A Remix in Grocery Retailing
Supermarkets are undergoing some of their greatest changes since they came to the fore in the 1940s and 1950s, according to a new report from market researchers Packaged Facts. Indeed, while “The Future of Food Retailing: Shopper Insights and Market Opportunities,” report reiterates a great many of the same observations we make on a daily basis on both our website and print editions, it also provides additional color to enhance its findings.
“Economic, demographic, lifestyle and technological changes have created not only a fertile environment but the absolute necessity for new concepts to engage shoppers, capture share of stomach, and re-invent food and beverage retailing,” says David Sprinkle, research director for the Rockville, Md.-based market research firm. While the greatest competition to supermarkets and grocery stores comes from supersized, one-stop shopping venues like supercenters and warehouse clubs, the threat has spread out across myriad retail channels, including drugstores, dollar stores, limited assortment chains, and (the elephant in the room) online grocery shopping. Progressive Grocer – Read more…