INTRODUCTION TO GROCERY BUSINESS AND SHOPPING
This blog is dedicated to giving you up-to-date information, analysis, news, market trends and everything about the world of grocery in Poland, U. S, Canada and other parts of the world.
It is no news that the emergence of supermarkets has changed the grocery industry in the U.S, Europe and other regions of the world. Primarily, a grocery store is a retail outlet that sells perishable and non-perishable foods, ranging from fruits, delis, butchers, cans bottles and boxes. But competition is making some consumers to be confused about identifying pure groceries and other types of retail stores. Formerly, few stores serve shoppers in a community or vicinity with their foods and beverage needs. Now, there are dozens of retail channels in all nooks and cranny operating as partial groceries but not entirely supermarkets.
In the early years of this century, super-centers and warehouse clubs dominated the marketing, threatening the existence of groceries and supermarkets. But things have changed; the competition is now tensed up, the possibility of some grocery businesses not surviving the competition is also on the high side because of the emergence of retail channels, including drugstores, dollar stores, and limited assortment chains. The present and future dominant threat to grocery business and shopping is e-commerce. It is growing to be the ‘Goliath’ in the industry. If you can keep a date with us on this blog, you will find all the secrets that will make you a ‘David’ as a grocery investor/business owner and a grocery shopper. For the shoppers, we are going to be unveiling secrets that will help you save a lot of money while shopping for your daily needs.
The Grocery Industry Is Still Viable
No matter the threats and competition in the industry around the world, the grocery industry is still sustainable and profitable. If you consider today’s busy lifestyle, a situation where professionals don’t have time to do their shopping. People can now be hired to shop, arrange and monitor consumables in different homes. This indicates a promising future for grocers, investors, shoppers and any individual who wants to make a living in the grocery industry.
I feel elated about the industry because there is still an enormous potential in it, yet, it is simple and inexpensive to start. You don’t need to be a college graduate to earn $50,000 and above as a grocery business owner. Another aspect of the business is the ability of personal grocery shoppers to make money with cell phones and a functional vehicle. That alone will help to reduce the unemployment rate in developed nations if people can take advantage of it.
Because of the reduction in average death rate, the population of senior citizens (the elderly) who are not allowed to go out or get involved in activities because of the depreciation of their health is growing. This group of people is handicapped and requires the services of trusted grocery shoppers who will help them in getting some necessary items.
4 Changes in Shoppers Attitude to Buying Grocery Items
- The Widening Choice Of Shoppers
The one-store-for-all style is changing because shoppers now prefer to get their items from specific grocery stores selling focused items. “When a customer walks into a store of 40,000 items and only wants to buy 30 of them, that can result to a terrible customer experience,” said Chad Arnold, president and CEO of the online grocery service Door-to-Door Organics. New grocers should research for specific items that are of high demand in their area and use them as the first stock in their grocery shops. This will enable them to start making sales within a short time.
The market pendulum is swinging towards the smaller store formats. Even Wal-Mart andKroger are expanding their smaller store formats to beat the competition
- Multiple Channels Stores Are Taking The Lead
This supports the above fact. In a quest to fulfill their grocery shopping needs, it has been found that consumers shop in different types of shops, according to Deloitte’s 2013 American Pantry report. The change in buying attitude of consumers simply changed because they are looking for a mix of values which might not be found in one grocery store or supermarket.
- Private Label Might Take Over
Private label groceries are gaining much popularity and the market analysis is favoring them. One of the IRI reports stated that “More than 90% of consumers believe private-label solutions offer the same or better value versus their national brand counterpart, and more than 80% believe the quality is the same or better,” It is a fact that consumers assume that private label groceries has the highest quality. The economy of a particular country and price will determine in the long run whether private label groceries will fully take over the market
- Fresh produce is simply the favorable choice.
Items moving the market and will continue to do so in a very long time are fresh produce. They stay in demand no matter the condition of the economy. In one of the surveys conducted byPackaged Facts, they stated that “ (70%) of consumers say the produce department is the most important, followed by fresh meat, poultry, and seafood (60%); store brand products (36%); local farm foods/produce (35%); and the in-store bakery (29%)”.
New entrepreneurs will always ask “how do I start?” We will be answering that question and many other questions in our subsequent articles.
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