Retailers to Watch in 2018December 26, 2017
2017 brought quite a bit to the table when it comes to retail news. Outside of the big guys, like Walmart, Amazon and Alibaba, here are a few retailers we think are poised to do great things in 2018 (but may not have been on your radar just yet).
No matter where you live in the world, you probably know where the closest 7-Eleven is in your neighborhood. With 56,600 stores in 18 countries, the convenience store chain feels omnipresent, but certainly hasn’t gone stale. In 2017 alone, the retailer announced the following initiatives:
- A new private label cosmetics line called “Simply Me Beauty” for its on-the-go customers
- A private label wine brand called Trojan Horse that includes two white varietals
- App testing for mobile ordering, delivery and in-store pickup
As the brand takes big leaps towards innovation, it will be interesting to see how they follow up such a busy and captivating year and what other tactics they try in an ever-growing competitive landscape.
With the U.S. currently in a Retail Apocalypse and a middle class that continues to shrink, it’s no wonder that dollar stores have experienced immense growth this year. Though larger department stores are suffering, Dollar General and Dollar Tree are thriving, growing at 6.4% and 7.5% respectively. Both stores have also seen stocks increase by 23% and 36% this year.
This upswing has enabled dollar stores to invest in digitization, which could create incredible opportunities next year for their core customers. Dollar General also just announced plans to build thousands of stores across the more rural parts of the country. Therefore, don’t be surprised if you start to see more of these retailers on your screens and in your neighborhoods.
By 2020, sales of Hispanic food specifically are expected to grow to $21 billion, with Hispanic shoppers spending $175 more per year on high-value fresh foods than other shoppers. With all this data, it’s no surprise that Vallarta Supermarkets, a California-based chain and one of the largest Hispanic supermarket retailers in the US, has been doing so well, recently opening their 50th store and rolling out new store formats, food offerings and other in-store experiences.
In 2018, keep an eye out for even more opportunities for Hispanic-targeted retailers and other ethnic supermarkets to thrive. Kroger, Public and Walmart have all started offering authentic products in key markets, and Albertson’s recently announced that it would invest in the 16-store chain El Rancho Supermercado. This is great news for those who are seeking familiarity and authenticity in their grocery shopping experiences.
What other retailers would you add to this list for those to watch in 2018?