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Posts tagged: Convenience Store

African-American Buying Power Increases

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By , October 14, 2016 3:48 pm

 African-American Buying Power Increases

The number of affluent African-American households has risen drastically, increasing the buying power of the African-American demographic.

African-American Buying Power Increases

New research from Packaged Facts has revealed that African-American buying power has grown rapidly over the past five years.african-american-shopping-power

The new African-Americans: Demographic and Consumer Spending Trends, 10th Edition from Packaged Facts has revealed that African-American buying power has topped $1 trillion over the past five years. Packaged Facts has found that between 2010 and 2015 African-American buying power grew from $995 billion to $1.3 trillion for cumulative growth of 27%. Looking ahead, Packaged Facts forecasts cumulative growth of 16% between 2015-2020.

The rise of affluent households has helped bolster African-American buying power. Between 2005 and 2014 the number of African-American households with an income of $100,000 or more jumped 83%, from 1.1 million to around two million. Comparatively, the total number of American households in the $100,000+ income bracket grew only 53%. Likewise, the number of black households with incomes ranging between $75,000 and $100,000 increased by 25%. As the two-tier economy continues to reach into all demographic segments, it is likely that the buying power of affluent black households will continue to grow at a relatively rapid pace, finds Packaged Facts.

For the U.S. economy overall, the trickledown effect of this swelling prosperity has seen consumer expenditures by the average African-American household grow faster than consumer spending by other households (26% versus 23%). Dining out is one area where African-Americans are spending more of their money. Packaged Facts estimates that the amount black households spent in 2015 on food away from home was 14% higher than in 2012, while expenditures on food at home increased only 5%. Similarly, purchases on apparel, personal care products (especially fragrances), home furnishings, appliances (both major and minor), and home improvement/remodeling also boomed.

African-American consumers played a major role in the rush to auto dealers’ showrooms that occurred between 2012 and 2015. During this time period, spending by American consumers on automotive vehicles grew by $126 billion, or 36%.

Higher-income African-Americans outspend the total population on “future-oriented” expenditures such as life, endowment, annuity, and other personal insurance, as well as contributions to pensions and Social Security. Packaged Facts also found that higher-income black consumers present a major opportunity for financial firms. Over the past decade, the percent of higher-income African-American households holding nay form of financial investment has trended upward from 36% to 44%. ddd

Buffalo Rock “Rocks” Vending in Alabama

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By , June 10, 2016 11:57 am

autm_may_cover_2016.5731ea5c6d4e3May issue of Automated Merchandiser http://www.vendingmarketwatch.com/magazine/autm/issue/2016/may

Our very own Alabama neighbor, David Hanson of Buffalo Rock in Birmingham

is featured in this issue. check it out. This issue has lots of tips that applies to vending.

“View From The Micro Market Trenches”

Owning a VendaCarts, Mobile Automated Retail Store, will have the same blend of challenges as a brick and mortar vending business and micro markets.

new vc photo

This article points out how important to know your product demands in all your location.  Since VendaCarts has an even wider reaching customer base, worksites, outside festivals, or construction sites, means more work on your part to make the revenue you want.  Are your customers repeat?  Will they indulge in more “eat now” type items?  Will you be covering different regions with different likes and favorites?  Will you offer a tailored mix for events?

Knowing what sells in what region is a must.  David points out that Mountain Dew is their number one seller in micro markets, but does that mean is it the case everywhere? Research on line with Convenience Store news sites for helpful tips and develop better management skills

C-Store data http://www.csnews.com/research-and-data/results-reports-central/c-stores-gaining-cross-channel-category-showdown

The Vending Industry could Learn from Convenience Store Decisions

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By , October 30, 2015 12:47 pm

Check out CONVENIENCE STORE DECISIONS website and newsletter, they are always packed full of what hot and anything hot in convenience stores can be vended.

http://www.cstoredecisions.com/2015/10/30/retailers-double-your-profits-with-this-simple-trick/

Retailers: Double Your Profits With This Simple Trick

FinanceBy Bill Scott, founder of StoreReport LLC & Scott Systems Inc.

In 1965, I made my living as a DJ pulling the morning shift at a local radio station, and selling radio commercials in the afternoon. I remember one sales call in particular.

I sat across the desk from a Southland Corporation (Pak-A-Sak) executive in his office on Fairfield Avenue in Shreveport, La., as he expounded on the virtues of the penny.

His claim: if I could teach my employees to do one simple thing, I could double the profits in my stores.

His idea: as customers approached the cash register, I try to train my employees to inquire as to whether the customer needs anything else.

