution and the Information…
How AI Can Help Build a Profitable C-Store Business
As artificial intelligence (AI) has become available for convenience retailers to implement in their businesses, it allows us to visualize our products as a team of machines, synchronized to drive profits through stores. In today’s market, convenience stores and other retailers are increasingly looking for ways to leverage technology for improved customer experience and cost…
Five Ways AI is Transforming C-Store Retailing
Artificial intelligence (AI) is revolutionizing the convenience retail industry, providing new opportunities for retailers to streamline operations and enhance customer experiences. Here are five key examples of how AI is transforming this sector: Inventory Management: With AI-powered inventory management systems, retailers can accurately track stock levels, predict demand and prevent out-of-stock situations. AI algorithms can…
Why C-Stores Will Be Great Beneficiaries of Artificial Intelligence
In today’s world, the retail industry has become more complex and diversified than ever before. With emerging technologies like artificial intelligence (AI), businesses are getting the opportunity to streamline their operations and offer better services to their customers. One industry that stands to benefit significantly from AI is the convenience store sector. Due to the…
New Analysis of Fuel Sales in Our Area
The events that occurred in the stock market on April 10 caused me to create an updated fuel sales chart from retail convenience stores in our area. I suspect it is representative of convenience stores across the United States. To read the chart: the vertical axis is dollars (orange line), and gallons (blue line) for…