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2012-09-16 23:02:07

The industry remained relatively resilient during the recession, with grocery stores capitalizing on consumer demand for budget-conscious foods. Instead of eating out, out-of-work or struggling individuals turned to grocery stores for the basic essentials. As the economy makes a turnaround over the next five years, revenue will suffer marginally, as consumers eat out more often at restaurants because of lack of time and higher income levels. Additionally, competition between stores will...


Word of the Day
omphalos
  • The navel or umbilicus.
  • In Greek archaeology: A central boss, as on a shield, a bowl, etc.
  • A sacred stone in the temple of Apollo at Delphi, believed by the Greeks to mark the 'navel' or exact center-point of the earth.
'Omphalos' comes from the ancient Greek.
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