The Future of Convenience Stores: How 7-Eleven Wins with Innovation & Customer Focus
Worried brick-and-mortar stores are a relic of the past? Think again!
With 3,300 stores across Asia, 7-Eleven is a convenience store chain that caters to the fast-paced lifestyle of busy patrons around the world. It is levelling up its omnichannel retail strategy, expanding its digital ecosystem whilst preserving its 24-hour in-store experience. With its dual approach in innovating its customer experience (CX), it hopes to push the limits of their traditional service operations to support this new customer-to-brand relationship, opening new gateways in engaging with their customers.
As the Chief Executive Officer, Danni Peirce unravels the phenomenal reality where digital transformation is sweeping the China market with an e-wallet penetration of 95%. To keep up with changing times, they integrated their platforms to support omnichannel management, allowing real-time synchronisation of product information and stock. In partnership with localised payment platforms, they cater to new, digital-savvy generation of shoppers.
She further expounds on how 7-Eleven is evolving beyond physical stores by:
- Tapping into loyalty benefits in the form of e-vouchers, ready-to-eat subscriptions, coffee subscriptions drawing more customers in and amplifying engagement.
- The launch of different payment methods such as facial and palm recognition to provide a seamless online and offline experience!
- Partnership with emerging startups for an unmatched experience in the retail convenience scene – introducing futuristic technologies such as AI robots in unmanned stores!
- Dive into an in-depth understanding of customers’ needs, reimaging your CX when strategizing a point of differentiation to combat the ever-changing retail landscape – with 70% of Hong Kong locals voting 7-Eleven as their most-loved brand!