Research

Grocers grow formats big and small

Small formats added the most new units, while big supermarkets opened the most square feet.

January 26, 2023

The year 2022 for grocery retailers can best be categorized as continued momentum from 2021, but with added headwinds in the form of record inflation. The year was marked by an array of challenges and changes.

  • Momentum has swung back in favor of dining out, as restaurant retail sales outpaced grocery spending in 2022. Contrary to consumer reports of eating out less often due to rising food prices, data from the Census Bureau reveals that restaurant and bar spending saw a 14.1% year-over-year increase. This suggests that although consumers may be visiting restaurants less often, they are spending more per transaction.
  • Obstacles such as inflation and continued supply chain uncertainty have caused grocery retailers to heighten their focus on loyalty programs and new store formats.
  • More food shoppers have returned to shopping in store, which has caused e-commerce grocery sales to taper. However, retailers continue to invest heavily to establish their own online platforms or partner with third-party grocery delivery players.

Fill out this form to download report

There was an error submitting the form. Please try again.

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.