Retail Formats
The Key to Convenience Store Upgrades Is Not 'Convenience' but 'Lifestyle'
The most intuitive impression of convenience stores is 'convenience,' but this idea is outdated. Successful convenience stores need to achieve the following: 1. Life solutions; 2. Seeking excitement and novelty; 3. Approaching and creating life themes; 4. Unique private-label products; 5. Collectibles close to life. This article is sourced from New Retail Think Tank Kenneth C. (ID:newretailinsider). Recently, the retail industry has been discussing that convenience stores are a new trend. According to the '2017 China Convenience Store Development Report' jointly released by the China Chain Store & Franchise Association and Boston Consulting Group, the total sales of China's convenience store industry reached 133.4 billion yuan in 2016, an increase of 13% year-on-year.
Kenneth C.