The Grocery industry is one of the most dynamic and evolving industries with new trends changing the way customers buy and consider grocery products:
- Consumers are shopping for groceries across multiple channels – such as supermarkets, supercenters, third-party chains, discount, club, convenience and internet commerce.
- Private label products are of increased importance.
- Smaller, specialized store formats focusing upon niches such as organic products.
- Fresh produce or locally-produced products.
The grocery industry has been the source of the most important innovations in retail:
- Chain Store concept (led by A&P)
- "Big Box Format"
- Bar code sanners
- Big data
The grocery industry introduces about 15,000 new products every year with large stores carrying an average of 42,200 items.
- In the U.S., the retail grocery store and supermarket industry, with 40,000 stores, totals almost $640 billion annually with average store sales of $17 million.
- Industry store net profit after taxes is only 1.5%.
The Grocery industry model set consists of Enterprise, Business Area, and Data Warehouse logical data models developed for companies providing retail and wholesale grocery sales and distribution.
The Grocery models address the comprehensive data, business intelligence and reporting architecture for businesses in this industry.
ADRM Software, Inc.
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