|
 During
"The Future of Food Retailing" August 7 webinar sponsored
by The Food Institute, Willard Bishop revealed that growth rates
for six retail formats are not expected to keep pace with inflation.
The six types of formats include four grocery retail formats, convenience
stores that sell gas, and military outlets. While it's not anticipated
that mass retailers will experience any real growth, Fresh Format
stores, Limited-Assortment stores, Supercenters, and Dollar stores
will post the greatest gains vs. inflation by 2010.
|
|
Both Jim Hertel and Bill Bishop, Founder of Willard Bishop, underscored
the need for immediate action by manufacturers and retailers. "Manufacturers
need to embrace the changes that are taking place in food retailing today
in order to succeed over the long term," observed Mr. Hertel.
"Even if new and emerging formats aren't ‘right' for your products,
these are the types of stores where Americans are increasingly purchasing
their food and consumables."
Mr. Bishop cautioned, "The key takeaway for retailers is that
there's real risk in falling behind in efforts to satisfy shopper needs.
Sales are shifting more rapidly than ever before among stores, and the
growth is going to the most innovative retailers."
SYSTEM REQUIREMENTS:
- A connection speed of 56kbps or higher is recommended.
- Microsoft Windows 98/NT/ME/2000/XP/Server2003 System with one of
the following browsers:
-
| •Internet Explorer 5.5 or higher |
| •Netscape 7.0 or higher |
| •Mozilla 1.0 or higher |
- Mac OS X with Netscape 7.1 or higher or Apple Safari
- Linux, Unix or Solaris with Netscape 7.0+ or Mozilla 1.0+
- Cookies Enabled
- Pop-ups Enabled
|
Rebroadcast $79.00
|
|
(Food Institute Members save 10% with their Member Rewards
Card)
|