Alternative Formats Taking Big Bite Out of Grocery: Report
OWINGS MILLS, Md. -- The landscape of the food retailing industry continues to change dramatically, with traditional grocery chains being squeezed out of the picture by the growth of alternative formats. A new report from global trade credit insurer Euler Hermes ACI, based here, emphasizes that these other outlets -- namely supercenters, warehouse clubs, dollar stores, drugstores, and convenience stores -- are increasing their grocery square footage and sales, thus taking a big bite out of the consumer base of the traditional grocery chains.