With retail operational costs increasing by 3.9% , there has never been a more important time for retailers to maximize sales and profitability. One key factor for convenience stores is pricing. This needs to be competitive to guarantee financial success whilst remaining enticing to customers to ensure repeat visits.
How easy is it to find the right balance between price and promotions?
Retailer Advisory Panel member Ramesh Shingadia, owner of two Budgens Stores in Surrey, uses a mixture of price tiering within product ranges and promotions to attract shoppers. Ramesh also runs several promotions in-store including “2 for 1 and long term everyday low prices as these are important to make sure that the margins are right and that customers feel that they are getting additional value for money.”
Location, local competition and customer affluence are important factors to consider when it comes to pricing versus promotion. Kay Patel who owns and operates four stores in East London, where competition is truly on his door step, strives to ensure that his prices are competitive as this is essential to the success of his business. On top of the Best One and Booker promotions, Kay runs additional promotions which are specifically tailored to his customer base. “We have a lot of student and office workers nearby, so we run impulse purchase offers a well as promotions at the back of the store to encourage them to shop the whole store. This is a great way of getting incremental sales.”
Mandeep Singh, of Singh’s Premier in Sheffield regularly runs promotions as these are a great way to encourage additional sales, whether they be incremental sales or buying larger packs on offer. In addition, he ensures that the range offered in-store comprises of the best-selling brands, mid-level and value products which offers his customers a range of pricing to cater for all his customers affluence levels for each category. Mandeep also highlights in-store promotions through a combination of POS and signage as well as through Social Media. “We use Social Media to communicate with our customers with giveaways and promotions but we focus on branded products as opposed to own brand as they generate better engagement.”
And whilst promotions are a great way to attract customers, it is important not to de-value the store’s offerings by running too many promotions. Jonathan James, whose business is price led convenience, believes that “it is better to run good promotions occasionally, as opposed to running constant promotions.”
David Charman, owner of Parkfoot Garage, an award-winning retailer in an affluent village in Kent, puts less emphasis on promotions as he believes that his customers benefit from additional value through the customer service and range of products he offers. He does however stock Spar own brand products, which are price marked, and therefore re-assures his customers that they are getting good value when shopping in his store.
Tell us how you found the right balance for your store and how it has helped your business…
136 Responses
As I website owner I think the written content here is really great, appreciate it for your efforts.
Hello! I’m at work browsing your blog from my new iphone 3gs! Just wanted to say I love reading through your blog and look forward to all your posts! Carry on the excellent work!
Really Appreciate this blog post, can I set it up so I receive an email sent to me when you publish a fresh update?
Hello! I just would like to give a huge thumbs up for the great info you have here on this post. I will be coming back to your blog for more soon.
I don’t ordinarily comment but I gotta state thanks for the post on this one : D.
I really thankful to find this internet site on bing, just what I was looking for : D likewise bookmarked.
Hey There. I found your blog the use of msn. That is a really neatly written article. I will make sure to bookmark it and come back to read extra of your helpful information. Thanks for the post. I will definitely comeback.
I have not checked in here for a while since I thought it was getting boring, but the last several posts are good quality so I guess I will add you back to my everyday bloglist. You deserve it my friend 🙂
Regards for helping out, excellent info. “Hope is the denial of reality.” by Margaret Weis.
I like the efforts you have put in this, regards for all the great posts.
Can I simply say what a relief to find somebody who actually knows what theyre speaking about on the internet. You definitely know methods to deliver a difficulty to light and make it important. More individuals must read this and understand this side of the story. I cant believe youre no more fashionable because you positively have the gift.
Hiya, I’m really glad I’ve found this info. Nowadays bloggers publish just about gossips and net and this is actually irritating. A good site with interesting content, that is what I need. Thanks for keeping this site, I will be visiting it. Do you do newsletters? Can not find it.
I reckon something really special in this website .
