Retail’s Transformed Consumer Changing Grocery-Anchored CRE Investment Strategies
Sources: RetailTrafficMag.org, Colliers International | white paper: Dollar Days, CoStar
Call it convenience or say its selection, consumers are purchasing their consumables in establishments other than traditional grocery stores. General merchandising chains, warehouse clubs, dollar stores and drugstores are catering to a transformed consumer who is trending toward the one-stop shopping experience. Retailtrafficmag.org reports as multiple retail operators add grocery products to their shelves, traditional supermarket chains have found themselves squeezed in their own market segment. At the same time, the ever-widening pool of upscale and organic supermarkets are providing more choices to well-to-do shoppers unswayed by Wal-Mart’s prices.