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 Locations Chapter
Salvage grocery store establishments generally fall in line with the US population, but are also heavily impacted by income levels in the United States. Industry establishments are most heavily concentrated in the Southeast and West regions. In 2012, the Southeast region accounts for about 28.8% of industry establishments and 25.4% of the population. The region has the lowest average per capita personal income level in the United States, and consumers purchase goods based on price. Most of the products sold by the industry sell at single-digit price points; therefore, this industry targets households on lower incomes, making the Southeast a prominent region for establishments... purchase to read more