What is the perfect convenience store for you?
It is located right close to your home, works 24/7, there are no queues, but are alternative payment methods, promotions, personalized loyalty programs instead, store's service is client-oriented, while assortment seems like chosen especially for you…
After all, the perfect convenience store will be different for everyone. However, one thing remains unchanged: convenience store is becoming the world's most popular retail format.
It provides customers with the obvious advantages, not always available for large retail formats — speed and seamless convenience.
Are small convenience stores really becoming the most popular retail format? The answer is yes. This trend today is observed worldwide. There are a few reasons for this.
First of all, large stores like hypermarkets and supermarkets saturate the market very rapidly. One such retail space is enough for an entire district or even a small town.
The second reason is related to the global challenge of modernity — the growing intensity and speed of life. People have a lack of free time, including for trips to large shops, which are usually located on the outskirts. Today, most non-food products we buy online, while a trip to a hypermarket to buy food often seems like an unjustified luxury. Therefore, modern convenience stores are taking over the baton, offering customers the same products, emotions, and level of service, but right next to the house.
However, the future of retail does not fit into one format. There will harmoniously coexist large and small retail spaces, local manufacturers and global corporations, e-commerce, and fast delivery.
