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 Products Chapter
Salvage grocery stores, also called bargain or discount grocery stores, sell damaged, dented or discontinued products that grocery stores will not sell. These products include damaged food, outdated goods and expired food. Because salvage grocery stores receive stock from grocery stores randomly, the supply of inventory is limited. Most of the products discarded from supermarkets are sold by salvage grocery stores at almost half the original price.
About 50.0% of the food sold by salvage grocery stores is outdated, including discontinued items and seasonal items... purchase to read more