A new study projects that grocery stores will be reducing their size in the future as convenience becomes more important than the variety of available vegetables.
“Convenience, convenience, convenience may soon replace location, location, location as the retail mantra. Small-box convenience stores will be among the fastest-growing banners through 2018 with the likes of Walmart Express and Dollar General Market leading the charge,” said Sandy Skrovan, research director for Planet Retail, a marketing research company.
Skrovan forecast that the average store size across grocery formats is set to shrink from 25,500 square feet today to less than 24,000 square feet by 2018.
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