Welcome to our Koupon News Update series, where we share news and trends that are shaping the convenience store industry! In this week's update, learn about Koupon's new partnership with NACS, the launch of Verify with Koupon, the Top 10 most improved chains in 2018, and Amazon's struggle in the grocery industry.
C-Store Retailer Trends
NACS, Koupon Media Form Strategic Partnership
- Through the partnership, NACS will leverage Koupon Media’s leading promotion technology, CPG-funded offer content, and promotion insights tools to further the success of digital offers in convenience stores.
- The insights developed from this partnership will join a growing suite of NACS research, benchmarking and consulting tools that includes the NACS State of the Industry Summit, NACS State of the Industry Compensation Report®, NACS State of the Industry Report® and the Convenience Tracking Program.
- “We believe our partnership with Koupon Media can be game-changing in how retailers develop mobile offers and help source additional CPG brand marketing funds for the c-store industry,” said Henry Armour, NACS president and CEO. “Koupon Media’s reach, paired with its innovative technologies and standards-driven approach, will allow convenience retailers to learn from cutting-edge technologies to deliver convenience.”
- Insight: The partnership with NACS will help Koupon Media bring its advanced promotion technology to more retailers in the convenience store industry.
U.S. Convenience Store Count Stands at 153,237 Stores
- There are 153,237 convenience stores operating in the United States, a 1.1% decline from last year’s record of 154,958 stores, according to the 2019 NACS/Nielsen Convenience Industry Store Count. The count is based on stores as of December 31, 2018.
- Looking at the last five years (2013-2018), the top three states—Texas (+554), California (+742) and Florida (+66)—have increased their store count by a combined 1,362 stores, with the growth mostly coming from larger convenience store chains with 500 or more stores.
- Insight: Despite the small drop in convenience store locations in 2018, grocery locations declined twice as much and key states saw strong increases in convenience store locations.
Koupon Media Launches Verify with Koupon
- Verify with Koupon provides an off-the-shelf, embeddable experience that allows any retailer or CPG to integrate age verification into its digital channels. Built on top of Koupon’s industry leading technology and user experience best practices, the tool powers a fast, step-by-step user flow that helps a consumer verify their age quickly.
- “Koupon Media continues to push the envelope with new and innovative mobile offer technologies,” said Ruth Ann Lilly, Sr. Manager of Loyalty, Tobacco, and Alcohol at GPM Investments. “Verify with Koupon will help GPM promote age-restricted products in our mobile application, helping us protect underage shoppers and continue to deliver value to our rewards members.”
- Insight: Koupon Media is helping convenience store retailers and CPG brands efficiently and compliantly launch promotions for age-restricted products.
Stuzo Launches Future Vision Insights Platform
- Stuzo, a provider of personalized, frictionless commerce technology solutions, powered by its Open Commerce Platform, software services and insights platforms, has launched its third fuel retail and convenience insights platform, Future Vision Insights Platform.
- Stuzo assembled a team of research analysts, 3D designers, 2D designers, 3D animators and product strategists to conduct a deep analysis into the current state of the fuel retail and convenience industry as well as trends that are shaping how technology and software will power business in the immediate and near-term future.
- Insight: Koupon Media's partner, Stuzo, is looking to the future of the convenience store industry with the new Future Vision Insights Platform.
Amazon Struggles to Make Online Grocery Shopping Stick
- The number of Amazon Prime members who shop for groceries at least once a month declined in 2018 compared with 2017, according to the results of an annual consumer survey released Wednesday by UBS analysts.
- A separate study by research firm Brick Meets Click found that households using grocery delivery and pickup services from physical retailers spend about $200 per month and place orders more frequently than Amazon grocery shoppers, who spend $74 a month.
- Insight: Brick and mortar retailers have an advantage in convenience over Amazon with more locations closer to customers.
SoftBank Gives Nuro’s Robo-Delivery Tech A Hefty $940 Million Boost
- SoftBank is pouring $940 million into Nuro, a Silicon Valley startup developing toaster-shaped robotic delivery vehicles, one of the single-biggest funding rounds to date in the race to commercialize autonomous technology.
- The Mountain View, California, company, founded by two former members of the Google Self-Driving Car Project, said the SoftBank funds will let it expand an automated delivery service it began last year into new areas, add partners, grow its fleet of unmanned vehicles, accelerate development of its technology and “significantly” expand its team.
- Insight: Tech industry giants like SoftBank are investing in the future of grocery.