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June 29, 2000

USA: Nash Finch Company Opens New Econofoods in Cedar Rapids, Iowa

Nash Finch Company, a Minneapolis-based food retailer and distributor, announced today the grand opening of a new 65,000-sq.-ft. Econofoods replacement store at 2100 Edgewood Road SW in Cedar Rapids, Iowa. This store joins a new store opened in Marshalltown, Iowa, in May, as well as three recently remodeled Econofoods stores in Dubuque, Iowa; Peru, Ill.

Nash Finch Company, a Minneapolis-based food retailer and distributor, announced today the grand opening of a new 65,000-sq.-ft. Econofoods replacement store at 2100 Edgewood Road SW in Cedar Rapids, Iowa. This store joins a new store opened in Marshalltown, Iowa, in May, as well as three recently remodeled Econofoods stores in Dubuque, Iowa; Peru, Ill.; and Waterloo, Iowa.

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What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
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This new Cedar Rapids Econofoods is a “Fresh Place” concept store that includes high-quality fresh produce, expanded deli and bakery offerings, Kids Korner (free in-store childcare), natural and organic foods, full-service meat and seafood, specialty and ethnic departments, pharmacy, exclusive signature products available only at NFC stores and excellent customer service.

“We continue to focus on strengthening and expanding NFC’s retail business, as well as on providing customers with an outstanding shopping experience in every community in which we operate,” said Ron Marshall, president and CEO. “Community involvement is also something we take pride in and, along with Pillsbury, are pleased to support the Big Brothers Big Sisters program.”

Stated Carrie Walker, Development Director of Big Brothers Big Sisters of Cedar Rapids and East Central Iowa, “We greatly appreciate the help and support of Econofoods, which will allow us to assist more children in need. The gift from Econofoods and Pillsbury will go toward helping us provide more children with positive, adult role models.” Big Brothers Big Sisters provides mentors, who serve as positive role models, for children and adolescents from single-parent homes.

Nash Finch Company is one of the largest food distribution companies in the United States with $4.1 billion in annual sales. The company owns and operates a growing retail store base of 126 supermarkets, principally under the Econofoods, Sun Mart and Family Thrift Center trade names. Independent retailers and military commissaries in approximately 30 states are key customers of food and related products from Nash Finch. Further information is available on the company’s Web site at http://www.nashfinch.com

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Free Report
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What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

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