Though ethnicity-themed supermarket formats have experienced huge growth in the past decade, the effects of immigration reform are resulting in fallout at the checkout lane, and we expect the trend to continue.
Great Neck, NY (PRWEB) August 07, 2013
F&D Reports, a division of industry-leading credit consulting firm Information Clearinghouse Inc. (ICI), is pleased to announce the release of its detailed analysis on the state of the Hispanic retail food environment in the U.S.
The collective buying power of the Hispanic population in the U.S. is expected to reach an estimated $1.600 trillion by 2016, with Hispanic spending anticipated to account for $70.00 billion of total spending at supermarkets between 2012 and 2016. In recent years the retail food industry has been shifting to accommodate the preferences and demands of this growing consumer group, including a proliferation of Hispanic-centric grocery retail chains as well as established companies launching new banners and/or expanding their product mixes.
In addition to navigating an increasingly competitive operating environment, many of these companies have encountered issues resulting from immigration reform laws and the increased attention on undocumented workers in recent years. A number of food retailers, saddled with rising expenses and payroll taxes, have been forced to lay off workers, face prosecution and/or restructure. Despite continuing efforts at reform, these issues will continue to impact certain retailers, their respective workforces, and their viability in the current economic climate.
To receive a copy of this report, please contact Ramona Dracea at 1-800-789-0123 x124.
Commenting on the Hispanic retail food analysis, CEO of ICI Lawrence Sarf stated, “Ethnicity-themed supermarket formats have experienced huge growth in the past decade as a way to not only cater to a specific demographic’s food preferences but also to differentiate themselves fundamentally from industry giants like Walmart, Kroger, Safeway et al., as a shopping alternative where price need not be the primary driver. The Hispanic community has been the largest focus in developing ethnic-based formats; consequently, the issues described in our analysis are particularly hard hitting. The effects of immigration reform are clearly resulting in fallout at the Hispanic supermarket checkout lane, and we expect the trend to continue.”
Information Clearinghouse, Inc. is the parent company of F&D Reports (http://www.fdreports.com), Creditntell (http://www.creditntell.com) and ARMS (http://www.fdarms.com), which are recognized as the premiere financial consulting services with respect to nearly 20 retail channels of distribution.