2022-06-24-仲量联行-2022年杂货报告（EN）_8页_4mb

Summary of Grocer Growth and Retail Research (March 2022)

Overall Growth and Expansion: Grocery retailers experienced significant growth during and after the COVID-19 pandemic, driven by their essential role in food supply. U.S. grocery sales reached $803 billion in 2021, a near 16.0% increase from pre-pandemic levels. Expansion focused on new store openings, with Aldi leading as the fastest-growing grocer, adding over 2.2 million square feet in 2021.

E-commerce and Digital Shift: Online grocery sales surged to $122.4 billion in 2021, up 12.3% year-over-year, indicating a permanent shift in consumer preferences. Projections show online sales could double by 2025. This was fueled by pandemic-induced adoption and enhanced fulfillment options, while Canada's grocery sector also saw robust online growth.

Technological Innovations: Walk-out technology gained popularity, with grocers like Aldi and others implementing cashierless stores to improve efficiency. Micro-fulfillment centers are emerging as competitors, offering quick delivery within urban areas. These advancements help meet consumer demands for convenience and digitization.

Challenges and Concerns: Inflation increased, with U.S. consumer prices rising by 7.9% in February 2022, affecting food costs and consumer spending. Supply chain issues contributed to delays and higher costs, while rising grocery expenses concern shoppers, potentially impacting buying patterns. Grocers face competition from micro-fulfillment companies and restaurants regaining popularity. Consumer surveys show high foot traffic recovery and concerns about food inflation.

Real Estate and Investments: Strong demand for grocery-anchored properties led to record acquisition volume exceeding $13.3 billion in 2021, with REITs and private capital driving investments. Cap rates compressed due to heightened interest, with grocery centers varying in pricing based on location and amenities.

Conclusion: Grocers must continue adapting to digital and physical expansions, inflate challenges, and e-commerce growth to maintain competitiveness in the evolving retail landscape.щ