Recent research in the UK has found that convenience store shopping time is dramatically less than is spent within a grocery store. A major reason for the trend is an increased patronage in convenience store shopping led by post-millennials. This demographic is often cited as valuing convenience and speed over price. Australian industry leaders also hope to learn from the UK convenience shopping data and hope to apply the data to increase Australian convenience store sales.
Key Takeaways:
- Stores that put their customers first have a stronger outlook than do stores who do don’t
- Consumers are looking to save time. They are willing to pay more if they can save time.
- Post millennials prefer to go to their local convenience store even if it costs more than other options.
“According to the Australasian Association of Convenience Stores (AACS) 2016 State of the Industry Report, the convenience industry grew 4.5% in 2016 and is currently worth $8.3 billon.”
Read more: http://c-store.com.au/2017/05/25/uk-convenience-shop-takes-half-time/
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