A new paradigm for convenience retailers – moving beyond the traditional c-store format
In today’s dynamic retail environment is the current C-Store format sufficient alone to meet changing consumer expectation for hyper-convenience? Capital and labor intensive, with growing footprints and product ranges, the C-store is increasingly satisfying only one segment of an increasingly complex retail landscape. Underserved and underexploited, opportunity is passing by prime locations unable to conform with the traditional model. Profit pools going untapped. Fortunately, there’s a new generation of micro-retail formats on the block, leveraging the pareto principle to offer smart and targeted high-margin product ranges, in a low capital and labor lite format.
About Jake
Jake Patton is the Head of Sales, North America at JUXTA, an autonomous-micro retail technology start-up company under Gilbarco Veeder-Root. Prior to JUXTA, Jake led the sales efforts for Invenco, who was acquired by GVR in 2022. With over a decade of experience in the fuel, convenience, QSR, and energy retail sectors, Jake brings experience working on the retail side as well as the vendor side. Getting his start leading the marketing team at convenience store chain BellStores based in Ohio, Jake brings a unique perspective when it comes to the marriage of convenience retail and technology. Primarily focused on FinTech, previous stops at ZipLine (acquired by PDI) and Invenco have allowed Jake to help shape the conversation around payments and loyalty.