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Hard seltzer opens a new track, can canned cocktails sustain long-term growth momentum?
Hard seltzer once disrupted the alcohol industry, and the canned cocktail market it spawned has now expanded to diverse products such as hard tea and whiskey cola. In 2023, sales of ready-to-drink cocktails made with real spirits grew 26.8% to $2.8 billion. However, traditional malt-based hard seltzer sales have declined since their 2021 peak, with brands shifting toward spirit-based products. Experts point out that category evolution is driven by consumer preferences but may cannibalize traditional spirits sales.
Convenience Store 2.0: How Technology Reshapes Key Design Strategies
New technologies such as self-checkout, ordering kiosks, digital media, and even floor-cleaning robots are bringing convenience stores new opportunities to attract foot traffic and boost revenue and efficiency. However, industry design experts point out that introducing equipment is far more than simply placing it; it requires careful planning around customer flow, brand alignment, and potential drawbacks.
SQRL crisis continues to ferment, landlords still kept in the dark
SQRL Holdings has fallen into trouble after acquiring nearly 400 convenience stores, leaving its landlords confused due to issues like rent arrears and store closures. Most landlords have terminated or plan to terminate their leases, but the company's CEO Jamal Hizam's revival plan lacks details, and landlords remain in the dark.
2024 Restaurant Loyalty Programs Will Move Toward Personalized Customization
In 2024, restaurant loyalty programs will place greater emphasis on personalization. Chipotle plans to enhance the rewards experience through data-driven approaches, and other chain brands are also launching or reforming membership programs. Experts point out that emotional connection and customer segment matching are critical to success, and while points-based systems remain mainstream, they need continuous adjustment to adapt to inflation and changing consumption patterns.
Retail Faces a Crime Problem: The Truth in the Data Fog
Retail theft is frequently emphasized in industry reports and media coverage, yet its true scale and trends are difficult to clarify due to terminology confusion, sample bias, and statistical misuse. This article reviews relevant data sources and controversies, revealing the possibility that the industry may be exaggerating the problem.
The 'Revival' of Food Service: How American Supermarkets Are Upgrading Deli and Prepared Meal Businesses
American supermarkets are competing for consumers' dining spending by upgrading prepared foods such as sandwiches and salads, introducing chefs and specialized roles, and optimizing online ordering experiences. Industry data shows that supermarket deli foods are increasingly replacing fast food or fast casual dining.
Retail Media Standardization Race Heats Up: What's at Stake?
Retail media, as the fastest-growing marketing channel, has sparked calls for standardization due to issues like fragmentation and inconsistent measurement. Albertsons and others have proposed frameworks, but giants like Amazon are absent, leaving the prospects for standardization unclear, and small and medium-sized platforms may face a shakeout.
Why are Casey's, QuikTrip, and RaceTrac all betting on travel centers?
Traditional convenience store chains like Casey's, QuikTrip, and RaceTrac are actively expanding their travel center businesses. Large travel centers offer more space, more merchandise and food service, and lucrative diesel profits, and are seen as long-term assets in response to the electric vehicle transition. Despite challenges such as high construction costs, labor shortages, and competitive barriers, experts believe this trend will continue.