Grocery Sales in 2017

Posted on August 12, 2013 by bermanevansretail
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.”
Click the chart to read more.

 

Posted in Part 2: Ownership, Strategy Mix, Online, Nontraditional, Part 3: Targeting Customers and Gathering Information, Part 5: Managing a Retail Business, Part 6: Merchandise Management and Pricing | Tagged , , , , , | 1 Comment

Will mySupermarket Make It in the USA?

Posted on August 10, 2013 by bermanevansretail
mySupermarket has become a popular tool for price-conscious British shoppers. Now, it is coming to the United States.
As reported by JWT: 
“With consumers in many markets anxious about the cost of everyday goods and exceedingly price-sensitive, shoppers are ever more apt to research the lowest-price options. In response, mySupermarket aims to “bring price transparency to the shopping experience and help you shop smart.” The online-shopping service launched in 2006 in the U.K., where it claims 2.9 million registered users, and is now expanding to the U.S.”
“In the U.S., the service lets shoppers choose among staples sold by eight major retailers (Amazon, Walmart, Target, Soap.com, Diapers.com, Drugstore.com, Walgreens and Costco), alerting users when they can save further by choosing a different size or alternative product. Shoppers check out via mySupermarket, which “optimize[s] your cart to get you free shipping,” according to a promotional video. According to TechCrunch, the company is also planning a mobile app that would notify shoppers about relevant promotions when they’re in stores.”
Click the image to learn more.

 

 

Posted in Global Retailing, Online Retailing, Part 3: Targeting Customers and Gathering Information, Part 5: Managing a Retail Business, Part 6: Merchandise Management and Pricing, Part 7: Communicating with the Customer, Technology in Retailing | Tagged , , , , , , , , , , , | Leave a comment

Retail Finance Quiz: How Would You Do?

Posted on August 8, 2013 by bermanevansretail
Check out these two financial management quizzes from the Retail Owners Institute. Test yourself. 🙂 :
  • The ROI’s Quick Quiz for Retailers: The Income Statement
  • The ROI’s Quick Quiz for Retailers: The Balance Sheet

Just click here.

 

Posted in Part 5: Managing a Retail Business, Part 6: Merchandise Management and Pricing | Tagged , , , , , , | 3 Comments