Supermarkets and grocery stores are facing challenging times as the $1.2 trillion annual sector strives to maintain its relevancy in a sea of change.
During an opening session at the 2017 Food Marketing Institute (FMI) Energy & Store Development conference, which was held Sept. 24-27 in Orlando, Florida, Neil Stern, senior partner, McMillan Doolittle LLP, warned the 600-plus attendees that the entire retail market is facing a “retailmageddon” caused by factors, such as the growth of ecommerce, global uncertainty, a changing labor model, and unequal prosperity in the U.S.