Much of the U.S. economy -- save the oil/oil services sector -- is in a consolidation and right-sizing mode, or something resembling it. Retail chains, home builders, auto manufacturers etc. are all thinning their employee and production ranks, in anticipation of a period ahead with lighter demand. And most investors and readers all familiar with the consolidation in the investment banking sector.
Add another sector to the list: the grocery store sector. After more than a decade of building bigger and bigger stores (and superstores) retailers are experimenting with considerably smaller grocery stores that feature prepared meals in gourmet delis, and fresh produce, The New York Times reported Wednesday.
Safeway Inc. (NYSE: SWY) has opened a smaller-format store in Southern California, Jewel-Osco is building one in Chicago and Whole Foods Market, Inc. (NYSE: WFMI) is considering opening smaller stores, The Times reported.
Add another sector to the list: the grocery store sector. After more than a decade of building bigger and bigger stores (and superstores) retailers are experimenting with considerably smaller grocery stores that feature prepared meals in gourmet delis, and fresh produce, The New York Times reported Wednesday.
Safeway Inc. (NYSE: SWY) has opened a smaller-format store in Southern California, Jewel-Osco is building one in Chicago and Whole Foods Market, Inc. (NYSE: WFMI) is considering opening smaller stores, The Times reported.
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Chasing Value: Ten stocks for 2010 -- Part 2
