What’s ahead for the grocery industry?
As reported by Facts, Figures & the Future, a recent study by Willard Bishop consultancy uncovered some interesting findings: “By 2017, traditional grocery stores will lose another 1.6 percentage points of dollar-spend market share to 44.9%—down from 46.5% in 2012. Though the umbrella figure of traditional grocery stores (including supermarkets, fresh format, limited assortment, super warehouse and other formats) will rise to 40,394 from 40,245, the conventional supermarket count will dip (to 25,821 from 26,257), while fresh-format, limited-assortment and super-warehouse stores will rise. Simultaneously, convenience stores will gain 1.1 percentage points of dollar-spend market share to 16.0%—up from 14.9% in 2012—as they become even more ubiquitous with 161,342 retail locations. Also, non-traditional grocery stores will grow by 0.5 percentage points of dollar-spend market share to 39.1%—up from 38.6% in 2012.”
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