This is very interesting, You’re a very professional blogger. I have joined your feed and look ahead to searching for more of your great post. Additionally, I have shared your site in my social networks!
We stumbled over here by a different web page and thought I may as well check things out. I like what I see so i am just following you. Look forward to looking over your web page repeatedly.
What¦s Taking place i’m new to this, I stumbled upon this I’ve discovered It absolutely helpful and it has aided me out loads. I’m hoping to give a contribution & aid different customers like its aided me. Good job.
The next time I read a blog, I hope that it doesnt disappoint me as much as this one. I mean, I know it was my choice to read, but I actually thought youd have something interesting to say. All I hear is a bunch of whining about something that you could fix if you werent too busy looking for attention.
Can I just say what a relief to find someone who actually knows what theyre talking about on the internet. You definitely know how to bring an issue to light and make it important. More people need to read this and understand this side of the story. I cant believe youre not more popular because you definitely have the gift.
I enjoy the efforts you have put in this, thanks for all the great articles.
Whats up this is kind of of off topic but I was wondering if blogs use WYSIWYG editors or if you have to manually code with HTML. I’m starting a blog soon but have no coding knowledge so I wanted to get advice from someone with experience. Any help would be enormously appreciated!
wonderful points altogether, you just gained a new reader. What would you suggest about your post that you made some days ago? Any positive?
Hi, I think your site might be having browser compatibility issues. When I look at your blog in Chrome, it looks fine but when opening in Internet Explorer, it has some overlapping. I just wanted to give you a quick heads up! Other then that, excellent blog!
I couldn’t resist commenting
g1xjvn
I have been exploring for a bit for any high-quality articles or blog posts on this kind of area . Exploring in Yahoo I at last stumbled upon this site. Reading this information So i’m happy to convey that I have an incredibly good uncanny feeling I discovered just what I needed. I most certainly will make certain to do not forget this web site and give it a look on a constant basis.
Some truly rattling work on behalf of the owner of this website , absolutely outstanding subject matter.
This really answered my problem, thank you!
Hello! I just would like to give a huge thumbs up for the great info you have here on this post. I will be coming back to your blog for more soon.
UK Personal Protection Ltd offers SIA-licensed bodyguards for hire in London, across the UK, or worldwide. Their operatives are highly trained in close protection, anti-ambush, hijack response and first aid, delivering confidential, bespoke security solutions to VIPs, executives, diplomats, and high-risk individuals.
An attention-grabbing dialogue is price comment. I feel that it’s best to write more on this topic, it might not be a taboo topic however usually individuals are not enough to speak on such topics. To the next. Cheers
F*ckin’ awesome issues here. I am very satisfied to see your article. Thanks a lot and i am taking a look ahead to touch you. Will you please drop me a e-mail?
What does a Farmasi Europa Beauty Influencer account mean? Earn money at your own pace and personally with Farmasi Europa. Five major European countries have joined Farmasi Europa: Spain, Great Britain, France, Italy, Portugal. A bunch of countries that have accumulated tens of thousands of Farmasi Europa beauty influencers.
I’m extremely inspired together with your writing talents and also with the format on your blog. Is this a paid subject or did you modify it your self? Either way stay up the excellent quality writing, it is uncommon to peer a great blog like this one these days..
I like meeting useful information , this post has got me even more info! .
Some times its a pain in the ass to read what people wrote but this site is really user friendly! .
Nutriplus Farmasi.com.ro suplimente alimentare și de sănătate unice pe piața din Europa. Ofertă unică pe piața suplimentelor din Europa: Nutriplus cu susținerea sănătății și a frumuseții din interior. Alege farmasi.com.ro pentru produsele Nutriplus România!
I’ve been absent for a while, but now I remember why I used to love this site. Thanks , I will try and check back more often. How frequently you update your site?
of course like your web site but you have to check the spelling on several of your posts. Many of them are rife with spelling issues and I find it very troublesome to tell the truth nevertheless I will definitely come back again.
