The Australian Financial Review Tuesday reported expansion plans by Caltex in the convenience space. Newsagents focussed on the convenience model may find this interesting.as the reported Caltex plans reflect a move into product categories we can see as successful already in c-store in the UK and US, especially fuel connected retailers.
Convenience retail continues to be a rapidly moving retail segment. The challenge for independent retailers is the strength and capacity of national and international competitors. The cost of keeping up for indie retailers is high and as we have seen in recent dealings by Tatts, some suppliers give national and international operators favourable treatment.
My suggestion to newsagents in the convenience space is to keep ahead of trends.