The Business Magazine - South West & West Midlands’ Post

Bestway To Launch Another New Hybrid C-Store Format Bestway is preparing to launch its first Best-one and Bargain Booze hybrid store format next month. The move follows the group’s introduction of the ‘Costcutter with a Bargain Booze’ store model in 2022 and its first ‘Costcutter with a Wine Rack’ concept at the end of last year. Bestway Wholesale’s Managing Director Dawood Pervez told trade magazine The Grocer that the latest conjoined format will be top-up and impulse-led, with a Bargain Booze off-licence range sited within it. He said: “We want to provide retailers the ability to enhance their overall store offering to become more appealing to shoppers and unlock additional sales, by bringing together the best in convenience and the best in alcohol.” The first store will be located in Bristol and be company-owned, with a second site already planned. Bestway’s Retail Director Jamie Davison told The Grocer that several independents are interested in the concept, including Costcutter retailers. “We’re looking to get the pilot store up and running, take learnings, then we will look to accelerate it,” said Davison. NamNews Implications: * Given the responsiveness of retail… * …these Bestway initiatives can prove themselves (or otherwise) rapidly. * Therefore anticipate roll-out of ideas that work… * …and adjust strategies accordingly. #Bestway #CStore

Are small format stores a thing of the future? Some retailers think so, and are innovating with convenience-style stores to better meet customers needs. Check out this article from NACS to learn about 5 stores leading the way in this trend. https://lnkd.in/eKimQk9N #KRS #solutions #retaildesign #storedesign

This is such a great article! Branding is becoming more and more important. Why? There is a need to become more recognizable, to create your identity, to give your customers something to relate to and oh btw it can increase the value of your business!! Paragon Solutions would love to partner with you to create your new identity!

Dunkin’ Donuts Faster Service Advice Points The Way.… @FixturesCloseUp #FixturesCloseUp #StoreFixtures #RetailFixtures #StoreDisplays #RetailMerchandising #RetailOutfitting #Shopfitting #StoreSupplies #VisualMerchandising #PointOfPurchase #POP #PointOfPurchaseDisplay @dunkindonuts #dunkindonuts @dunkinBrands #dunkinBrands #FastServive #Navigation #Wayfinding

Countless convenience store chains across the country have a variation of the words “quick,” “fast” or “stop” in their names. It’s a simple, straightforward approach, but such a name can also make it difficult for a smaller retailer to differentiate itself and build a strong identity, experts say. https://lnkd.in/evH2yPNs

Eager for growth yet limited in the number of places where they can build a new 60,000-square-foot store, grocers have tried their hand at new formats in recent years. The concepts are exciting, but their track record so far hasn’t been great — a fact underscored by the demise of Schnuck Markets’ EatWell, a specialty store format the regional grocer established in 2020 during the height of the pandemic. But one alternative format that has been very successful is one that will grate on grocers’ nerves: Walmart Neighborhood Market. Since launching in 1998, the format has grown to nearly 700 stores across the U.S. with plans to expand. #grocery #Walmart #Schnucks #smallstore #storeformat #convienence #market https://lnkd.in/eQeE39q9

How are you currently measuring the success of new retail initiatives? Paul highlights a significant problem with new grocery store formats: these retailers mainly know how to run traditional supermarkets, which may cause many roadblocks. This is where innovation is crucial, and testing different store layouts and designs becomes essential. Grocery and retail can hone in on RetailNext’s 'Full Path Analysis' tool for insights on how their customers experience these initiatives.

🛒 #grocery and #retail are exploring new store formats that are not consistently finding successful models that can be replicated. "Their struggles to establish new formats show their limited ability to operate outside of the bread-and-butter supermarket format that is creating so much of that pressure." Walmart has had one successful format in the "Walmart Neighborhood Market" opened in 1998 and expanding to 700 stores today. But how do grocers find a model that is worth investing in and troubleshooting what works and what does not, from the flow of traffic within to merchandising and labor optimization for engagement that drives conversion of important categories? We at RetailNext want to speak with you about ideas to test and evaluate the #customerexperience of these new formats that may help. DM me if you are interested in having a conversation. #retailanalytics from a solution provider who has visibility into the interiors coupled with some of our technology partners might be the best bet.

Cult of Costco – Pricing, Merchandising, Retail Fundamentals This Fortune article details the magic behind Costco’s fandom – it’s worth 2-minutes to soak up the insights. One key is paying an average $26/hr vs. $18/hr at Walmart. And their retention is 90% of employees who stay a year. What’s surprising is they are the largest seller of fine wines; they sell 500,000 cars; they are the 6th largest jeweler on par with Tiffany’s in revenue; and they are selling $100 million per year of gold bars. https://lnkd.in/dc_BRFSF

Our Optimal™ range of pusher trays fit several types of products and our beverage trays are truly a superspeed tool to keep your beverages front-faced and ready-to-drink for the shoppers. And: it’s done automatically. Do you want your brand to stand out on the shelves, add a printed front!   ➡️ Function: Keeps shelves organized with products always front-faced and never perceived out-of-stock. ➡️Effects: An attractive shelf setup where it is easy for shoppers to navigate, beverages served First-In-First-Out which reduces shrink, and time allocated for store personnel to use on other meaningful tasks.   Now, dive into how we can help optimize your drinks! Visit https://lnkd.in/dbQPZq8f or contact us https://lnkd.in/dwSEyyQM   #HLdisplay #merchandising #retail #beverages #retailinnovation #facing