Loop Neighborhood Market is partnering with Engage3, which will track and optimize how customers perceive the convenience-store chain's fuel pricing relative to its competitors.
The partnership aims to help Loop increase revenue and drive store trips.
Davis, California-based Engage3's Price Image Management data combines artificial intelligence (AI)-enabled web crawls, professional in-store audits and self-serve in-store and online data collection.
- Vintners Distributors, which owns Loop Neighborhood Market, is No. 54 on CSP’s 2024 Top 202 ranking of U.S. convenience-store chains by store count.
Through this partnership, Engage3's pricing solutions will give Loop Neighborhood Market insight into competitive pricing dynamics. This collaboration will enable the Fremont, California-based retailer to optimize its offerings and continue driving customer loyalty across the more than 50 locations throughout California.
“As we continue to innovate and redefine the convenience retail experience, it's essential that we stay ahead of the curve when it comes to competitive pricing,” said Varish Goyal, CEO of Loop Neighborhood Market. “Our partnership with Engage3 enables us to harness the power of real-time data and advanced price intelligence to better serve our customers. By aligning our pricing strategy with their expectations, we can not only maintain our commitment to offering fresh, high-quality products but also strengthen the trust and loyalty we've built over the years. This collaboration is a key step in ensuring that Loop remains a leader in both value and customer experience.”
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