With the advent of a new year and decade, there’s no better time to address the topic of format as grocers continue to gravitate toward smaller store sizes, an accelerating trend. As the stage is set for what’s next, during 2020 we experienced increased preparation of meals at home, reaffirming grocers’ place in our lives. As we head into 2021, grocers will strive to intelligently implement planning from an omni-retailing stance, influencing the types of stores and how they’re networked. Here are considerations for how small formats are part of that future strategy.
Why and What Is Downsizing Format?
As a trend over the past decade, retail footprints have steadily decreased in size. The average grocery store size is currently 38,000 square feet, with small formats ranging in size between 12,000 square feet and 25,000 square feet, and even smaller in urban markets. Retail as a whole has focused on reducing footprints for a decade, chiefly to manage cost and profitability. The cost of capital to develop and deploy grocery real estate is nearly double that of conventional retail, based upon the fixtures, furnishings and equipment required to fit out a store. As work from home grows, it enables a move toward shopping closer to home. This shift in how we shop is an opportunity for grocers to re-evaluate their store portfolio, clustering network and formats, significantly leveraging new real estate opportunities.
The labor needed to operate and serve customers is higher, and grocers and equipment vendor partners are continually seeking ways to deliver fresh or prepared foods with greater efficiency and high quality. Other factors driving smaller formats include more narrowly designed brands targeting product offerings focused on specific segments, such as everyday low prices and fresh campaigns. Another consideration is larger grocers that target geography/ demographics to serve urban markets.
Continue reading your story on the app
Continue reading your story in the magazine
On the Menu
RETAIL FOODSERVICE EQUIPMENT INNOVATIONS ARE KEEPING PACE WITH GROWING CONSUMER DEMAND.
Kwality Foods: Reviving Ancient Immunity Boosting Capabilities
From a humble family-run business to becoming a leading manufacturer of spices and masalas, Kwality Foods has come a long way. The company offers the widest range of more than 50+ products in 155+ different pack sizes to satisfy all that a homemaker needs, all the while thinking of the consumer’s convenience.
Room for E-Commerce Improvement
CLOSE THE PICKUP AND DELIVERY GAP IN 2021.
MagSon® Eyes ₹120 Crore, To Add 30 More Stores Over the Next 2 Years
WITH OVER A DECADE OF EXCELLENCE IN UNDERSTANDING CUSTOMER NEEDS AND DELIVERING EXCELLENT FROZEN AND GOURMET FOODS TO CONSUMERS, MAGSON® HAS EARNED A REPUTATION FOR OFFERING FRESH AND HIGH QUALITY PRODUCTS AT BEST PRICES. DUE TO THIS, IT IS FAST BECOMING THE FOOD RETAILER OF CHOICE FOR EXPATRIATES, NRIS, TOURISTS AND GLOBAL FOOD ENTHUSIASTS ALIKE…
Getting Prices Right in 2021
NEW TECHNOLOGY ISN’T THE ONLY THING FOOD RETAILERS NEED FOR BETTER OPTIMIZATION.
THE FOOD AND CONSUMABLES INDUSTRY CONTINUES TO DEVELOP ITS POLICIES REGARDING THE LGBTQ+ COMMUNITY.
Two Masks Is the New Mask
What retailers need to know about PPE, sanitation and COVID-19 in 2021.
Empire Spices & Food Ltd: Enhancing Consumer Convenience by Using Technology for Product Innovation
ESTABLISHED IN 1994, EMPIRE SPICES & FOODS LTD IS A FOOD PROCESSING AND MANUFACTURING COMPANY BASED IN NASHIK, MAHARASHTRA. THE BRAND IS A PROFESSIONALLY MANAGED FAMILY BUSINESS ORGANISATION AND THEIR PRODUCTS CATER TO THE EVERYDAY CULINARY NEEDS OF THE MASSES. IN A EXCLUSIVE INTERACTION WITH PROGRESSIVE GROCER, ANAND RATHI, DIRECTOR, EMPIRE SPICES & FOODS LIMITED TALKS ABOUT THE BRAND JOURNEY, ACHIEVEMENTS AND FUTURE ROADMAP.
Consumers Shift to Immunity Boosting Foods as the Pandemic Rages Unabated
RECENT SCIENTIFIC DEVELOPMENTS IN THE FIELD OF BOTANICALS TO IMPROVE IMMUNE HEALTH HAVE CREATED AN OPPORTUNITY FOR MAJOR BRANDS AS WELL AS STARTUPS TO LAUNCH PRODUCTS CONTAINING THESE INGREDIENTS...
All Natural Nutrition Energy Bar Co, Happy Bars Celebrates The Sale of ‘One Millionth Bar'
HAPPY BAR, THE ALL NATURAL NUTRITION ENERGY BAR IS CELEBRATING THE SALE OF ‘ONE MILLION BARS’ IN THE MARKET. THE FLAGSHIP PRODUCT OF FITSPORT NUTRITION FOODS, WITH ‘NO SUGAR AND NO PRESERVATIVES’ AT ALL, IS TURNING OUT TO BE THE NEXT BIG THING FOR THE CONSUMERS WHO GIVE PREFERENCE TO HEALTH AND NUTRITION DESPITE THEIR BUSY SCHEDULES.
¡Fantástico! Top Folk Remedies from Around the World
We asked Reader’s Digest editors at our international editions to share their popular home health treatments. Here are the ones that check out with scientific research.
MORE USES FOR NEW MRNA TECHNOLOGY
But First, Coffee
It’s a rare day when you open up TikTok or Instagram Stories and see your fave influencers *without* a giant Dunkin’ iced coffee in hand. And for years, Starbucks’ ubiquitous cups have been seen as a status symbol—even considered an actual accessory.
The Top Secret to a Healthy Gut
50-POUND WEIGHT GAIN, ANXIETY, AND DIGESTIVE PROBLEMS
9 Proven Benefits of Quercetin
Research shows that quercetin, a type of antioxidant found in plant foods such as leafy greens, berries, and broccoli, can help manage numerous health problems, from heart disease and blood vessel problems to allergies and chronic fatigue.
Immune-Boosting Winter Salad
Cold weather doesn’t have to mean heavy, dense meals. This light-and-lively salad is proof.
IMPROVING Your Health with a Plant-Based NUTRITION PLAN
As the plant-based trend continues to bring healthy alternatives to restaurants and grocery aisles, millions of Americans are opting for a nutrition plan that centers on fruits, vegetables, whole grains, nuts, seeds, beans, and legumes.
Back to School
The upcoming school year will look very different for students, teachers, and families. Keeping classrooms healthy and safe for students is crucial. Here are a few tips to make the school year fun, uneventful and most important healthy!
STOP FUELING THE FLAMES
THINK OF CHRONIC INFLAMMATION LIKE A RIVER—SUBTLE, BUT OVER TIME IT CAN CARVE MOUNTAINS. IT SHOWS UP IN HEART DISEASE, TYPE 2 DIABETES, BRAIN HEALTH DECLINE, AND MORE. DISCOVER HOW NATURAL THERAPIES CAN HELP TAME THE FLAME.
THE ENEMY WITHIN
UNCONTROLLED INFLAMMATION UNDERLIES MANY CONDITIONS COMMON IN PEOPLE WITH ARTHRITIS. LEARN HOW TO TAMP IT DOWN.