Small convenience stores seeing a resurgence

The video discusses the revival of a local store by the community, emphasizing the importance of diversification and local products. It highlights the store's offerings, including handmade goods, convenience items, and unique local products. The video also explores market trends, noting that big supermarkets are losing market share to convenience stores, which are growing despite economic challenges. The quality of products and services, such as cashback and delivery, contribute to this growth.

What strategy did the local store adopt to attract new customers?

• Focusing on local products and services

• Expanding to multiple locations

• Offering international products

• Reducing prices significantly

Which service is NOT mentioned as being offered by the local store?

• Online shopping

• Credit card acceptance

• Cashback

• Free delivery

What is causing big supermarkets to lose market share?

• Limited product range

• Higher prices

• Competition from local convenience stores and luxury stores

• Increased online shopping

What percentage of the UK grocery market is accounted for by convenience stores?

• 25%

• 20%

• 15%

• 10%

By how much did sales in convenience stores increase over the last year?

• 5%

• 4%

• 3%

• 2%