7-Eleven and convenience stores are winning retail in Asia while private label and ecommerce are global trends

Shoppers are shifting multi-national brands to retail store brand products.

For the first time in over a decade, shoppers in the U.S. actually made more trips to stores in 2016, taking an average of 109 trips per household. Despite this increase in trips, however, overall spending was flat, as 85% of those additional trips had smaller basket sizes (less than 15 items per trip) than the year prior. In Western Europe, where we see the “little and often” shopping trends (for example in the U.K.), we see more private-label items in these smaller shopping baskets, and the development of modern convenience stores is also helping private-label growth.

In Asia the convenience sector is growing the most. 7-eleven in Taiwan, Thailand or anywhere in Asia. It is where most of the innovation is happening.

7-Eleven Taiwan’s operator President Chain Store Corp. announced Jan. 29, 2018 that it has opened its first experimental unmanned store in its corporate headquarters, meanwhile rival Family Mart will be launching its first wave of technology concept stores making use of artificial intelligence to make coffee and offer other services.

Automated 7-11 and large 7-11 with laundry services and built-in restaurant

By 2025, the share of online grocery spending could reach 20% and $100 billion in annual consumer sales.

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