According to a new report published by dunnhumby, a leader in customer data science, QuikTrip, Wawa, and Sheetz are the top retailers in the $654.3 billion U.S. convenience market. The Retailer Preference Index for the Convenience Channel (RPI) surveyed nearly 7,000 U.S. households to determine which of the top 27 c-store retailers have the strongest combination of financial performance and consumer emotional connection. The retailers with the highest overall index scores are: 1) QuikTrip, 2) Wawa, 3) Sheetz, 4) Kwik Trip/Kwik Star, 5) RaceTrac, 6) Casey’s General Stores, and 7) Maverik.
“There is a raging battle for the stomach that is being fought not only by grocery retailers, fast-food restaurants, and food delivery services, but also now by convenience stores. The convenience retailers winning today and substantially growing are catering to the time-starved consumer by offering not only groceries, but also quality fresh and ready-to-eat food,” said Jose Gomes, president of North America for dunnhumby.
The RPI study explored the evolving food retail landscape to help retailers navigate an increasingly challenging market. The overall RPI ranking evaluated retailer performance on five pillars: convenient quality, price, fresh and healthy, discounts and rewards, and digital.
The survey also revealed that the biggest difference in c-store retailers from those at the top and bottom of the ranking is size. Smaller regional retailers outperform most of the national retailers by better adapting to the evolving needs of their customers. Additionally, focusing on fresh, healthy, and ready-to-eat items are the biggest differentiators for top performing retailers. The top four convenience retailer in the RPI—QuikTrip, Wawa, Sheetz, and Kwik Trip—have made foodservice a priority and a key differentiator from other convenience stores. But by also focusing on fresh, they are positioning themselves to be able to steal trips from supermarkets and quick-service restaurants.
Cross-shopping is on the rise between the convenience, grocery, dollar, drug, and quick-serve restaurant channels. Nearly seven out of 10 convenience customers regularly shop each of the other channels each month. Category differences appear to somewhat buffer convenience from drug and the growing dollar channels.
The U.S. Food and Drug Administration (FDA) will be continuing its enforcement discretion policy for compliance with certain FDA Food Safety Modernization Act (FSMA) supply chain program requirements applicable to receiving facilities that are co-manufacturers.
Stevia-based sweetener company SweeGen has announced that the European Food Safety Authority (EFSA) food additive and flavoring panel found no safety concerns for its bioconverted rebaudioside M (reb M) stevia leaf sweetener.
U.S. Secretary of Agriculture Sonny Perdue has announced the establishment of the U.S. Domestic Hemp Production Program. This program, as required by the 2018 Farm Bill, creates a consistent regulatory framework around hemp production throughout the United States.
U.S. Congressman Roger Marshall (R-KS), along with Congressman Anthony Brindisi (D-NY), introduced The Real Marketing Edible Artificials Truthfully (MEAT) Act in the House of Representatives on October 28.
The FDA recently announced that it does not intend to take enforcement actions on new nutrition labeling requirements for the first six months following the January 1, 2020 compliance date for businesses with more than $10 million in annual food sales.