Convenience Store Analytics: Use Data To Cater To Your Clientele
The c-store industry is expected to grow at about a 5% compounded annual growth rate from 2022 through 2028. While this stat is certainly promising, this is far from a guarantee of success.
Before opening a convenience shop, you will obviously need to write a business plan that addresses your intended customer base. Finding your target niche will help ensure long term success. Just as important, though, is utilizing sales data to determine what your most popular items are and how to cater to your current clientele.
KORONA POS comes with built-in inventory analysis. Get a firm grip on the performance of your products with actionable product insight. See what your customers are actually buying and what products are lagging behind with ABC analysis. Such actionable insights will help you determine where you can expand a bit and where you can hold back.
For example, if you see beef jerky flying off the shelves, you can expand your selection to include more jerky brands. On the other hand, if you have an item that you find is slow moving, you can use purchase history data to decide which items to put on sale or discontinue. KORONA POS gives you the opportunity to analyze sales trends by season, by store (if you have multiple locations), by profitability, and countless other retail KPIs.