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Supermarkets face a growing problem: Too much space

from The Wall Street Journal via MSN

Never before in America has so much retail square footage been devoted to selling food — and it is too much. A massive build-out by retailers has left the country piled up with grocery shelves as consumers are shifting from big weekly shopping trips to more snacking and to-go meals. The mismatch has flattened retail sales and leaves the industry vulnerable to a wave of closures that some executives, bankers and industry experts think is coming soon. more


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