3 edition of The impact of big-box stores on retail food prices and the consumer price index found in the catalog.
The impact of big-box stores on retail food prices and the consumer price index
Ephraim S. Leibtag
by U.S. Dept. of Agriculture, Economic Research Service in Washington, D.C
Written in English
Over the past 10 years, the growth of nontraditional retail food outlets has transformed the food market landscape, increasing the variety of shopping and food options available to consumers, as well as price variation in retail food markets. This report focuses on these dynamics and how they affect food price variation across store format types. The differences in prices across store formats are especially noteworthy when compared with standard measures of food price inflation over time. Over the past 20 years, annual food price changes, as measured by the Consumer Price Index (CPI), have averaged just 3 percent per year, while food prices for similar products can vary by more than 10 percent across store formats at any one point in time. Since the current CPI for food does not fully take into account the lower price option of nontraditional retailers, a gap exists between price change as measured using scanner data versus the CPI estimate, even for the relatively low food inflation period of 1998-2003.
|Other titles||Impact of big box stores on retail food prices and the consumer price index.|
|Series||Economic research report / United State Department of Agriculture, Economic Research Service -- no. 33., Economic research report (United States. Dept. of Agriculture. Economic Research Service) -- no. 33.|
|Contributions||United States. Dept. of Agriculture. Economic Research Service.|
|The Physical Object|
|Pagination||iv, 35 p. ;|
|Number of Pages||35|
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Big-Box stores will always be bad for the economy. By design of a Free Market, the big-box store is trying to get the biggest box for the cheapest price. This means the big-box will have to be produced by the cheapest labor, the cheapest parts, cheapest taxes, cheapest regulations, and so on. 1. Wal-Mart. In many ways, Wal-Mart Stores, Inc. is the archetypical big-box retailer. The company's supercenters average around , square feet, and the chain has become the world's biggest Author: Jeremy Bowman.
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The Impact of Big-Box Stores on Retail Food Prices and the Consumer Price Index Ephraim Leibtag United States Department of Agriculture Electronic Report from the Economic Research Service December Economic Research Report Number 33 Abstract Over the past 10 years, the growth of nontraditional retail food outlets has.
Leibtag, Ephraim S., "The Impact Of Big-Box Stores On Retail Food Prices And The Consumer Price Index," Economic Research ReportUnited States Department of Agriculture, Economic Research : RePEc:ags:uersrr DOI: / Additional Physical Format: Leibtag, Ephraim.
Impact of big box stores on retail food prices and the consumer price index iv, 35 p. (OCoLC) How Walmart And Big Box Stores Make Us All Richer.
About one quarter of this price index effect is due both those who end up shopping at. A recent report from retail think tank Fung Global Retail & Technology estimates that the widespread closures -- nearly stores between those four chains alone -- will leave approximately $ Author: Greg Lisiewski.
The retail industry — comprised predominantly of small businesses — directly provides 29 million jobs and contributes more than $1 billion to U.S. GDP.; Traditional big-box retailers are. So, back to the original debate – Big Box retailers vs. local retailers – both types of retailers are important to the industry.
The creativity each store brings help guide the company’s : Marianne Bickle. A big-box store (also supercenter, superstore, or megastore) is a physically large retail establishment, usually part of a chain of stores. The term sometimes also refers, by extension, to the company that operates the store.
The store may sell general dry goods, in which case it is a general merchandise retailer (however traditional department stores, as the predecessor format, are generally. The Secret of Consistency: Big box retailers also understand the concept of out of sight, out of mind.
That’s why they employ a consistent advertising strategy. Grocery stores mail out sale ads every Wednesday and put them in the Wednesday newspaper. Consumer goods stores like Target put out ads in the Sunday paper. Consumers and food price inflation --Farm-to-food price dynamics --The impact of big-box stores on retail food prices and the consumer price index.
Series Title: Agriculture issues and policies series. Responsibility: editor, Morgan D. Fitzpatrick. First, the big-box effect begins in the big butt of the distribution curve. Products are cheap and abundant here due to economies of scale and reduced stocking and distribution costs. Think of a customer walking into a big box.
She can expect to save thanks to Author: Max Borders. Year zero in the history of U.S. big-box stores was In that one year, the first Walmart, Target and Kmart stores opened. While the firms’ origins varied, their common focus was on deep discounts and suburban locations.
Shoppers would arrive by car, not foot, so what mattered was highway access, acres of parking and massive scale. Big box retail stores are losing relevance, while e-commerce and specialty stores grow in appeal.
People no longer want — or need — to shop as anonymous customers in. The truth is that, at first, the ability of big box stores to leverage the huge volumes they were purchasing to create efficiency and reduce prices wasn’t necessarily a bad thing.
However, like any process that celebrates massive consumption, big box stores didn’t take long to get out of control. The Myth of the Big Box Stores: 5 Reasons to Support Local and Shop Small.
This informative fact sheet, provided by the Institute for Local Self-Reliance, is a great resource any time of year, but especially during the holidays, when we’re inundated with adverts from the big-box stores about all their Black Friday sales and Cyber Monday deals.
Sure, the big box store has everything you need. big box stores, shopping centers, and fast-food outlets, compared to specialty retail shops, are higher road maintenance costs (due to a much greater number of car trips per 1, square feet) and greater demand for public safety services.
Understanding the Tax Base Consequences of Local Economic Development ProgramsFile Size: KB. Many consumer-goods manufacturers believe that big-box retailers are bad for their business and a scourge on their brands.
The conventional wisdom goes this way: Retailers like Wal-Mart, Toys R Us. Certain brands of dog food can be up to 60 percent less expensive at a big-box store compared with popular pet stores, so it pays to comparison shop for your pooch's favorite kibble.
Here are the. This analysis focuses on big-box retail stores f to-plus square feet; however, the market trend for big- box retail is shifting to both smaller and larger stores.
For example, one major retailer has six different prototype stores varying f tosquare feet, depending on the characteristics of the trade area.
The impacts of the so-called big-box stores on your local mom and pop shops are no big secrets: they’re the Goliaths of the retail world trying to steal business from the many Davids out there. Big-box stores require large sales volumes, so they often use predatory marketing and sales strategies to take sales away from existing retailers.
NEW YORK, J — Sincevolatility in the retail industry has increased percent, resulting in $ billion more of retail sales being “traded” among competitors, according to Deloitte’s “retail volatility index” (RVI).
Volatility—a measure of disruption in the industry—is now being driven by fragmentation of market share as small and mid-level players Author: Kasey Lobaugh.This is a study in three parts: the general impact of Wal-Mart and big box stores on the economy; an empirical look at Wal-Mart’s impacts on 15 Nebraska communities; and a review of research on ways that local retailers can compete against big box stores.
Part one suggests that Wal-Mart has both positive and negative impacts on the economy.Big-box stores can become particularly problematic in rural areas, because their number is disproportionately high (Boarnet et al., ; Hipler, ), and their impact on rural town main street.