Press release
Four Business Lessons from 7-Eleven Every Retailer Should Know
YRC's convenience store consultants highlight four key business lessons from 7-Eleven for retailers.In this communiqué, the team of convenience store consultants of retail and eCommerce consulting firm - YourRetailCoach ( https://www.yourretailcoach.in/ ) stresses four business lessons from global convenience store brand 7-Eleven that every retailer should know.
Get advise for Retail Business Consulting : https://www.yourretailcoach.in/contact/
Extended Value Propositions
Diversification is a strategic essential for both survival and growth. This applies to businesses as well. History provides numerous examples of companies that have withstood the trials of time by adapting and diversifying. 7-Eleven has evolved to extend the range of its offerings to include services like food/snacking, fuel, ATM, and parcel - going beyond the notion of a convenience store. Extended value propositions lend agility to business models ( https://www.yourretailcoach.in/business-model-development/ ). It creates additional streams of revenue generation creating a shield from temporary imbalances in demand. Another way to look at it is risk diversification. However, retailers should always bear in mind that the extension of value propositions must not come at the cost of compromising the core set of offerings. As a provider of convenience store consulting services, YRC also recommends conducting curated C-store market research before investing in any new offerings.
Get advise for Retail Business Consulting : https://www.yourretailcoach.in/contact/
Consistency and Uniformity in Brand Positioning
All 7-Eleven stores across the world exhibit a remarkable level of consistency and uniformity in brand positioning. The significance of brand positioning is not something that has relevance only on papers and meetings. Brand positioning is something that should instantly resonate with customers in their minds. Achieving this not only calls for strong strategies but also a high degree of consistency in maintaining the established standards of branding in the following areas across all stores at all times:
· Offerings/products
· Store layout and design
· Pricing approach
· Promotions
· Distribution/channels
· Digital marketing
· Brand communications
· Store operations
· Customer experience, shopping journeys, touchpoints
· Franchise management (e.g. by use of franchise SOP manuals)
· Supply chain management
· Staffing
· Use of technology
Localisation
While there is no denying the effectiveness of localisation when it comes to the how of it, things tend to become a little too general and brands and businesses often find it difficult to stand out in this aspect. One unique area where 7-Eleven leverages localisation is its food service. Conventionally, food service was not even the core offering of 7-Eleven. Yet the element of localisation is apparent in 7-Eleven stores. In food services, the offerings are tuned to regional tastes and preferences. Veteran C-store consultants may not disagree with the observation that it can be very challenging to stand out as a brand or business in FMCG retail ( https://www.yourretailcoach.in/industries/retail-grocery-supermarket-kirana-consultants/ ) . Again, this is where extended value propositions get prominence.
YourRetailCoach
+91 98604 26700
consult@mindamend.net
To speak to a professional convenience store business consultant, and Get advise for Retail Business Consulting : https://www.yourretailcoach.in/contact/
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Four Business Lessons from 7-Eleven Every Retailer Should Know here
News-ID: 3899668 • Views: …
More Releases from YourRetailCoach

YRC Empowers Investors with Data-Backed Retail Expansion Blueprints for Emerging …
YRC helps investors navigate emerging economies with data-driven insights and practical retail expansion blueprints, reducing assumptions and costly errors.
Your Retail Coach (YRC) is giving investors new tools to understand emerging economies, using factual data and practical retail expansion blueprints to minimize assumptions and costly mistakes in international markets. YRC has over 12 years of retail consulting experience, and the team of retail chain expansion consultants ( https://www.yourretailcoach.in/retail-expansion-consulting/ ) operates with…

