MarketLooks, from MarketResearch.com, are concise 15-30 page summaries of popular full-length market research reports published by Packaged Facts. This MarketLooks report has been compiled from the following full-length study:
Title: The Future of Food Retailing in the U.S.
Published: March 2006
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The following is the abstract from the full report:
Competition for the food dollar has never been greater, with more than a dozen types of retailers now vying for share of a retail market that is estimated to be worth anywhere between $450 billion and $612 billion. Traditional supermarkets are increasingly facing an identity crisis as they find themselves pressured by price/value players like Wal-Mart Supercenters and warehouse clubs like Costco and Sam’s Club on one side, and natural foods chains like Whole Foods on the other. Although the nation’s 34,000 supermarkets are still a dominant force in food shopping, their share of this business has rapidly declined, as has the frequency and extent of consumer shopping trips made to these outlets. Major demographic, lifestyle, and technological changes are creating a fertile environment for new concepts to entice shoppers, capture market share, and indeed re-invent the grocery industry.
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