2014 annual convenience retail benchmark venuelabs lbma
DESCRIPTION
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.TRANSCRIPT
2014
© 2014 Venuelabs – http://www.venuelabs.com Mobile Consumer Benchmark for Convenience Retail
© 2014 Venuelabs – http://www.venuelabs.com Mobile Consumer Benchmark for Convenience Retail
© 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.
© 2014 Venuelabs – http://www.venuelabs.com Mobile Consumer Benchmark for Convenience Retail
HOW DO MOBILE
CUSTOMERS ENGAGE?
10
© 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%
© 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