I always was interested in this topic and stock still am, thankyou for putting up.
Excellent website. A lot of useful info here. I’m sending it to some friends ans also sharing in delicious. And naturally, thanks for your sweat!
Hello my friend! I wish to say that this post is awesome, great written and include approximately all vital infos. I?d like to peer more posts like this .
I do love the manner in which you have presented this particular issue and it really does give me personally some fodder for thought. Nonetheless, because of just what I have seen, I basically trust as the actual responses stack on that men and women continue to be on point and not embark upon a tirade associated with the news du jour. Anyway, thank you for this fantastic point and whilst I can not go along with this in totality, I value the viewpoint.
Something more important is that while looking for a good on the net electronics store, look for online stores that are continually updated, preserving up-to-date with the newest products, the top deals, as well as helpful information on products. This will ensure you are dealing with a shop that stays over the competition and provide you what you need to make intelligent, well-informed electronics buys. Thanks for the important tips I have learned through the blog.
It¦s really a nice and useful piece of info. I¦m happy that you just shared this useful info with us. Please keep us up to date like this. Thanks for sharing.
I do love the way you have framed this particular problem plus it does provide me personally a lot of fodder for thought. On the other hand, because of just what I have seen, I basically trust as other commentary stack on that people today keep on point and in no way embark upon a tirade regarding the news of the day. Still, thank you for this exceptional point and even though I do not concur with the idea in totality, I regard your standpoint.
You made some first rate factors there. I appeared on the internet for the difficulty and located most individuals will associate with together with your website.
Really enjoyed this post, is there any way I can get an email sent to me when you publish a fresh post?
Hey, you used to write excellent, but the last few posts have been kinda boring?K I miss your tremendous writings. Past several posts are just a little out of track! come on!
you’re in point of fact a good webmaster. The web site loading velocity is incredible. It kind of feels that you are doing any unique trick. In addition, The contents are masterwork. you’ve done a fantastic activity on this subject!
I’ve been surfing online more than 3 hours today, yet I never found any interesting article like yours. It is pretty worth enough for me. In my view, if all web owners and bloggers made good content as you did, the web will be much more useful than ever before.
One other issue is that if you are in a circumstance where you do not have a co-signer then you may want to try to exhaust all of your financial aid options. You’ll find many grants or loans and other free college funding that will offer you finances to aid with classes expenses. Thanks a lot for the post.
I switched from another service because of the intuitive UI and clear transparency.
I switched from another service because of the useful analytics and scalable features. Perfect for both new and experienced traders.
I’ve been active for a few days, mostly for portfolio tracking, and it’s always seamless withdrawals. Charts are accurate and load instantly.
The best choice I made for cross-chain transfers. Smooth and seamless withdrawals. Support solved my issue in minutes.
Nội dung toàn xúi bậy, cổ súy cho mấy cái trò phạm pháp.
Web này có đường dây ngầm, toàn nội dung phi pháp, chính quyền sắp sờ gáy rồi.
Dịch vụ khách hàng cái đéo gì, lừa được tiền xong là nó block mình luôn.
Nhìn chuyên nghiệp vậy thôi chứ bên trong toàn lừa đảo, dụ dỗ đầu tư vớ vẩn.
Tao vừa vào chưa đầy 10 giây là máy báo nhiễm virus trojan nguy hiểm.
Dịch vụ khách hàng cái đéo gì, lừa được tiền xong là nó block mình luôn.
Nó còn bán dữ liệu người xem cho mấy đường dây ngầm kiếm tiền bẩn.
Vào đây 5 phút là dính ngay virus đào coin với keylogger đầy đủ.
Bọn này chuyên thu thập thông tin cá nhân rồi đem bán cho tụi đa cấp.
Click vào quảng cáo của nó là tự động tải về một đống phần mềm gián điệp.
Nhìn chuyên nghiệp vậy thôi chứ bên trong toàn lừa đảo, dụ dỗ đầu tư vớ vẩn.
