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How Customers View Your Store
By Terry Lambert
New research offers insights into tweaks you can make to match shopping behavior
Men and younger consumers (those under the age of 25) are dominant c-store shoppers and, according to the newest research from Mintel, more than half visit a convenience store at least once a week. This same group also spends the most on non-gasoline items. To make the most of younger and male customers, focus on ways to encourage them to buy a greater range of products, such as bundling items. The Mintel report notes that younger shoppers are "willing to experiment and purchase a great range of items at c-stores." Stores that successfully get these young males to start purchasing different kinds of items will win, as these consumers find more reasons to stop and shop. Frequent Shopper Dos
You can increase the likelihood that these customers keep purchasing food and drinks by following these important dos:
Tap Into ATM Users
Stores serving low-income consumers (those with annual incomes less than $25,000) should also consider offering related financial services, since those consumers report they entrust a variety of financial transactions to c-stores. That includes wire service money transfers and applying for a store-specific debit card.
Mintel reports that interest in c-store-issued debit cards and reward programs is strong among c-store shoppers with household incomes less than $25,000, males and those under 45. "Lower-income and younger consumers are less likely to have developed relationships with traditional banks and are open to receiving basic financial services from convenient retail providers," the report states. So, consider your store's primary customer base and set a goal for yourself of applying one of Mintel's findings to benefit your business. Terry Lambert is an instructor for the CBC Learning Center and a c-store owner. Editor's Note: The opinions expressed in this article are the author's and do not necessarily reflect the views of Convenience Store News for the Single Store Owner. |
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