I will never forget that meeting or the impression it left on me. This became significant later in life, when I discovered most convenience store tenders contain less than two items. A testament to the fact that 50 years later, we have made little or no progress in this area.

 

 

Retailers, especially convenience stores, are concerned with moving customers through their stores, much more than they are at controlling their customers’ purchases. With the amount of profits being lost, this is a problem desperate for a solution.

Later, I took a job for the Yellow Pages and sold telephone directory advertising in New Orleans. One of my customers was a man who made his fortune selling prescription drugs and drug store items out of a warehouse. He had no retail stores whatsoever. His customers simply called in their prescriptions and secretaries took the orders over the telephone. Then his team of motorcycle riders would deliver the orders.

He told me something that fell in line with what the Southland Corporation executive had said. When his salespeople would take the customers’ orders, they asked them to lay down their phone, and check their medicine cabinets to see if they needed anything else. Nine times out of 10 they did. Whether they needed anything else or not, the order-taker would not end the call without suggesting something that was currently on sale… perhaps a box of Kleenex tissue, or a two-for-one promotion… anything.

This caused the customer to stop, think and usually one sale would escalate into two, three or more sales in addition to what the customer originally wanted. Rarely, did the customer get off the phone without buying at least one additional item. His thinking: he would incur the cost of the delivery regardless of whether his delivery boy delivered one item or two. Why not offset the expense with a little profit from something the customer didn’t know they needed?

With the emphasis being “move the customer through the sales line as quickly as possible,” retail stores today are not set-up to make that extra sale, even if they asked for it. Instead of asking for another sale, we have come to rely on ‘change-makers’ and apparently they are not having the desired results or we would see more than one item on a tender, and it’s just not there.

The opportunity to double profits is compelling. All we need is the desire to make it happen. Sometimes stores are too busy, and the products may be scattered throughout the store. That doesn’t mean we can’t experiment during slow periods, or accumulate sales products near the register.

We would love to hear from retailers who have taken some action to pick up these profits that go unnoticed by most.

Can You Sell the Same Products in Vending Equipment as in a Convenience Store?

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By , October 29, 2015 2:42 pm

Items to Sell in a Convenience Store

by Carl Hose, Demand Media

Convenience stores cater to customers who purchase last-minute or spur-of-the-moment itemsS.

Convenience stores cater to customers who purchase last-minute or spur-of-the-moment itemsS.

Jupiterimages/Photos.com/Getty Image  http://smallbusiness.chron.com/items-sell-convenience-store-13436.html

The convenience store takes its name from its purpose and the products normally carried in stock. A convenience store can be a stand-alone store but is often part of a gas station, making it convenient for customers to purchase items while filling their vehicles with gas. According to the Illinois Department of Commerce, small convenience stores should ideally stock 2,800 to 3,200 items in as many as to 400 categories.

Eggs and Dairy Products

Many convenience stores stock basic dairy items, such as milk, butter. cottage cheese, sour cream and other cheese products. There will not typically be a wide range of brands on hand. Milk sizes will likely include pint, half-gallon and gallon sizes. Cheese products are often shredded. Eggs are also found in many convenience stores. Some convenience stores will also carry half and half or heavy cream.

Over-the-Counter Medications

Many convenience stores carry a range of over-the-counter medications that include aspirin, cough medicine, lip balm, sinus medication and throat lozenges. Sizes of these products vary. Sometimes there will be single doses of aspirin or other pain-relief medications available at the counter, but the store also may carry large sizes.

Most convenience stores carry a range of bread products, including loaves of bread, hot dog and hamburger buns, and dinner rolls. There will typically be one or two brands on hand at most. Limited canned goods, such as soup, common vegetables, canned meat, chili and stew may also be found on convenience store shelves. Dry good items include limited bagged pasta and beans. Pickles, relish, catsup, mustard and mayonnaise are also stocked on convenience store shelves.

Meats

According to the Illinois Department of Commerce, “Convenience stores generally do not stock fresh meats or produce when located in a community with an independent grocer.” This includes steaks, chops and chicken. You are more likely to find a wide range of lunch meats that include bologna, ham, pickle loaf and salami. Some convenience stores may also carry summer sausage products as well.

Drinks

Convenience stores will typically carry juices, cold and warm soda, coffee and energy drinks, and a range of alcoholic beverages that include several brands of beer and wine, if permitted by state and local laws.

Sweets and Snacks

Many convenience stores devote an entire section of the store to a range of candy products, both in single servings and bulk, chips, dried meat snacks, chewing gum canned puddings and sweet cakes. You will also find a variety of nuts as well. Some convenience stores may offer prepared sandwiches, pickles, nachos, fountain drinks and snacks designed to appeal to customers who visit the store hungry.