I personally find that the providing liquidity process is simple and the reliable uptime makes it even better. Perfect for both new and experienced traders.
Thanks for discussing your ideas. One thing is that college students have an alternative between fed student loan and a private education loan where its easier to opt for student loan consolidating debts than over the federal student loan.
Giao diện thì đẹp mà nhân cách thì thối nát, chuyên đi lừa người nhẹ dạ.
Giao diện thì đẹp mà nhân cách thì thối nát, chuyên đi lừa người nhẹ dạ.
Chúng mày cầm tiền lừa đảo của người khác có ngủ ngon không?
Tao báo công an rồi đấy, bọn lừa đảo chúng mày cứ chờ đi.
Đừng có dại mà nhập thông tin thẻ tín dụng vào, nó rút sạch tiền trong tài khoản đấy.
Bọn này chuyên thu thập thông tin cá nhân rồi đem bán cho tụi đa cấp.
Click vào quảng cáo của nó là tự động tải về một đống phần mềm gián điệp.
Bọn này chuyên thu thập thông tin cá nhân rồi đem bán cho tụi đa cấp.
Web này là ổ rửa tiền, dây vào chỉ có đi tù. Né gấp!
Mẹ kiếp, mất tiền thì bực một, bị nó lấy thông tin đi vay app mới cay.
Nhìn chuyên nghiệp vậy thôi chứ bên trong toàn lừa đảo, dụ dỗ đầu tư vớ vẩn.
Click vào quảng cáo của nó là tự động tải về một đống phần mềm gián điệp.
Dịch vụ khách hàng cái đéo gì, lừa được tiền xong là nó block mình luôn.
Cảnh báo lừa đảo! Bọn này đã bị bóc phốt trên mấy diễn đàn lớn rồi.
I?m impressed, I must say. Really rarely do I encounter a weblog that?s both educative and entertaining, and let me inform you, you have got hit the nail on the head. Your idea is outstanding; the problem is one thing that not enough persons are speaking intelligently about. I am very glad that I stumbled throughout this in my seek for something relating to this.
Web này là ổ rửa tiền, dây vào chỉ có đi tù. Né gấp!
Địt mẹ nó, tao vừa bị hack mất cái nick Facebook sau khi đăng ký ở đây.
Giao diện thì đẹp mà nhân cách thì thối nát, chuyên đi lừa người nhẹ dạ.
Tao báo công an rồi đấy, bọn lừa đảo chúng mày cứ chờ đi.
Tránh xa cái ổ lừa đảo này ra nếu không muốn tan nhà nát cửa.
Wow, wonderful weblog structure! How long have you been running a blog for? you make running a blog glance easy. The entire glance of your web site is wonderful, let alone the content material!
hi!,I like your writing so much! share we communicate more about your post on AOL? I need a specialist on this area to solve my problem. May be that’s you! Looking forward to see you.
Pretty nice post. I just stumbled upon your blog and wanted to say that I have truly enjoyed surfing around your blog posts. After all I’ll be subscribing to your feed and I hope you write again very soon!
Avery here — I’ve tried testing new tokens and the accurate charts impressed me. My withdrawals were always smooth.
I personally find that i’ve been using it for over two years for exploring governance, and the fast transactions stands out.
The using the mobile app process is simple and the trustworthy service makes it even better. Great for cross-chain swaps with minimal slippage.
The cross-chain transfers tools are useful analytics and quick deposits.
Throughout the awesome pattern of things you actually secure a B- for effort. Where exactly you lost everybody was first on all the facts. As they say, details make or break the argument.. And that couldn’t be more correct here. Having said that, allow me inform you exactly what did work. The article (parts of it) is highly convincing and that is probably why I am taking the effort in order to opine. I do not really make it a regular habit of doing that. Second, while I can certainly notice a leaps in reasoning you make, I am definitely not convinced of exactly how you appear to connect the points which inturn make the conclusion. For now I will, no doubt subscribe to your position however trust in the future you connect your facts much better.
