The Specialty Food Store Industry Includes About 20,000 Stores With Combined Annual Revenue of $12 Billion
Posted on: Friday, 5 October 2007, 15:00 CDT
Research and Markets (http://www.researchandmarkets.com/reports/c70650) has announced the addition of Specialty Food Stores - Industry Analysis to their offering.
Covering over 175 industries and updated every 90 days, the First Research Industry Profiles do the "heavy lifting" for you - saving your sales team valuable research time, enhancing client communications and giving you the competitive edge to win more business.
Easy-to-use and up-to-date, the Industry Profiles provide you with the industry research necessary to stay on top of constant changes in select industries.
The First Research profiles help target your products and services directly to prospects. The Industry Profiles provide the information and understanding you need to engage new prospects during the sales process, deepen customer relationships and strengthen your own bottom line.
Executive Summary
Brief Excerpt from Industry Overview Chapter:
The specialty food store industry includes about 20,000 stores with combined annual revenue of $12 billion. Major companies include Whole Foods and Trader Joes. The industry is highly fragmented: the 50 largest companies have less than 20 percent of sales.
The industry includes gourmet food stores, natural/organic food stores, health food stores, meat or seafood markets, fruit and vegetable markets, bakeries, and candy and nut stores.
COMPETITIVE LANDSCAPE
Consumer spending and tastes drive demand. The profitability of individual companies depends on effective merchandising and the ability to generate store traffic. Large companies can offer a wide selection of products and have advantages in purchasing, distribution, and marketing. Small companies can compete effectively by offering specialty products, providing superior service, or serving a local market. The industry is labor-intensive: average annual revenue per worker is about $100,000.
Competition includes traditional grocery stores, mass merchandisers, and warehouse clubs. Specialty food stores also compete with any venue serving food, including restaurants.
PRODUCTS, OPERATIONS & TECHNOLOGY
Major products sold by specialty food stores include meat, fish, and poultry (40 percent of sales); produce (15 percent); and baked goods and candy (10 percent each). Other products include dry grocery products, dairy products, prepared foods, and kitchenware. Companies may place special orders for customers looking for unique items.
Specialty food stores include chains, independent retailers, franchises, and cooperatives. Franchises include companies such as Great Harvest Bakery, Cinnabon, and Rocky Mountain ...
Content Outline:
Industry Overview
Quarterly Industry Update
Business Challenges
Trends AND Opportunities
Call Preparation Questions
Financial Information
Industry Forecast
Website and Media Links
Glossary of Acronyms
For more information visit http://www.researchandmarkets.com/reports/c70650
Source: First Research
Source: Business Wire
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