Specialty Food Stores
Competitive Landscape
Consumer spending and tastes drive demand. The profitability of individual companies depends on effective merchandising and the ability to generate store traffic. Large companies can offer a wide selection of products and have advantages in purchasing, distribution, and marketing. Small companies can compete effectively by offering specialty products, providing superior service, or serving a local market. The industry is labor-intensive: average annual revenue per worker is about $90,000.
Opportunities
Butcher Shop Revival - Traditional butcher shops are making a comeback in several parts of the country as consumers demand fresh, high quality products. This new generation of butchers...
Business Challenges
Competition from Alternative Retailers - Specialty food stores face intense competition from grocery stores and mass merchandisers. Grocery stores hold the majority of specialty food sales, according to Mintel. To...