POPSUGAR Food

Boutique Supermarkets Could Be Big in 2011

Nov 1 2010 - 6:50am

Grocery chains are adapting to the times by adopting eat local practices [1] and sustainable seafood standards [2], but the biggest change consumers worldwide will see in the coming year could be the size of their supermarkets.

Shrinking supermarkets aren't a brand-new concept: Two years ago, we reported that Safeway, Jewel-Osco, and Walmart were focusing on stores with smaller square footage [3] in hopes to capitalize on the segment of time-strapped shoppers who don't want to spend hours searching for what they need.
Now, the small-scale supermarket movement is making its rounds outside of the States. Asda [4], a British supermarket company that's a subsidiary of Walmart, is also changing its business model to hone in on smaller stores [5].

There are additional reasons — such as faster inventory turnover, greater appeal to single-person households, and more expensive offerings — to incentivize retailers to move to a smaller-scale format. With mom-and-pop shops and slow food [6] principles gaining traction, it's possible that we're ushering out the era of Walmart Supercenters and SuperTargets. Do you agree?


Source URL
http://www.yumsugar.com/Global-Trendwatch-Supermarkets-Shrinking-Size-11695505