The convenience store channel is growing rapidly if the numbers we are seeing are anything to go by. New stores opening and existing stores expanding. Some stores are switching from other formats to the convenience model. We are seeing this in the newsagency channel particularly. It appears that Australian consumers are embracing the convenience shopping experience in greater numbers.
We entered the convenience channel recently, at the c-store trade show in Melbourne. A key difference between the convenience and other channels in which we operate is the supplier engagement with technology. Convenience suppliers want technology solutions in-store which feed them accurate data on time. We like this as it drives better business outcomes for the small business owners.