Supermarkets to shrink over the next few years, report says

05/14/2014 | American City Business Journals

The average supermarket will go from 25,500 square feet to smaller than 24,000 square feet over the next four years as grocers shift to compete on convenience rather than selection, according to Planet Retail's research director, Sandy Skrovan. Shelf space will be limited as a result, and product innovation will be important for food producers to remain competitive. "Convenience, convenience, convenience may soon replace location, location, location as the retail mantra," Skrovan said.

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