
July 26th 2021 | Retail Insights | Retail News | Retailers React!
Our survey amongst the Independent convenience store community across the UK last week has shown that they are being seriously impacted by the so-called “pingdemic.”
Read MoreWhat should independent c-stores be selling more of to grow footfall and revenue?
Tobacco used to be the number one footfall driver in most of the convenience stores, especially CTNs and standalone rural shops that provided communities with almost everything they needed to run their daily lives. Since the covering up of tobacco gantries in April 2016, and especially following the introduction of minimum pack sizes for Cigarettes and RYO Tobacco in May 2017, tobacco footfall has fallen significantly because smokers do not need to come in as often as they used to in order to get their smoking supplies.
Despite the sharp fall in tobacco footfall (-36% YOY 2016/18), independent convenience stores may be starting to see light at the end of the tunnel. What is the source of the light? What are the traditional / new categories that are taking the place of tobacco as footfall and revenue drivers? What should independent c-stores be selling more of to grow footfall and revenue?
We have reviewed footfall (basket count) and value sales of 63 product categories sold by most of our stores. Photographic Services, Vaping and Alcoholic Ready-to-Drink Pre-mixes are the top three fastest growing categories, but Greeting Cards, Arts and Crafts and Cakes surprised us by being in the top ten as well. Some categories, such as Flowers, Fresh Fruit & Veg, and Electronics Goods had little impact on footfall, but their sales are in double digit growth, contributing to stores’ profitability.
July 26th 2021 | Retail Insights | Retail News | Retailers React!
Our survey amongst the Independent convenience store community across the UK last week has shown that they are being seriously impacted by the so-called “pingdemic.”
Read MoreJuly 19th 2021 | Retail Insights
The excitement of the Euros has dissipated for football fans but at the end of the day, it’s all about the results… till results! Did UK convenience stores stick it in the netted shopping bag?
Read MoreMay 27th 2021 | Retail Insights
The Summer months are cautiously approaching -whilst Summer 2020 was spent at home, 2021 feels like it might be spent outside – this time with friends and family.
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