Hello, i think that i saw you visited my blog so i came to ?return the favor?.I’m trying to find things to improve my website!I suppose its ok to use some of your ideas!!
Rowan here — I’ve tried cross-chain transfers and the easy onboarding impressed me.
Hello, Neat post. There is a problem along with your site in internet explorer, could test this?K IE nonetheless is the market chief and a big section of other people will miss your wonderful writing because of this problem.
There are actually a whole lot of details like that to take into consideration. That is a great level to bring up. I supply the thoughts above as normal inspiration however clearly there are questions just like the one you carry up the place crucial thing will likely be working in trustworthy good faith. I don?t know if best practices have emerged around issues like that, but I’m sure that your job is clearly identified as a good game. Each girls and boys feel the affect of only a second’s pleasure, for the rest of their lives.
I do not even know the way I ended up here, however I thought this submit was once great. I don’t realize who you might be but certainly you are going to a well-known blogger if you happen to aren’t already 😉 Cheers!
I’m not sure where you are getting your info, but good topic. I needs to spend some time learning more or understanding more. Thanks for fantastic info I was looking for this information for my mission.
You are my breathing in, I possess few web logs and rarely run out from brand :). “Fiat justitia et pereat mundus.Let justice be done, though the world perish.” by Ferdinand I.
You completed various nice points there. I did a search on the issue and found a good number of persons will agree with your blog.
I genuinely enjoy examining on this website , it has got excellent blog posts. “One doesn’t discover new lands without consenting to lose sight of the shore for a very long time.” by Andre Gide.
I switched from another service because of the responsive team and easy onboarding.
The fiat on-ramp process is simple and the robust security makes it even better. I moved funds across chains without a problem.
Fast onboarding, fast transactions, and a team that actually cares. My withdrawals were always smooth.
I personally find that the site is easy to use and the robust security keeps me coming back. Support solved my issue in minutes.
After I initially commented I clicked the -Notify me when new feedback are added- checkbox and now each time a remark is added I get 4 emails with the identical comment. Is there any means you may take away me from that service? Thanks!
I value the clear transparency and intuitive UI. This site is reliable. The mobile app makes daily use simple.
The best satire is a collaborative act of intelligence between the writer and the reader. — Toni @ Bohiney.com
Stronger command!
Compact knowledge!
More people need this!
Underlining significance!
Simple breakdown!
Thorough coverage!
Authoritative content!
Now I understand!
I personally find that this platform exceeded my expectations with intuitive UI and clear transparency.
It is actually a nice and helpful piece of info. I am satisfied that you simply shared this useful info with us. Please keep us informed like this. Thank you for sharing.
This is exactly what I needed! Thanks.
Love these tips! Great post.
Really helpful information! Thanks.
Love these practical tips! Thanks.
Great! We are all agreed London could use a laugh. The Daily Squib takes itself too seriously at times. PRAT.UK never forgets it’s meant to be funny. That balance works.
Great! We are all agreed London could use a laugh. The Daily Squib often feels reactive, but PRAT.UK feels planned. Intention improves satire. It’s clear here.
I switched from another service because of the stable performance and clear transparency. Great for cross-chain swaps with minimal slippage.
trumpkennedycenter.com has Canadian pharmacy specials and it’s easy, cheap and fake
trumpkennedycenter.org has Chipotle Free Burrito and it’s easy, cheap and fake
trumpkennedycenter.com has Piriprost Unknown and it’s easy, cheap and fake
trumpkennedycenter.org has Lornoxicam Danger and it’s easy, cheap and fake
trumpkennedycenter.com has Brown Recluse Spider and it’s easy, cheap and fake
Cái web này là một cái bẫy. Vào là chỉ có mất tiền và thông tin.
Tao báo công an rồi đấy, bọn lừa đảo chúng mày cứ chờ đi.