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Grocery Stores and Supermarkets
First Research, Oct 2009, Pages: 10
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Executive Summary
Brief Excerpt from Industry Overview Chapter:
The US retail grocery industry includes about 70,000 grocery stores with combined annual revenue of almost $500 billion. Large companies include Ahold, Kroger, Safeway, and SUPERVALU. The industry is concentrated: the 50 largest companies generate about 70 percent of revenue.
Convenience stores, discount stores, and warehouse clubs and superstores that sell groceries are covered in separate industry profiles.
COMPETITIVE LANDSCAPE
Population growth and consumer tastes drive demand. Because margins are low, the profitability of individual companies depends on high volume sales and efficient operations. Large companies can offer a wide selection of products and have advantages in purchasing, distribution, marketing, and finance. Small companies can compete effectively by offering specialty products, serving a local market, or providing superior customer service.
Discount stores and warehouse clubs have aggressively pursued the retail grocery market, and Wal-Mart is the largest seller of groceries in the US. Other competition includes specialty food stores, convenience stores, drugstores, dollar stores, and, to some degree, restaurants.
PRODUCTS, OPERATIONS & TECHNOLOGY
Major products sold include perishable foods (50 percent of industry sales); nonperishable foods (25 percent); and nonfood items (20 percent). Perishables include meats/poultry/fish, produce, dairy, frozen foods, and deli items. Nonperishable foods (or dry grocery products) include most packaged goods, such as cereals, snacks, and soft drinks. Nonfood items include health and beauty products, general merchandise, and medication (including prescription drugs).
The industry includes national and regional chains and independent retailers. Large ...
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