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Convenience Property Market Remains Buoyant

Convenience Property Market Remains Buoyant

Convenience Store  is reporting that single site transactions have continued to keep the convenience property market buoyant while “Brexit has not had any detrimental effect” according to property advisor Christie & Co. In its overview of the first half of 2019, the Company said independent stores with potential to achieve sales of £20,000 per week or more and the corporate stores earning more than £40,000 per week were currently in highest demand and achieving the best prices.

Half of shoppers avoid self-checkouts

Talking Retail  is reporting that nearly half of shoppers (47%) still avoid using self-checkouts as they think they are unnecessarily complicated and prone to going wrong according to the latest research from shopping app Ubamarket., The poll questioned more than 2,000 adults from across the UK. Other take-outs:

  • 49% of shoppers say half their basket is made up of impulse purchases.
  • 54% of customers use lists to do their shopping.
  • 59% claim to ignore POS stating that promotional activity in aisles has no effect on them.

Independent coffee outlets offering quality & service face a “bright future”

Convenience Store  is reporting that independent c-stores  offering in-store coffee shops have a “very bright future” if they provide outstanding and highly personalized service, new research suggests. Allegra World Coffee Portals latest report revealed that the value of independent UK coffee shops grew by approximately 4% to approximately £2.4bn of sales in the last 12 months.

Booker Retail Group names new MD

Talking Retail  is reporting that Colm Johnson has been promoted to managing director of the Booker Retail Group. Johnson, who has been with Booker for 34 years is currently in charge of its impulse categories will take over in September when Steve Fox departs.

ACS urges payment systems regulator to ensure a geographic spreads across ATMs. 

Asian Trader is reporting that LINK interchange fees should be structured to fund and sustain a geographic spread of ATMs to protect access to cash, the Association of Convenience Stores (ACS) said. “This structure should prevent cases where ATM closures inconvenience consumers by requiring them to travel out of their way to access cash, which can have a negative economic impact on local businesses, especially in rural and suburban locations,” ACS said in its submission to a review of the structure of LINK interchange fees by the Payment Systems Regulator (PSR)

JUUL increases its availability to independents

Forecourt Trader  is reporting that JUUL labs has signed deals that will give many more independent retailers access to its range of products. Nisa & Costcutter retailers will have access to JUUL starter kits and JUUL pods following an agreement with Nisa. According to John Patterson, sales director for JUUL labs independent & symbol retailers currently account for 50% of the UK tobacco market but only 10% of the vape market. Therefore the vape market represents a massive opportunity for small stores.

Espresso Essential goes bust

Better Retailing  is reporting that Espresso Essential has stopped trading and effectively gone into administration. Many retailers have been left with leases to pay on coffee machines that now have no maintenance or restock support. Also  the introductory offer of free stock will not be honoured. Reported debts are running at over £1.7 million with over £500,000 of trade debts. 

David Gilroy

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