Despite being regarded as the community’s lifeline, the convenience retail sector is sadly facing a consistent decline in sales. Yet, as Asian Trader reports, the tide can still be turned if retailers embrace smarter strategies, leverage technology, and remain attuned to shifting consumer demands. Recent data from Kantar paints a stark picture.
To understand what is happening, Asian Trader got in touch with leading retailers, symbol groups and retail experts. It turns out that the decline is multifaceted, driven by both internal and external factors.
Tom Fender and Sarah Coleman from TWC attribute a significant part of the decline to the ongoing slump in tobacco sales over the past couple of years.