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Salvage Grocery Stores in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Salvage Grocery Stores Market Research Report | Consumer Goods & Services | Food & Beverage Stores | Dec 2012

Staying fresh: Though competition rises, low-income consumers will keep demand steady

IBISWorld’s Salvage Grocery Stores market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Grocery Outlet Grocery Outlet market share
Industry Statistics & Market Size
Revenue
$4bn
Annual Growth 07-12
5.1%
Annual Growth 12-17
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Profit
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Employment
12,576
Businesses
386
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 Analysis Chapter

Unlike the majority of retail industries, the Salvage Grocery Stores industry benefited from low per capita disposable income and consumer sentiment during the Great Recession. The burst of the housing bubble in late 2007 sent consumer spending into decline, as many Americans lost their jobs and the considerable wealth they had invested in their homes. Per capita disposable income dropped 3.6% in 2009, causing many consumers to search for ways to save money. While traditional supermarkets, which retail fresh food products from national food manufacturers, started offering more promotions and discounts, they could not match the industry's competitive pricing... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Salvage Grocery Stores Industry?

Establishments in this industry are primarily engaged in retailing general lines of food products, including meats, poultry and seafood, canned and frozen foods, fruits and vegetables and various dairy products, that are either near or passed their expiration date or damaged in some way. This industry includes salvage, bargain and discount retailers, but excludes cut-rate supermarkets that produce their own lines of food.

Industry Products
Outdated goodsDamaged goodsGoods close to or past expiration
 
Industry Activities
Retailing a general line of foodRetailing health and beauty productsRetailing alcoholic and non-alcoholic beverages


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