Independent grocery stores are an untapped market positioned for growth for years to come. If you’ve worked in grocery stores for most of your career and are thinking of taking the next step, or are an investor looking to capitalize on a booming market, check out the grocery store industry with Save A Lot.
We stand out from the competition, as our licensing opportunity specializes in value and convenience. Our time-tested business model is efficient and effective, allowing both customers and Retail Partners to reap the rewards of shopping at Save A Lot. Customers love our market-leading low prices, and Retail Partners love that they can see a strong return on their investment.
The Industry Is Growing
During the pandemic, grocery stores flourished and were one of the few industries that didn’t take a significant hit. The grocery store industry is currently valued at over $759bn, with growth projected to continue well into the future.
Save A Lot stands out as part of a niche segment of the growing industry. The discount grocery store model is positioned amongst the highest growth rates in retail at 7%. Discount grocery currently has only a 3% market share, which means there’s plenty of room for newcomers to thrive.
People rely on grocery stores, so there will always be an element of recession resistance for this type of retail. Save A Lot’s licensing model stands out in the industry and can help you take advantage of this booming market.
Industry Trends
Grocery stores have seen a renaissance over the past few years. They’ve become an essential business that can stand up against big-box chain competition.
Here are some trends that experts believe will continue to drive the market in coming years:
- Safety. Grocery stores were one of the few forms of retail that customers felt safe shopping at during the pandemic, and for good reason. Independent grocery stores had successful safety protocols in place to keep the communities they serve safe, and people could either be in and out quickly as necessity required and avoid big crowds with online options in place.
- Tailored products. Save A Lot is already ahead of this trend! Independent grocery stores are seeking out products that cater to their local communities, which we encourage and support our Retail Partners to do.
- Online shopping. Technology plays a central role in today’s society, so it only makes sense that independent grocery stores are developing apps to boost online sales, home delivery, and curbside pickup. Save A Lot is powered by Instacart to deliver online shopping convenience for customers.
What’s Next?
So what’s next for the grocery store industry?
It’s anticipated that shopping will continue to focus on innovation in technology and customer experience. Online delivery has come miles from where it was just a few years ago, and Save A Lot is able to deliver groceries in as little as one hour. We’ve also designed apps to make operations easier for our Retail Partners. Customer service and value will always be driving factors to the success of your business.
Operational efficiency like what Save A Lot offers can create better profit margins. And again, we’re already ahead of the game in that respect. We offer what customers want: better products in a better layout for better prices.
Join Save A Lot’s licensing opportunity and become a part of a growing industry to provide your customers with a grocery store of the future.
Contact Save A Lot today to learn more about our industry and all of the support that comes with it. #ownasavealot