Grocery Retail Industry

We often hear the words Grocery, convenience, retail outlet, retail industry and supermarket franchise. But do you think all these fancy terms have the same meaning? Both convenience and grocery stores stock food and other packaged food, and convenience stores work for short trips or just a few items. In contrast, Grocery is an essential commodity for a month or an extensive shopping trip to stock up the food and other necessary supplies.  What Is a Convenience Store? A convenience store is small and sells a limited number of prepared and ready-to-serve food, bottled, household supplies, tobacco, and other products. They are comparatively more minor in size than different types of stores and are open for several hours. Due to its size, their team is also limited, including cashiers, stock employees, and managers.  These are generally built on the road. These stores are stocked and designed for easy to purchase and go and provide few commodities only. These stores are open early in the morning till late night even on holidays, most of the people are dependent on emergency services such as ice, milk, eggs when regular stores are closed.  What Is a Grocery Store? Grocery stores refer to those stores specializing in selling fresh food, prepared food, and other household supplies such as toiletries, cleaning products, personal care items, and essential medicines. Many grocery stores also offer complete packages for months best for single-parent families or whose children, working people are living outside. This trend is very famous for army personnel or other government employees who live away from their families.  Supermarket vs. Grocery Store The difference between supermarkets and grocery stores is very nominal; these words are often used interchangeably for each other. Both deal in fresh and prepared foods; Household cleaners and cleaning tools; Personal care products and healthcare products. But the supermarkets are large apart from groceries, unique care products, and household supplies. They also include basic cosmetics, socks and electric kitchen and home appliances, and even gift items. Best supermarket franchise serve a more significant number of customers in comparison to traditional grocery stores.  Differences Between Convenience and Grocery Stores There is no considerable difference between grocery and convenience stores, and both have different missions. Grocery stores are ideal for those who need to purchase both everyday festival occasions. They offer wide ranges of food of multiple brands and have a high inventory level, facilitating the customers to buy in bulk. Grocery stores also offer wheeled carts available at the entrance to give more comfort to shoppers in carrying their grocery items. On the other hand, convenience stores are ideal for those who need only one or two terms. These stores operate in small spaces and do not have card facilities. Customers buy a few items and can easily carry them to the cash counter.  Sizes of Both Stores Generally, the size of a convenience store is approx 1000 to 1500 ft.², whereas the size of an average grocery store is around 500 to 1000 ft.². The size of stores may also vary according to the store’s location.  Opening and Closing Time of Both Stores Convenience stores are open early in the morning to late at night, but grocery stores have fixed opening and closing times. Convenience stores are ideal for emergency needs, but grocery stores do not give their service late at night.  Staff Of Both Stores Grocery stores have more employees, including cashiers, department managers, store managers, and other dedicated counter employees. On the other hand, convenience stores have only 2 to 3 staff, including cashiers, workers, and owners. Some convenience stores have more than one register at a checkout counter, or even some have only one record because people buy only one for two items.  Parking Spaces of Both Stores Convenience stores do not need parking spaces because they are small in size and built on roads only. They are easily accessible by vehicle on foot. There are some convenience stores attached to petrol pumps or gas stores which offer time-saving shopping. Whereas, grocery stores require large parking lots or maybe dedicated underground spaces because people used to spend more time in the store and it takes some minutes to reach the store from parking.  Prices of Both Stores The prices of convenience stores are generally higher than a traditional grocery shop. The reason for the higher price is the quick availability of the product that we need. On the other hand, prices in grocery stores are competitive, which attracts more and more customers to frequent the store.  Products In Both Stores The products in convenience stores are likely to have one brand in every category. At the same time, grocery stores offer multiple brands in every type of product. For example, grocery store shelves often hold many different brands of tea. There may be several tea variants within every brand, such as tulsi tea, ginger tea, and many more.  Other factors Since the pandemic, the retail industry has undergone a massive change in India and across the world. People are approaching home delivery, which may contribute to the warehouse grocery model. Another change witnessed during this time is, people are coming for groceries only and are suspicious of prepared and ready-to-eat food in the grocery store. 

