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 Key Buyers Chapter
The industry has a low level of market share concentration. Most salvage grocery stores are privately held and independently owned. Although the industry is highly fragmented, there are some small salvage grocery store chains that operate in the industry including Grocery Outlet Inc., Amelia's Grocery Outlet and Sharp Shopper Grocery Outlet. In 2012, the top four companies in the industry account for less than 40.0% of industry revenue.
In the five years to 2012, the number of industry establishments is estimated to grow an average of 6.2% annually. During times of strained disposable income and consumer sentiment, the industry took advantage of the economic conditions and weakened sales at traditional supermarkets... purchase to read more