Self-serve pizza sales are on the rise. This is good news for convenience store owners! While offering a selection of ready-made pizza does take a little more prep work and space, the profitability is unparalleled.
Wow, it’s August already! It seems like only yesterday we were writing about how to manage inventory for the summer. In actuality, that article appeared on May 5th, a whole three months ago. In this business, time flies. As the dog days of summer are upon us, it isn’t too early to start taking a look at the future, and preparing your store for autumn.
Here’s a little insider information: lottery sales are a big revenue generator for c-stores and gas stations alike. Shocking, right? For most stores, lottery sales represent between 10%-15% of their total sales. That’s a pretty big number, considering the average commission on winning tickets is around 6%.
For some stores, that percentage of sales is even higher. Which is why there’s good news on the horizon for lottery retailers, especially in the Big Apple.
They say “if it isn’t broken, don’t fix it.” That strategy has served McDonald’s for a long time. But as the world changes, and customer demands evolve; even the fast food giant has to sit up and take notice. To that end, McDonald’s is modernizing its service.
Businesses of all types thrive on a present and attentive workforce. In the service and retail industry, however, managing staff can be a challenge. Unfortunately, your C-store is both! Whether helping customers to purchase lottery tickets, or managing a morning rush: your staff is important to your bottom line.
However, the industry is prone to suffering from last-minute staff cancellations.
One demographic that often gets missed in the convenience store world is the college crowd. Often looked over due to misnomers about a “lack of disposable income,” students are large contributors to the success of convenience stores within proximity to their dorms and apartments.
Let’s face it: there are a lot of moving parts when it comes to running a convenience store. Between all the vendors, distributors, and various company reps, sometimes it’s amazing that you find time to do anything else.
Navigating the challenges of working with suppliers and distributors can be an exercise in futility. However, they don’t have to be. Here are some ways you can manage these tasks effectively, and keep your sanity in check!
With so many different brands of gas to choose from, how does a fuel consumer choose one? While many people swear by the quality of the gas from their preferred fuel retailer, does it really make any difference? Are you really “shopping local” by purchasing your gas from “Dave’s Gas” up the road?
If you’re thinking of getting into the gas station game; read on and discover how fuel retail works, an the difference between unbranded and branded gas stations.
Sadly, Instagram marketing is an overlooked aspect of retail store management. Do customers really care what your store is up to? After all, feeds from corporate chains aren’t exactly inspiring.
For small to medium sized retail shops, customer engagement can be the difference you’re looking for. Of all social media platforms, Instagram offers the best opportunity to present a personal persona for your brand. For a non-corporate retail store, this is crucial.