[THE FOOD CHAIN] : Supermarkets

Overview from ICSC and JLL of the supermarket sector
Sources :

– “Out with the old, in with the new, why the grocery landscape is shifting” – Retail shop Topic – JLL September 2014 – Pdf
– “Market share” – SCT ICSC –  February 2015 – Pdf

Key elements of supermarkets trends :
– Traditional supermarkets are losing market shares because consumers are splitting their grocery shopping across multiple channels : fresh producers, drugstores, convenience, online…
– “Consumers now feel that anything you shop for can be found cheaper if you are willing to shop for it,
– Ongoing consolidation in the grocery sector
– Some supermarkets are transforming themselves into hybrid food-service and retail emporiums
– Landlords could employ a similar strategy when retenanting shopping centers that have lost large-format grocery anchors owing to sector consolidation : instead of a single grocery anchor, the shopping center could offer multiple highly specialized food tenants
– Online grocery sales are set to grow from about $23 billion last year to nearly $100 billion by 2019, which would amount to 12 percent of total grocery spending; this could enhance drive-through formats

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