Today
there are more than 154,535
convenience stores in
the United States.
That
is three times the number of supermarkets, yet a shadow to the 620,807
restaurants
in the United States. Today convenience stores serve 160 million people a day,
with a combined $750 billion in annual sales and 2.5 million to 2.6 million
employees.
Anthony Kenney, CEO of Speedway
understands that to lure more millennials into stores, Speedway needed a
healthier fresh food and that Speedway must compete for customers with legacy
restaurants, grocery stores, current C-stores and new entrants including
non-traditional points of fresh food distribution.
Note:
Speedway's has over 2,730 stores with 33,000+ employees in 21 states east of
the Mississippi River. Speedway sees 4 million customers a day and posted $19.7
billion in sales in 2015, according to parent company Marathon Petroleum Corp.
Kenny has
refocused the company too focus less on
fuel and more on other things like foodservice.
Speedway has 's launched a new food-focused concept in a few dozen
stores. The “Speedy Cafe” features a kiosk with fresh food that is fast, such
as healthy hot dogs, which the current generation has pushed.
Fresh food fast is
the key to growing grocerant niche Ready-2-Eat and Heat-N-Eat fresh prepared
food sales according to our own Grocerant Guru® and Kenny stated that the
“Speedy Cafe business is built around time, they want to get in and get out,”..
“If we have them come into the store they are there an average of three
minutes, so if you want to sell, you have to sell fast.”
Kenney continued
we have a “whole new kind of customer in millennials”. Speedway has formed its service model around baby boomers,
now ages 51-69, who had simpler service desires, who make up just 17.7 percent
of its customers today. Generation X, those 35 to 50, are 31.3 percent while
millennials aged 18-34 are 42 percent.
“It's a different ball
game with millennials, they all have smartphones and they’re all connected,
which allows more engagement, we can connect with them through that mobile
app," Kenney said. "It redefines how we think about marketing going
forward." Foodservice Solutions®
team commends Kenny.
Invite Foodservice Solutions® to complete a Grocerant
Program Assessment, Grocerant ScoreCard, or for product positioning or placement
assistance, or call our Grocerant Guru®. Since 1991 www.FoodserviceSolutions.us of Tacoma, WA has been the
global leader in the Grocerant niche. Contact: Steve@FoodserviceSolutions.us or 253-759-7869
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