The convenience store industry is evolving rapidly. Smart retailers today have to be nimble and make quick, informed decisions to successfully compete; but deciding what adjustments to make and determining which changes were successful can be challenging. While trial and error used to be the go-to method, today’s technology means that retailers can see the effects of their decisions right away by taking advantage of the POS sales data they already collect.
ADD Systems’ recently published white paper on Convenience Store Decisions, Using Today’s Data to Plan Tomorrow’s Strategy explores strategy development and the decision-making process. Included is a case study of Snappy’s Convenience stores, where they share how they succeeded in creating an effective strategic review process, using their data.
Data analysis empowers today’s business leaders. It can provide timely, valuables insights into the past, present, and future – essential information for strategic decision-making that will lead to success in the future.