Small local grocers is expected to see positive although slowing current value growth over the course of the forecast period. However, the decline in outlet numbers is set to continue.
Small local grocers is expected to remain a highly cluttered channel with only a few chains, due to a lack of franchising. There are several enterprises with a few outlets covering small geographic areas, but developing a nationwide presence is likely to be a challenge most operators will be unable to achieve in the coming years, particularly given the recent economic problems.
The once prosperous business of tobacco retailing, with long-term concession rights, faded as excise tax rates and other levies moved prices to a level that smokers could hardly afford. This led to a declining number of tobacco stores, particularly in small villages, where daily traffic and transactions are low.
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Small local grocers are mostly independent retail outlets (with a selling space of under 400 square metres), kiosks, market stalls or street vendors, owned by families and/or run on an individual basis, and with a primary focus on selling food/beverages/tobacco and other groceries. Small local grocers also includes ethnic grocery stores that specialize in foreign brands and food types, health food stores, confectioners/newsagents/tobacconists (CTNs), food & drink souvenir stores, legally registered mobile shops that are run out of a truck, and regional specialty stores. Retail sales from farmers markets, farms, vineyards, or similar producers are also included in small local grocers. Outlets located within wet markets in Southeast Asia (often located in government-owned multi-story buildings) should be counted as separate outlets.See All of Our Definitions
This report originates from Passport, our Small Local Grocers research and analysis database.
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