Growing Food Prices Put The Sting To Traditional Grocers
The sales of stores pushing low prices and good-value jumped between 2001 and 2008, while traditional supermarkets’ sales fell from 62.8 to 57.8 percent. Over the same period, nontraditional grocers, such as warehouse club stores and supercenters, grew their sales share from 11.7 to 18.1 percent.
Shoppers looking for even more deals starting shopping at no-frills, deep-discount retailers that sell branded food manufacturers’ surplus goods, inventory overstock, and reclaimed goods. Although food sales through stores selling surplus, overstocked, or damaged products are a small percentage of what gets sold in U.S., however they play a growing role in giving consumers the most for their money. To mention the Amelia’s Grocery Outlet, a salvage food chain in Southeastern Pennsylvania, reported a 25-percent increase in sales in 2008, up from a 17-percent gain in 2007.
While consumer food prices are expected to be moderate through 2009 from their 6.4-percent increase in 2008, the prospects for continued economic downturn and recession like conditions will continue persuade consumers to seek out discount supermarkets and nontraditional stores. In order to be able to provide for their families.
Annette Clauson, Phil Kaufman. Amber Waves. June 2009.
If you enjoyed this article and you would such as to obtain even more details concerning Wiktionary kindly see our own webpage.