Convenience

Convenience

A small-format retail outlet that offers a limited selection of basic and immediate consumption items, such as packaged foods and drugstore products.

It operates long hours for shopper convenience, catering to quick and essential purchases.

Related Terms

Brand positioning

Refers to the unique offering or key differentiations of the brand’s products for its customers.

Market Basket Analysis

A data mining tool used to identify patterns of items frequently purchased together by analyzing transaction

Lifestage

Refers to one of the distinct phases within a retail business’s lifecycle, encompassing its birth, growth,