Publix and Walmart are swapping ad’s at each other in an attempt
to garner market share from one another all the while Wawa, Thornton’s and
RaceTrac are expanding into the state at record rates trying to keep up with 7
Eleven which has refocused it eye’s on Northeast Florida. Restaurant sale are
slipping and grocerant prepared food is one reason.
The United States Census reports that 50% of adults over the age
of 18 are single. Can anyone be surprised by the developments in the retail
food space? Nielsen reports that in 2013 there are more convenience stores in
the United States than the number of drugstores, supermarkets and dollar stores
combined.
Convenience stores
account for 34.8 percent of all retail outlets in the United States. The
average shopper who enters the store is in and out in 3 minutes, 33 seconds. Wawa
does not sell beer in any of their northeast locations and less than half of
the northeast locations offer gas. Wawa
has built its reputation selling fresh prepared food. 7 Eleven currently is
opening about 50% of its new locations within the United States without
gas. Food and fresh “better for you”
food is the driving force for 7 Elevens growth.
With Walgreens
entering the fresh food market place Floridians will have another outlet to
find fresh prepared meal components.
Restaurant industry executives will need to adjust menu and marketing
messaging in order to maintain market share.
Interested
in learning how the 5P’s of Food Marketing can edify your retail food brand
while creating a platform for consumer convenient meal participation, differentiation
and individualization contact us via Email us at: grocerant@q.com or visit
Facebook.com/Steven Johnson, Linkedin.com/in/grocerant or
twitter.com/grocerant
Hmm, good job! This is really something!
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