THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Discount stores to boost food and grocery market

The UK grocery market is expected to grow to £184 billion by 2016, compared to £156.8 billion in 2011.

GENERAL MERCHANDISE

Discount stores to boost food and grocery market

IGD Retail Analysis says that discount retailers will be one of the key drivers of this expansion, reaching over £10 billion for the first time.

The food and grocery expert predicts that discounters such as Aldi and Lidl will grow at an average annual rate of 10.1% and are forecast to be worth £11.4 billion by 2016.

It expects the convenience sector to grow by 4.7% to  £42.2 billion by 2016 with online being the fastest growing channel with an annual average growth rate of 13.7%. 

IGD highlighted a number of high profile events in 2012 as opportunities for growth. These included the Queen’s Jubilee celebrations, the Euro2012 football championship and the London Olympics. 

Joanne Denney-Finch, chief executive, IGD commented: "We still buy most of our groceries at supermarkets and hypermarkets but we are also using different types of stores more often, such as online and convenience. And leading retailers are building their presence in these areas."

Denney-Finch said technology will be a key feature in driving growth in the  food and grocery sectors, particularly proximity marketing and virtual reality services.

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Retail Human Resources Summit
Retail Human Resources Summit
Wednesday 3 October 2018
The Cavendish Conference Centre, London W1
The 10th HR Summit 2018, The Cavendish Conference Centre, London W1, 3rd October 2018
The Retail Design Summit 2018
The Retail Design Summit 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Summit 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
National Minimum Wage Breakfast Briefing
National Minimum Wage Breakfast Briefing
20 September 2018
6th Floor 1, St. Martin's Le Grand London, EC1A 4AS
National Minimum Wage Breakfast Briefing