The Grocery Store Industry Is Growing
Now is a great time to invest in a strong grocery business model like Save A Lot’s. The $658 billion grocery industry has been growing for years and is often valued for its recession resistance. In fact, grocery is one of the only industries that didn’t take a significant hit during the pandemic.
What’s more, the discount grocery store model, in particular, is growing exponentially and positioned amongst the highest growth rates in retail at 7% (compared with 7% for dollar stores, 4% for supercenters, 3% for warehouse clubs, and 1% for traditional supermarkets). And today, discount grocery in the U.S. has only a 3% market share, which means there’s plenty of room for newcomers. Our team can help you get started on the right track.