Navigation Links
Supermarkets and Grocery Stores in Canada Industry Market Research Report Now Available from IBISWorld
Date:2/10/2013

Los Angeles, CA (PRWEB) February 10, 2013

Despite numerous challenges, including stagnant profit margins, the Supermarkets and Grocery Stores industry has found a way to achieve growth in the five years to 2012. Contrary to recessionary spending patterns experienced by many other retail industries, supermarkets and grocery stores benefited from lower per capita disposable income levels because many consumers chose to purchase food from this industry rather than eat at restaurants, says IBISWorld industry analyst Eben Jose. As a result, IBISWorld expects industry revenue to increase at an annualized rate of 2.2% to $76.6 billion in the five years to 2012. Industry participants have been plagued by the rising cost of food and external competition from supercentres and warehouse clubs, though. Additionally, revenue growth has slowed from 2010 to 2012 as consumers return to their prerecession spending habits.

The rise of supercentres and warehouse clubs, such as Walmart and Costco, has forced the industry to transform in the five years to 2012. These competitors operate on a massive scale, which allows them to source food at much lower prices. As a result, they are able to offer lower prices to consumers, which have drawn shoppers away from the Supermarkets and Grocery Stores industry. The industry has responded by entering into a consolidation phase; the number of industry enterprises is expected to decrease at an annualized rate of 2.6% in the five years to 2012. “Major players like Loblaw Companies and Sobeys Inc. have been acquiring independent grocery chains to expand their reach and gain leverage with food wholesalers and suppliers,” says Jose. “Furthermore, these players have been upgrading their establishments, improving their customer loyalty programs and giving significantly more retail space to organic and ethnic foods.” According to Statistics Canada, most industry enterprises are large, employing more than 500 people. From 2007 to 2012, the number of firms employing one to 20 people has decreased substantially because many of those types of firms could not compete with the larger chains. Other major companies include Metro Inc. and Safeway Inc.

In the five years to 2017, Improvements in the economy will increase per capita disposable income levels, which will give consumers more discretionary income. A large percentage will choose to return to eating at restaurants, while some continue to shop at industry establishments, keeping growth steady. Supermarkets and grocery stores will continue to improve their customer loyalty programs and add private-label and specialty food selections (e.g. organic and ethnic foods) to retain and entice customers. For more information, visit IBISWorld’s Supermarkets and Grocery Stores in Canada industry report page.

Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld
Friend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189

IBISWorld industry Report Key Topics

The Supermarket and Grocery Stores industry makes up the largest food retail channel in Canada. These establishments retail general lines of food products, including fresh and prepared meats, poultry and seafood, canned and frozen foods, fresh fruits and vegetables and various dairy products. This industry excludes convenience stores, warehouse clubs and supercentres.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US and Canadian industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.ca or call 1-800-330-3772.

Read the full story at http://www.prweb.com/releases/2013/2/prweb10414607.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Discount Supermarkets Tied to Rising Obesity Rates
2. The Baby Grocery Store on WBTV News
3. Investigators trace of role reusable grocery bag in norovirus outbreak
4. Shamanic Healer PaLiChi Restores Peace & Harmony to Struggling Catering Business with Alternative Healing Remedy and Blessings
5. "I feel like a woman again." -- Ruth Swissa Has Created a Product that Temporarily and Permanently Restores Women's Sense of Self
6. Clean Water Systems & Stores Inc Introduces New Well Water Diagram Service
7. Increased dietary fructose linked to elevated uric acid levels and lower liver energy stores
8. Retinal Device Restores Sight to Blind Mice
9. Re-Routing Spinal Cord Signals Restores Movement in Paralyzed Rats
10. Subodh Verma wins Royal College of Physicians and Surgeons of Canada Gold Medal in Surgery
11. Fitness Celebrity and one of Canada’s Inside Fitness Hot and Fit Women of 2012, Nancy Di Nino, brings her Media Personality to host the Hot & Fit Release Party
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/24/2016)... ... June 24, 2016 , ... People across the U.S. are sharpening ... Talker Award, an essay contest in which patients and their families pay tribute to ... at the 2016 National Society of Genetic Counselors (NSGC) Annual Education Conference (AEC) this ...
(Date:6/24/2016)... NY (PRWEB) , ... June 24, 2016 , ... ... Haute Living, is proud to recognize Dr. Barry M. Weintraub as a prominent ... “the most beautiful women in the world, and the most handsome men, look ...
(Date:6/24/2016)... , ... June 24, 2016 , ... ... actively feeding the Frederick area economy by obtaining investment capital for emerging technology ... past 2½ years that have already resulted in more than a million dollars ...
(Date:6/24/2016)... ... June 24, 2016 , ... Venture Construction Group (VCG) ... held on June 20th at the Woodmont Country Club at 1201 Rockville Pike, Rockville, ... dedicated to helping service members that have been wounded in battle and their families. ...
(Date:6/24/2016)... ... June 24, 2016 , ... ... the upcoming 2016 Miss Arizona pageant as its official Medspa Sponsor. Dr. Josh ... Mesa, and Chandler, Arizona. , Dr. Olson says the decision to support ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... , June 24, 2016  Arkis BioSciences, a ... invasive and more durable cerebrospinal fluid treatments, today ... The Series-A funding is led by Innova Memphis, ... and other private investors.  Arkis, new financing will ... and the market release of its in-licensed Endexo® ...
(Date:6/23/2016)... ITASCA, Ill. , June 23, 2016  In a startling ... states are failing their residents by lacking a comprehensive, proven plan ... , a definitive ranking of how states are tackling the ... rating to only four states – Kentucky , ... and Vermont . Of the 28 failing states, ...
(Date:6/23/2016)... Bracket , a leading clinical trial technology and specialty ... Bracket eCOA (SM) 6.0, at the 52 nd ... in Philadelphia , Pennsylvania.  A demonstration of ... its kind to fully integrate with RTSM, will be held ... a flexible platform for electronic clinical outcomes assessments that is ...
Breaking Medicine Technology: