50% of U.S. households say that a supermarket is their primary shopping location for groceries, with the average family spending $110 per week on food to prepare and eat at home. (Statista), #10. Grocery and food retailers are responding to an unprecedented demand that strains the entire ecosystem. (U.S. Department of Agriculture), #7. Concerning the size diversification of the retail stores, the majority are large units like hypermarkets, supermarkets and discounters with a percentage of 62% of the total number of stores. This website uses cookies to improve your user experience while you navigate through the website. These stores generate approximately $1 million in business annually. That creates an average weekly sales figure for each store of just under $400,000. (Food Marketing Institute). Industry News Sainsbury’s and Simply Fresh to extend partnership. Retail Industry is segmented by Product (Food and Beverage and Tobacco Products, Personal and Household Care, Apparel, Footwear, and Accessories, Furniture, Toys, and Hobby, Industrial and Automotive, Electronic and Household Appliances, Pharmaceuticals, Luxury Goods, and Other Products), By Distribution Channel (Hypermarkets and Supermarkets, Specialty Stores, Department Stores, … One prong of Amazon's grocery strategy is its acquisition of Whole Foods, for which Amazon paid $13.7 billion. Sales by the 20 largest food retailers in the United States totaled more than $515 billion in 2016, which accounted for almost two-thirds of all stales created. Managing demand fluctuations In `red zone' markets where the virus is spreading, virtually every retail outlet - except grocery … (Statista), #22. In its advanced monthly sales for retail and food services, May 2020 (PDF, 244KB) they include the amount spent in the US retail industry, including motor vehicles and parts and food services. (Forbes), #20. Explore our insight into retailers’ strategies, trading and marketing priorities, and more. Market research on the grocery retailers industry. Know about food and beverage industry news on Indian retailer snacks; Indian Retailer Bureau; 3Min Read. (John Dunham and Associates), #2. UK retail industry warns of higher food prices with no EU trade deal Updated / Friday, 11 Dec 2020 07:10 Britain sources 85% of its tomatoes from the EU in January compared to 30% in June Look for grocery stores to continue finding new ways to market ready-to-eat foods that require minimal prep time to take advantage of the higher costs of restaurant food. There is, therefore, a potential for efficiency improvements in the grocery retail supply chain through the integration and development of new systems of packaging and logistics. #1. These households will spend about $4,000 on food make at home, while spending over $3,100 on food away from home. The retail grocery industry considers grocery stores and supermarkets an interchangeable term. (U.S. Department of Agriculture), #15. Millennials are the most likely to use internet resources to purchase groceries, with 6% of their purchases coming through an online forum. Another is Amazon Go, … The average retail grocery location in the United States carries 38,900 different products for their customers. Although it has grown at about 4.5 percent annually over the past decade, that growth has been highly … Leading food retailers in the United States include Kroger, Costco, and Walmart. UK retail industry suffered worst year on record in 2019 This article is more than 10 months old. The acquisition price implies a 12-month price to earnings ratio for Whole Foods of 31x, versus a 14.4x average for the S&P 500 Food Retail Index. In 2017, there were 2.75 billion coupons redeemed at retail grocery locations, with one in three people saying that they look for coupons frequently online for their food purchases. Online-only store channel shopping frequency went from 28% in 2016 to 43% in 2017. We also use third-party cookies that help us analyze and understand how you use this website. Within Retail … The market has a current value of $2.2 billion, with companies like Blue Apron and Plated delivery ready-to-make meals through the mail. In 2017, the online grocery sales generated in the United States were just over $14 billion. Online grocery is still one of the fastest-growing channels of the grocery retail sector, but growth slowed for the third consecutive year in 2018. In a 2016 survey, 72% of consumers said that they had tried online grocery shopping and that their experience was “positive.” (Statista), #17. Of your membership thanks very much, Jessica and Louise, for time. 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