Optimizing the grocery chain portfolio
from Progressive Grocer
During the recession, many brick-and-mortar retailers had to pull back and re-evaluate their portfolios to guard profit margins. Traditional grocery stores were no different. Store consolidation and the shift of customer traffic to nontraditional grocers, such as online grocers, created the need for traditional chains to evolve, adapt and, in many cases, reduce store counts. With modest economic growth, now is the time for grocers to refresh and reinvest in strong stores, as well as re-evaluate underperformers. Performing a strategic review focused on optimizing the real estate portfolio is necessary to reduce costs and provide the financial basis needed for reinvestment.
7701 Las Colinas Blvd., Ste. 800, Irving, TX 75063