Survey reveals insight on how competition, convenience, technology shape the “Store of the Future”
Seven in 10 food retail executives say if grocery stores don’t enter the modern age, more people will look for other ways to get their food.
Phononic, Durham, N.C., announced the findings of its latest study exploring the food retail landscape.
Phononic surveyed more than 200 executives across the United States that work in the grocery and food retail space, including traditional grocers, convenience stores and big box retailers that sell groceries. The study reveals insights into changing shopping habits, increasing competition, the implementation of technology and predictions on how these factors will shape food retail over the next five years.