It’s back to the barricades once again for the convenience store industry, which—as in the past—is being targeted by environmental special interest groups and revenue-hungry legislators. This time they’re focusing on bottled water containers. Bottled water remains a tremendously popular and trendy product category, which is just what attracted the attention of these two groups…
7-Eleven Embraces Nutritional Snacks
At a time of year when people are focused on health and fitness, 7-Eleven Inc. is adding three more sensible snacks for the “on-the-go” crowd–Weight Watchers snack cakes and muffins, LARABAR all-natural raw food bars and, in March, its own proprietary MEGA protein bars. Approximately half of all Americans entered 2008 resolved to do something:…
A [Private] Affair
More. That’s what convenience store customers can expect to see of private-label brands–and what convenience store operators need to do in order to make those brands successful. The costs are too low, opportunities to build brand equity and loyalty too high, quality is rising too quickly and the benefits are too numerous for retailers with…
Private Label Case Study: Tesco
Jim Hertel, the senior vice president of retail consultant Willard Bishop, spotlights international retailer Tesco PLC’s Fresh & Easy concept, which at presstime had been rolled into eight stores in Phoenix, with 26 more planned. Hertel noted that Tesco’s use of private label brands "turns a lot of conventional wisdom upside down. Many food retailers…
It’s All About New
Frequent new product launches have become de rigueur in the world of retailing, with customers expecting new product introductions on a regular basis. “Convenience customers love new items,” said Bill Tencza, senior category manager at Quick Chek, a chain with more than 100 stores in New Jersey and Southern New York. “And our customers look…
Making It in the Marketplace
Driving business with new products is hardly a novel idea, but it’s also one that convenience store retailers rarely use to their advantage, said David Bishop, a partner with research and consulting firm Willard Bishop in Barrington, Ill. When retailers actively participate in the process of bringing a new product to the marketplace by helping…
Building New Relationships
Anyone who’s been in the industry as long as Dennis Lane is more than supremely qualified to help other retailers cope successfully with the changing c-store landscape. Lane—who was elected last November to head the 2,000-member National Coalition of 7-Eleven Franchise Owners Association after serving for the past several years as vice chair of merchandising…
Identifying More Effective Profit-Building Strategies
“In a business like cigars, where unit volume is growing 10% plus year-over-year, emerging strategic thinking in convenience retail suggests that retailers can grow even faster by employing a “price-for-volume” strategy for key products.” David Bishop, partner, Willard Bishop This summer, we examined how convenience retailers could manage the cigar category differently to realize above-market…
ten ways to help your employees get it done every day
Companies frequently develop vision and mission statements about being number one in their industry, the great service they provide to customers, and their rewarding work environment. Yet more often than not, these statements are so far from reality that they become joke fodder for customers and employees alike. It doesn’t have to be this way,…
indulging new demographics
Research by Mars Snackfood U.S. shows retailers can attract a broader base of consumers with an emphasis on new and premium products. The female customer today makes approximately 85% of allconsumer purchases, so it’s no wonder that convenience storeowners are among the many retailers eager to cater to thisemerging customer base. Traditionally focused on male…
