Rick Chichester

Like much of the retail industry today, the grocer landscape is in a state of flux. New competitors have entered the market, online continues to chip away at brick and mortar, rightsizing is rampant and traditional grocers are charting their next moves. These moves include everything from evaluating the abundance of second-generation space to acquisition/disposition strategies and balancing e-commerce platforms as grocers look to adapt in this ever-evolving world. On top of that, the industry is facing some negative press coverage, which continues to over exaggerate the demise of brick-and-mortar retail.

In fact, the grocery industry is actually expanding. Overall industry revenue has grown an annualized 0.9%, on average, between 2014 and 2019, according to market research firm IBISWorld. Grocers show no sign of slowing, as the $654.6 billion industry is predicted to grow at an annual rate of 1 percent through 2024.

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