2014 annual convenience retail benchmark venuelabs lbma

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2014 © 2014 Venuelabs – http://www.venuelabs.com Mobile Consumer Benchmark for Convenience Retail

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Learn about mobile consumer behavior and feedback in the annual benchmark produced for the convenience retail industry by Venuelabs, in cooperation with the Location Based Marketing Association.

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Page 1: 2014 Annual Convenience Retail Benchmark Venuelabs LBMA

2014

© 2014 Venuelabs – http://www.venuelabs.com Mobile Consumer Benchmark for Convenience Retail

Page 2: 2014 Annual Convenience Retail Benchmark Venuelabs LBMA

© 2014 Venuelabs – http://www.venuelabs.com Mobile Consumer Benchmark for Convenience Retail

Page 3: 2014 Annual Convenience Retail Benchmark Venuelabs LBMA

© 2014 Venuelabs – http://www.venuelabs.com Mobile Consumer Benchmark for Convenience Retail

Smart phones have

changed the way that your

customers share their in-

store experiences.

WHERE IS MY MOBILE CUSTOMER?

YOUR STORE

LOCAL CHANNELS

They’re local, social, mobile.

Page 4: 2014 Annual Convenience Retail Benchmark Venuelabs LBMA

© 2014 Venuelabs – http://www.venuelabs.com Mobile Consumer Benchmark for Convenience Retail

HOW DO MOBILE

CUSTOMERS ENGAGE?

10

Page 5: 2014 Annual Convenience Retail Benchmark Venuelabs LBMA

© 2014 Venuelabs – http://www.venuelabs.com Mobile Consumer Benchmark for Convenience Retail

WHAT DO MOBILE CUSTOMERS

SHARE? 72%

14% 58%

33%

52%

48% 57%

43%

67%

33%

67%

16%

Posi%ve  Experience  

Nega%ve  Experience  

78%

11%

Page 6: 2014 Annual Convenience Retail Benchmark Venuelabs LBMA

© 2014 Venuelabs – http://www.venuelabs.com Mobile Consumer Benchmark for Convenience Retail

7-11 61%

BP 98%

Circle-K 86%

Speedway 94%

Casey’s General Stores 98%

Valero 94%

Cumberland Farms 87%

Kwik Trip 74%

Convenience Stores have not

employed the tools & technology to

“tune in” to their mobile customers.

HOW MUCH IS BEING

MISSED?

THE AVERAGE RETAILER IS MISSING

PERCENTAGE OF MOBILE CONSUMER FEEDBACK BEING MISSED – BY BRAND

87%

BP Casey’s Speedway Valero Cumberland Farms