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