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NGA/FMS Release 2009 Independent Grocers Survey

Independent Retail Grocer Profits Climb in 09

The 2009 Independent Grocers Survey shows retailers have improved their gross margins and their bottom lines. Net Profits before taxes improved to 1.88% for all respondents vs. 1.52 percent last year with stronger gross margins contributing to the improved bottom lines. With the ailing economy and last year’s Food at Home CPI inflation, retailers may have benefited from inflation and consumers shopping private label, which often returns higher gross margins. In addition, some aspects of the economy may help retailers on a human resources front. Many individuals are looking for stability in the job place. With more dollars moving away from restaurants and back to the grocery store, a career in grocery may be appealing to those seeking employment with some stability in the turbulent economy.

The 2009 Independent Grocers Survey provides Independent Grocers with a look at their own community and how their fellow business owners are fairing in the current competitive and economic conditions. The study provides departmental margin breakdowns, economic data relevant to the industry, as well as key metrics such as scans per productive minute and cases stocked per hour by night crews. Robert Graybill, President of FMS, stated, “This study provides practical benchmark data for independent retailers, at a detail enough level to use in their operations. In addition, the survey truly reinforces the fact that independents are tough operators as they have managed to show improved results over the prior year in such turbulent times”

The 2009 Independent Grocers Survey is available at both the FMS and NGA Web sites:

Schedule a complimentary QuickBench benchmarking session now! 20 minutes of your time over the phone will open your eyes to a world of possibilities for improving your profitability. Email us or call 877-435-9400 x1224.

Get your copy of The 2009 Independent Grocers Survey now! Click here to place your order.

Be a part of it! The survey is growing and we need your data. The more geographic regions the survey covers, the more accurate and valuable a picture it paints of our industry. Click here to join our participant list.

The 2009 FMS/NGA Independent Grocers Survey is sponsored by

 

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