Additional Items

Tobacco products, batteries, foam coolers, plastic gas cans, flashlights, candles, windshield cleaners and cleaning fluid, transmission fluid and motor oil are some of the additional items that may be found in a convenience store because they are products consumers may need in an emergency or impulsively purchase because they happen to be in the store.

Can the Strategy C-Stores use Boost Sales for Vending Operators?

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By , September 25, 2015 8:56 am

Can the strategy convenience stores use to boost sales apply to vending operators and YOUR vending business?  YES! Below is an article focused on C-Stores, I have highlighted the points that could apply to your vending business, check them out.

How to Boost Sales in Convenience Stores

by Miki Markovich, Demand Media

Boost convenience store sales by motivating your employees to provide excellent customer service.

Comstock/Comstock/Getty Images http://smallbusiness.chron.com/boost-sales-convenience-stores-24776.html

Step 2 Reward your employees to provide exemplary customer service. Although many convenience store owners may believe that paying close to minimum wage will only bring them average or below-average employees, with some creative motivation, you may be able to provide the top service in town. Consider implementing an employee reward system. Use comment cards, sales goals or other markers as an employee performance measurement base. Reward the employee with gift certificates or other incentives for meeting milestones. Also, send cards and perhaps a small gift on birthdays and employment anniversaries to show you care about your employees as people.

Step 4 Brainstorm products and service options. Seek innovation. Consider what special products or services you can provide to entice customers to shop at your establishment. This may mean installing a drive-through or stocking video game rentals. If you have large truck or RV parking, it may mean providing services that appeal more to cross-country travelers.

Step 5 Merchandise your products attractively. People are more likely to buy products that are featured in an attractive display.

Step 6 Position complementary items near each other. This way, when a customer buys one item, for example charcoal, they can easily find other necessities such as lighter fluid or long matches. This can boost sales by doubling purchases.

Step 7 Create a loyalty program. There are many options from punch cards for drink purchases to coupons for total money spent. You may desire to get creative and offer convenience store Bingo cards. Once patrons get five products stamped in a row, they receive prizes.

Step 8 Watch for trends. Learn what items people are spending their money on and stock them.

Carts Blanche’s “VendaCarts” Mobile Trailers for Disaster Relief Areas

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By , August 18, 2014 10:21 am

 

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Carts Blanche, LLC Introduces “VendaCarts” Trailers

Mobile Automated Convenience Stores

for Disaster Relief Areas

 

 (PRWeb.com via COMTEX) — The mobility of VendaCarts automated food trailers facilitates relief efforts with a rapid deployment and relocation, transporting food to disaster survivors and work forces. VendaCarts operates in the recovery phase by delivering short and long-term food services to people in disaster areas and at reconstruction and building sites.VendaWorks
The VendaCarts business model speeds up the delivery of vendible food and non food items, serving large numbers of people in a shorter time frame by providing nine individual self-serve lines serving meals to up to 250 people within 30 minutes while being operated by a single person.

“Carts Blanche, LLC designs innovative, actionable emergency food service trailers that solves challenges and make a difference in disaster relief areas”, says Annette Nolan CEO. “We work with individuals and companies globally to provide the most complete automated food service trailers available”.

Carts Blanche, LLC, based in Mobile, Alabama is the designer and manufacturer of VendaCarts,a revolutionary mobile automated trailer equipped with up to nine built-in automatic vending machines plus a combination of service units such as ATM’s, digital signage boards, microwaves and change machines. Once on location, both sides of the trailer pneumatically raise creating awnings that expose the ready to operate vending business. The trailer design allows daily business activities to be accomplished by one person. VendaCarts combines the fast-turn, high-volume worlds of vending and concessions with mobile real estate allowing the owner to capitalize on new markets and new customers at a higher rate of return offering a fresh new approach to self -service retailing.

For more information please go to http://cartsblancheonline.com Product Photos Download http://cartsblancheonline.com Read the full story at http://www.prweb.com/releases/2012/8/prweb9856924.htm PRWeb.com 

photo

 

 

VendaCarts Mobile C-Store Best Business Idea for 2014

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By , February 28, 2014 2:03 pm

Carts Blanche, VendaCarts can offer more conveniences then C-Store.  VendCarts Mobile C-Store best business idea for 2014. 

Convenience stores offer speed of service to time-starved consumers who want to get in and out of the store quickly. 3

These shoppers recognize this channel of trade for its convenient locations, extended hours of operation, one-stop shopping, grab-and-go foodservice, variety of merchandise and fast transactions.

