CHICAGO, Nov. 1, 2016 /PRNewswire/ -- Winsight and Technomic have collaborated to release the first-ever Convenience Retailing Trends Forecast, announced on http://www.CSPDailyNews.com. CSP magazine's award-winning editorial team and Technomic's food industry experts are consistently at the forefront of critical issues and trends, keeping business leaders and key decision makers one step ahead of the competition.
CSP and Technomic's findings show that strong c-store sales have retailers saying they are optimistic about their business prospects in the fourth quarter. However, with slimmer gasoline margins and increasing competition, owners are now forced to stray from traditional methods when it comes to promoting their products.
"It is a fascinating, exhilarating and maddening time to be in the convenience-retailing industry," said Abbie Westra, director of retail content for Winsight and editor in chief of CSP magazine. "The competition is fierce from players old and new who are out to steal the concept of convenience in the retail space. But many of those same threats are opening the door to new opportunities to serve the consumer in ways never before imagined."
Highlights from Winsight's 2017 Convenience Retailing Trends Forecast include:
- Services 2.0. Key making, in-store bill pay and at-the-pump ordering are now in play at c-stores, which will increasingly employ new, unheard-of service platforms to get consumers out of their homes and into stores.
- Balancing the c-store diet. C-stores are now embracing a better balance between health and indulgence to meet the evolving demand for nutritional products without alienating core consumers.
- The regulation of everything. There's no escaping regulation. It seemingly touches everything in the retail space, including age-old targets such as wages and tobacco products. The coming year will reveal best practices emerging from retail leaders.
To inquire about food industry trend-tracking insights from this forecast and others produced by Winsight, contact Sheila Charapata at 312-940-1970, or firstname.lastname@example.org. To view the full forecast, visit http://www.cspdailynews.com/category-news/general-merchandise/articles/winsight-s-2017-convenience-retailing-trends#page=0
Only Technomic, a Winsight company, delivers a 360-degree view of the food industry. We impact growth and profitability for our clients by providing consumer-grounded vision and channel-relevant strategic insights. Our services range from major research studies and management consulting solutions to online databases and simple fact-finding assignments. Our clients include food manufacturers and distributors, restaurants and retailers, other foodservice organizations, and various institutions aligned with the food industry. Visit us at https://www.technomic.com/
About Winsight, LLC
Winsight, LLC is a business-to-business media and information services company specializing in the convenience-retailing, restaurant and noncommercial foodservice industries. Winsight has an extensive media portfolio including four publications, CSP, Restaurant Business, FoodService Director and Convenience Store Products, a suite of digital products including websites, e-newsletters (Restaurant Business Daily and CSP Daily News) and webinars, plus video products, mobile and tablet apps and custom marketing solutions. The Winsight Events group produces six exclusive, large-scale executive-level conferences—Restaurant Leadership Conference, FARE Conference, Outlook Leadership, Convenience Retailing University, FSTEC and MenuDirections—in addition to more than 12 major EduNetworking conferences and advisory meetings. In 2015, Winsight acquired Technomic Inc., a food industry provider of primary and secondary market information and advisory services. Winsight is a recognized leader in the markets it serves.
For more information on Winsight and its brands, go to http://www.winsightmedia.com/
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SOURCE Winsight, LLC