Industry Analysis & Industry Trends
The Salvage Grocery Stores industry has grown quickly over the past five years. During the Great Recession, households began to pinch pennies due to decreases in disposable income and consumer sentiment. Furthermore, the poverty rate increased considerably, forcing more Americans to start shopping at salvage grocery stores. As a result, IBISWorld expects industry revenue to grow at an annualized rate of 5.1% to $4.4 billion in the five years to 2012. While this rate includes an additional 4.9% in 2012, external competition from supercenters and warehouse clubs has been slowly increasing as the economy improves, threatening this industry's growth.
Rapid growth over the period has encouraged new enterprises into the industry.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The salvage and Grocer Stores industry is currently in the growth stage of its life cycle. In the 10 years to 2017, industry value added (IVA), which measures the industry's contribution to the economy, is projected to increase at an annualized rate of 2.3%. In comparison, US GDP is forecast to rise at an annualized rate of 1.8% over the same time period. An industry is considered to be in a growth phase of its life cycle when industry growth exceeds GDP. In this case, industry growth has increased faster than GDP due to the countercyclical nature of demand for products, a steady adaptation of technology and substantial growth in the number of enterprises and establishments... purchase to read more