Generally, we heard about online shopping for clothes or gadgets but not grocery. We prefer to go to a traditional store for Retail shopping but COVID-19 has changed our way of living, working, shopping, and even groceries and other essential commodities. It seems like the whole world has transformed overnight. Online shopping for groceries has become an essential part of our life because of lockdowns. How COVID-19 affect the Retail business? Before the outbreak of COVID-19, only a few were interested in online Retail shopping but we see a sudden spike since last year(the time when community spread for COVID-19 is at its high).  Pandemic has disturbed the economy of the country badly, many businesses have even declared bankrupt but the retail supermarket has witnessed a massive high in demand. COVID-19 has brought many challenges in the Retail Supermarket industry and can be best describes in two categories:- General challenges and Technical Challenges.  General Challenges Googles says the price of any commodity rises when a large number of people hurry towards a particular commodity due to fear of its shortage in near future. The same is happening now, people are storing food and essential commodities at their homes. Retail stores are facing problems in completing orders. Indefinite lockdown and the mismanaged stock have completely disturbed the supply chain networks. The consequence? Shortage of stock in the Retail store Retail stores need to improve management for increasing supply chain Need to ensure the safety of customers as well as employees Technical Challenge Retail shopping websites were not mainstream as they are today, a sudden increase in traffic on websites and usage can break the IT infrastructure. Grocery is a volatile industry that witnessed an unexpected hike in demand during the pandemic. To match with the scenario, you need to understand how important it is to invest in technology along with otter services.  7Heven Retail Store solution The latest survey suggests that in the USA, 34% of customers now prefer online Retail shopping instead of visiting the traditional store.  You might be thinking, Is it the best time to invest in a Retail supermarket? Well, the answer is Yes. The Retail store can be run both online and offline, and opting for the right decision can be highly profitable for you in today’s scenario. 7Heven can help your Retail store paving its way during the COVID-19 Pandemic by following practices-  Launch an online store 7Heven grocery stores are the only Supermarket Franchise in India that runs both Physically and digitally. In the Current Scenario, it’s time to launch your store online. According to analysis, the conditions are worsening day by day, the active number of cases is at an all-time high and everyone is aware of the death rate in India. Due to lockdown, people can not go brick and mortar store, and as precautionary measures, they feel safe at buying groceries online. Affordable prices, time, a wide range of products, and home delivery are some of the key benefits of an online store. If you want to start a Retail Supermarket, your primary concern should be launching an online store in your area.  Expand your business 7 Heven Retail stores help in upgrading your offline store to the Online platform and it allows your customers to continue shop with you, building the customer’s trust and loyalty.  COVID-19 harmed demand and supply for various products but 7Heven stores will help in fulfilling customer’s demands. It eliminates the need to physically visiting the store to purchase groceries and other essential commodities. Optimize performance  The coronavirus has disturbed the supply chain network badly; but we can not ignore that it can contribute to making a profit. To deal with this unanticipated demand for commodities; 7Heven can help you in investing in an on-demand solution that will optimize your performance by implementing key points.  This store is a reliable online store that is easy to update at any time as per your requirements. 7Heven store effectively balance the workload by dividing load over machines 7heven helps in increasing traffic on the website but its super exclusive advertising and marketing policy Ensure safety measure Logistics and delivery of orders are carried out by employees only; so, it became essential to ensure the proper sanitation and safety measures of employees. 7Heven helps in assisting their customers amid lockdown; as well as take proper safety measures for their employees that directly impact the success of the Retail Supermarket business. Technical assistance No one can deny the fact that technology; and infrastructure play a crucial role in the success of any online business. Generally, servers down because of high traffic on the website but 7heven are designed by high-tech engineers; and keep monitoring the website during fluctuating traffic and also help in capturing new audience to your website. 7Heven refines the store and implement tested measures to drive the high rate of return; and better perks in near future.  Final thoughts Online shopping for groceries became an indispensable part of our life. Ecommerce platforms play an important role as they the source of buying goods and made shopping convenient for users. COVID-19 is the time of global medical emergency; and delivering essential commodities right to the doorstep should be a priority for any business. You can survive with the traditional store but as a grocer; you need to upgrade your store that current circumstances demand. 7Heven Retail stores is a readymade modern Retail store that lies ahead of the coronavirus crisis.