Dublin, Sept. 27, 2023 (GLOBE NEWSWIRE) -- The "Small Local Grocers in the US" report has been added to ResearchAndMarkets.com's offering.
Customer loyalty is a critical factor in the success of small local grocers and independent retailers, especially in the face of competition from larger corporations. The COVID-19 pandemic has highlighted the importance of customer loyalty, helping small local grocers sustain positive growth.
Key Takeaways from the Analyst's Report on Small Local Grocers in the USA:
1. Sustained Growth Through Customer Loyalty: Small local grocers in the USA have experienced positive current value growth since the beginning of the pandemic, largely thanks to customer loyalty. During challenging times, customers often turn to familiar and trusted local businesses for their grocery needs.
2. Competitive Advantage: Despite the presence of larger retail chains, small local grocers have an advantage in their ability to build personal relationships with customers, offer unique and local products, and provide a sense of community. These factors contribute to customer loyalty.
3. Economic Disruptions: Economic disruptions caused by the pandemic have surprisingly provided a minor advantage to small local grocers. In uncertain times, consumers may prefer shopping at local stores that they perceive as more stable and reliable.
4. Technology Adoption: To sustain and enhance their growth, small local grocers are increasingly turning to technology. This includes implementing online ordering and delivery services, creating loyalty programs, and improving their digital presence.
5. Government Support: Government initiatives, such as expanding SNAP (Supplemental Nutrition Assistance Program) benefits for online shopping, are further aiding the growth of small local grocers.
6. Tight Competition: Despite their success, small local grocers continue to face competition from larger retail chains. Staying competitive requires ongoing efforts to meet changing customer preferences and needs.
The report provides data coverage, including historic and forecasted market sizes, company shares, brand shares, and distribution data. It offers valuable insights into the small local grocers market, helping retailers and stakeholders understand market trends, competitive environments, and growth prospects.
This report is particularly relevant for those in the retail industry who want to:
- Gain a detailed understanding of the small local grocers market.
- Identify growth sectors and factors driving change.
- Assess the competitive landscape, major players, and leading brands.
- Use five-year forecasts to make informed decisions about market development and strategy.
For more information about this report visit https://www.researchandmarkets.com/r/wlsh9c
Source: Euromonitor International
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