Checking Lang For My Part
Checking Lang For My Part
There are various uncontrollable factors that may affect Uncle John's Convenience
Store, including:
Natural factors: Natural disasters, climate change, and environmental regulations may
have an effect on Uncle John's Convenience Store. For instance, if the store is
damaged by a hurricane or flood, its ability to operate and generate revenue could be
impacted. Additionally, Uncle John's Convenience Store may need to modify its
business practices to comply with new environmental regulations.
Competitive Factors: Due to the intense competition in the industry, new competitors
can enter the market at any time. Uncle John's Convenience Store's market share,
pricing strategy, and sales may alter as the competitive environment evolves.
2. Industry Trend
Loyalty Programs - Loyalty programs have become common in the convenience store
industry because of their ability to build a loyal client base. The Philippines' economy is
beginning to show signs of expansion, giving companies the chance to build loyal
customer bases. The five loyalty programs that now dominate the Philippine market are
the Cliqq program from 7 Eleven, the SM Advantage Card from SM Retail, the Value
Card from Petron, the HappyPlus program from Jollibee, and the Suki Card from
Mercury Drug. There are no customer loyalty programs offered by Uncle John's.
Reusable Bags and Straws - Reusable bags and straws have become prevalent in the
convenience store industry as a result of the growing consumer demand for sustainable
and environmentally friendly goods. People are actively seeking ways to reduce their
carbon footprints as they become more ecologically conscious. Convenience stores
respond to this trend by offering eco-friendly alternatives to single-use disposable bags
and straws. Currently, Uncle John's only uses paper bags; they do not, however, use
reusable or recyclable bags or straws.
Opportunities
One reason for the increasing number of menu options in Uncle Johns is to cater
to the diverse tastes and preferences of their customers. This may also give an
increasing number of menu options in Uncle Johns is a strategic move that can
help the chain stay competitive, attract new customers, and increase sales and
revenue.