‘Express’ Store Concept to Explode: IRI

BALTIMORE – The “express store” concept — smaller spaces with edited product selection and a emphasis on and prepared foods — will grow from around 20 locations today to 4,000 by 2010, according to Thom Blischok, president of Information Resources Inc., speaking to attendees at Food Marketing Institute’s Retail Store Development conference here Monday. In a presentation called “Re-imagineering Retail,” Blischok called on retailers to reevaluate their current store designs with an eye toward making them more relevant and less cluttered. He said 84% of shoppers are fully satisfied with 23% of the merchandise at a typical store. The express store explosion will be a part of an expanding array of primary shopping venues for consumers, Blishcok predicted. He said consumers typically shop at three locations today but that number will expand to eight locations by 2010.

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