YRC's Geographic Expansion Playbook Tailored for Local Buyer Behavior in the Mid …
To support retailers who are keen on entering or increasing their business in the Middle East, YRC has offered its tailored expansion roadmap.
The strategy aims to combine retail growth strategy with precise local buyer preferences and also capitalize on YRC's experience as retail chain expansion consultants.
YRC's market entry strategy experts observed that to design a successful multi-store expansion strategy ( https://www.yourretailcoach.in/retail-expansion-consulting/ ), the Middle East market requires a careful balance…
$128 B Lost to In-Store Inefficiencies: YRC Brings Continuous Improvement with S …
Inefficiencies from out-of-stocks, planogram disarray, and slow checkout processes cost North American retailers an estimated $128 billion a year. According to a report by Coresight Research and Simbe Robotics, in 2024, retailers will miss 4.5% of revenue in part due to these issues. If retail inefficiencies persist, they could cost retailers $143.3 billion annually by 2027.
Your Retail Coach (YRC) has developed a Specialized SAP Signavio Program ( https://www.yourretailcoach.in/retail-sap-s-4hana-signavio-implementation/ ) that…

Dealing with Demand Volatility in Retail: YRC Insights
Demand volatility and forecast errors make inventory tough. YRC shares expert tips to tackle demand uncertainty in retail.
Volatility in demand and errors and lack of accuracy in demand forecasting make inventory and supply chain management one of the most difficult operational challenges in the retail business. In this communiqué, the team of retail business strategy experts ( https://www.yourretailcoach.in/retail-business-plan/ ) of retail and eCommerce consulting firm - YourRetailCoach (YRC) highlights some…
More Releases for Retail
Driving Retail Innovation: Blockchain Revolutionizes the Retail Sector
[City, Date] - Retail blockchain, hailed as a disruptive technology, is reshaping the retail sector by securely recording digital transactions on a distributed ledger. This innovative approach enables retailers to meticulously track stock origins, exercise precise control over their offerings, and instill trust across various applications including smart contracts, consumer experience management, transaction management, and supply chain management.
The Blockchain in Retail Market is projected to reach $25.8 billion by 2029,…
Retail Clinics Market - Transforming healthcare delivery through retail clinics
Newark, New Castle, USA: The "Retail Clinics Market" provides a value chain analysis of revenue for the anticipated period from 2021 to 2031. The report will include a full and comprehensive analysis of the business operations of all market leaders in this industry, as well as their in-depth market research, historical market development, and information about their market competitors
Retail Clinics Market: https://www.growthplusreports.com/report/retail-clinics-market/7728
This latest report researches the industry structure, sales, revenue,…
India Retail Market Top Key Players – Reliance Retail, V Mart, D Mart, Pantalo …
Indian retail industry has emerged as one of the most dynamic and fast-paced industries due to the entry of several new players. With the arrival of several new players, Indian retail has become one of the most dynamic and fast industries. The sector is the largest source of employment after agriculture and has deep penetration into rural India generating more than 10 per cent of India’s GDP.
With the advancement in…
Retail IoT Software Market 2020-2026 | Coffee Cloud, Honeywell Connected Retail, …
The Research Insights has included a report, titled a global Retail IoT Software market to its extensive repository. This analytical report has been compiled by using primary and secondary research techniques. The global market research report offers in-depth analysis of global market trends, platforms, drivers, restraints and opportunities. It also presents a complete overview of the global market with respect to current statistics, historical records, and future predictions.
Retail IoT software…
Global Organized Retail Market 2019 - Pantaloons Retail, Reliance Retail, Shoppe …
Organized retailing is the process of selling goods or merchandise all under one roof in a fixed location such as a departmental store, hypermarket, supermarket or even a convenience store. Organized retail also includes internet retailing, which is the process of buying and selling products and services, such as COD, card on delivery, or trial services, through the internet.
Get Free Sample Copy of Report Here: http://bit.ly/2DdvEVA
Scope of the Report:
This report…
Retail Display Industry Segment Analysis by Product Type Touch-screen retail dis …
The displays that are used in retail applications like POS systems, kiosks, ATMs, and digital signage are referred to as retail displays. The touchscreen displays segment in the retail sector accounted for the maximum market share during 2017. In 2018, the global Retail Display market size was xx million US$ and is forecast to xx million US in 2025, growing at a CAGR of xx% from 2018. In this study,…