Why did legacy Grocery stores Abandon consumers?

Complacency, mediocrity, and apathy clearly played a role in why and how traditional grocery stores capitulated retail food market share to other retailers.  Did you know that today there are 29 restaurants in the United States for every one Grocery store according to the team at Tacoma, WA based Foodservice Solutions®.

Our own Grocerant Guru® stated that “the simple fact is the customer has moved and grocery stores have not moved with the consumer.  Time stared, consumers  preferences for meal preparation have evolve from cooking from scratch to meal assembly utilizing grocerant niche Ready-2-Eat and Heat-N-Eat fresh food.”

Inmar Willard Bishop Analytics new study titled: Future of Food Retailing 2017, ”predicts that while there will be modest growth in dollar share for the traditional grocery channel, there will be massive fluctuations within the channel. Here is what they see happening:

1.       "By 2021, dollar share for the traditional grocery channel will reach 44.4 percent, an increase of 0.2 percent," according to the study.

2.       "The number of traditional supermarkets will decrease by 24.6 percent. This decline is offset by double-digit growth in store counts for fresh-format, limited-assortment, and super warehouse formats." (Note most will be by non-grocers)

3.       The convenience channel will see a slight increase in share, reaching 16.5 percent by 2021, the study estimates.

Inmar Willard Bishop Analytics formally ‘Willard Bishop’ a stalwart food industry research house findings have to be alarming to legacy grocery stores. Given that the team at Foodservice Solutions® has not been forced to sell out to a media company the way Technomic and Willard Bishop have we believe our insights just may be more valuable to grocery stores, drug stores, convenience stores, and chain restaurants. 

Do your foodservice offerings look more like yesterday than tomorrow?  Are you doing what you have always done and doing it the same way?  How are you selling food and to whom? 

Are you trapped doing what you have always done and doing it the same way?  Interested in learning how www.FoodserviceSolutions.us can edify your retail food brand while creating a platform for consumer convenient meal participation, differentiation and individualization?  Email us at: Steve@FoodserviceSolutions.us or visit:  www.FoodserviceSolutions.us for more information.