Shrinking Stores = Growing Profits?

In today’s economy, businesses are constantly looking for ways to increase efficiencies and reduce costs. For some grocery stores, this has led to the development of small-format stores with footprints a quarter of the size of traditional supermarkets. Although these stores can’t offer the variety of products found in their larger counterparts, they are able to cater their offerings to the specific demographic where they are located. Other perks of small-format grocery stores are shorter shopping trips and lower prices. These stores also often rely heavily on the sales of prepared foods, which cater to the needs of busy professionals. To read more about how American grocery stores are downsizing their footprints to upsize their profits click here.

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