The future of US food retailing: 'The pendulum is swinging back to smaller store formats'
By Elaine WATSON
- Last updated on
Despite the proliferation of supercenters, there is a also a "vigorous counter-trend toward smaller stores" as time-strapped consumers turn to locations where they can get in and out fast, says Packaged Facts in a new report into US food retailing trends. Overall, US retail sales of foods and beverages will grow at around 4.5% a year in the next five years, with 1-2% unit growth and the rest accounted for by inflation, it predicts.