VendaCarts Offers: Mobility

More location – Extended Hours of Operation, One-Stop Shopping, Grab-n-Go Foodservice, Variety of Merchandise and Fast Transactions, ATM, Speed of Service, Easy Payment Method,

You take the C-Store to where the crowds are, you stock it with what they need and want.images

Meals, Snacks, Hot and Cold Beverages, Fresh Food, Ice Cream, Desserts:

Think Non – Traditional:  Sun Screen, Caps, Sunglasses, Lip Protection, Medicine,

batteries, rain gear, disposal cameras, memory cards, phone cards, totes, flip flops, hair accessories,

kids stuff and much, much more.

Most items can be vended anything that you would possible need is there.

Quality Fresh Packaged Foods are Winning at C-Stores – Business Opportunities for the Vending Industry

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By , February 25, 2014 11:14 am

More convenience stores are concentrating on providing a greater variety of fresh, high-quality foods, and competition is mounting as stores strive to compete with fast-food restaurants. Technomic’s Convenience Store Market Intelligence Report focuses on how convenience stores fit into the overall foodservice picture. VendaCarts offers new business opportunities for the vending industry.

This spells out VENDACARTS – MOBILE C-STORE. For a new business opportunity pack your vending machines with quality fresh packaged foods and watch your sells soar.

Just pop in the word VendaCarts and see how it applies.  Yes you can have a convenience store on wheels. This Spells Location, Location and Location.

Fully 57 percent of consumers say they have purchased prepared foods from convenience stores. Roughly a third of consumers who visit convenience stores for fresh-food items purchase them at least once a week from convenience stores.

More c-stores are leveraging branded restaurants at their c-store locations. While Subway and McDonald’s have locations built into some convenience stores, capitalizing on convenience and foot traffic, more progressive c-store chains are developing and integrating their own branded restaurants into existing stores, transforming the perception of purchasing prepared food at a convenience store.

“Prepared food is a growth opportunity for convenience stores willing to raise the bar on quality and key attributes sought by today’s consumers,” said Technomic Senior Director Donna Hood Crecca, in a prepared statement. “Consumers say they would visit convenience stores more often for prepared foods if those foodservice areas were improved upon. Customizing their offerings and a more appealing décor and atmosphere could enhance the experience.”http://www.vendingmarketwatch.com/news/11311047/study-technomic-finds-fresh-quality-prepared-foods-are-winning-at-c-stores

To help operators and manufacturers stay on top of current trends and evolving consumer needs, Technomic has developed the Convenience Store Market Intelligence Report. Other consumer insights found in the report include:  new vc photo

  • Three-fourths of consumers (76 percent) who purchase prepared foods from convenience stores report that these locations provide a convenient option.
  • Two-fifths of consumers say they would visit convenience stores for prepared foods more often if freshness and quality were improved.
  • Convenience stores top other types of retail locations for breakfast patronage, and convenience stores are the only segment to see a significant increase in breakfast patronage over the past few years. This is likely driven by coffee purchases.
  • Entrées account for more than half of c-store menu items, with their share of the menu expanding significantly to 51 percent in the second quarter of 2013 from 47 percent a year earlier. Sandwich remains the top breakfast entrée.

The Growth Potential for VendaMarts, Mobile Convenience Store 2014 Best Business Opportunity

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By , January 20, 2014 1:00 pm

th46DKN9PRCurrent research on the Convenience Stores Industry shows rise and high growth potential.   Making Carts Blanche’s ” VendaMarts”  Mobile Convenience Store business opportunity to good to pass up. 

thSTCCG32JAny and most all packaged foods and beverages offered at C-Stores can come in vending machines.  This is a new business opportunity to help launch your company into the Convenience Store $708.2 billon dollar arena.  Vending machine manufactures are changing with the times and offering more equipment to meet the demand.  Our VendaMarts is just the mobile real estate needed to take traditional and non traditional product to the  consumer.

With in-store sales leading the way, the convenience store industry achieved record total revenue of $708.2 billion in 2012, an increase of 2.8 percent from the previous year. In-store sales (merchandise and foodservice) grew 4.7 percent, according to the Convenience Store News 2013 Industry Report.

Because profit margins are much higher inside the store than on motor fuels, the gains in  in-store sales had a positive impact on industry profits. Total industry pretax profits increased 4.1 percent to approximately $6.72 billion, or about $46,000 per store.

The c-store industry ended the year with 149,220 stores, a net total of 1,094 units more than the prior year. The ratio of chain-operated units to single-store units remained the same, with 37.1 percent of the industry’s stores being part of chains and 62.9 percent operated by single-store owners.

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