Competition from online retailers forced many physical stores to close their doors, that trend could be headed for grocery stores next.
There are two to three times as many grocery stores as the country "needs," Jim Hertel, vice president of retailing consulting firm Willard Bishop, tells Ashley Gurbal Kritzer of the Atlanta Business Chronicle. Hertel's firm is predicting a contraction in stores and square feet for the industry. "From office supplies to clothing and accessories, retailers across the spectrum have shuttered physical storefronts in recent years to concentrate on their best-performing locations and online sales," Grubal Kritzer writes.
The thinking goes that, as online retailers like Amazon gain steam in the grocery category and big box stores like Target move in, long-time grocers like Publix and Kroger may look to close their lower performing stores. Another reason for closings among some traditional grocery retailers, says Grubal Kritzer, is the expansion of smaller discount chains like Aldi and Lidl.
Minneapolis Housing Plan a Success—Not for the Reason You Think
Housing advocates praise the city’s move to eliminate single-family zoning by legalizing triplexes on single-family lots, but that isn’t why housing construction is growing.
New White House Housing Initiative Includes Zoning Reform Incentives
The Biden administration this morning released a new program of actions intended to spur housing construction around the United States.
‘Mega-Landlords’ Threaten Housing Stability for Renters
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More Funds to Transform the Puente Hills Landfill into a Regional Park
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Denver Freeway Widening Plans on Hold
The Colorado Department of Transportation’s plan to widen the Interstate 25 freeway through Denver is one of a few plans to widen urban freeways under consideration in the United States.
Public Perceptions of Sprawl and Greenhouse Gas Emissions
Urban density has a bad reputation.
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