
Specialty Food Stores
Description
Brief Excerpt from Industry Overview Chapter:Companies in this industry sell products such as meat, fish, fruits and vegetables, baked goods, candy, and gourmet foods from physical retail locations, often specializing in a single product category. No major companies dominate the industry.COMPETITIVE LANDSCAPEConsumer spending and tastes drive demand. The profitability of individual companies depends on effective merchandising and the ability to generate store traffic. Large companies can offer a wide selection of products and have advantages in purchasing, distribution, and marketing. Small companies can compete effectively by offering locally sourced and specialty products, providing superior service, or serving a local market. The US industry is highly fragmented: the 50 largest companies account for less than 20% of sales.PRODUCTS, OPERATIONS & TECHNOLOGYMajor products sold by specialty food stores include fresh meat and poultry accounting for about 30% of sales, fresh fruits and vegetables for about 20%, candy, prepackaged cookies, and snack foods for about 10%. Companies may place special orders for customers looking for unique items.
Table of Contents
- Industry Overview
- Quarterly Industry Update
- Business Challenges
- Business Trends
- Industry Opportunities
- Call Preparation Questions
- Financial Information
- Industry Forecast
- Web Links and Acronyms
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