Industry Analysis & Industry Trends
Businesses in the Fruit and Vegetable Retailers industry sell fresh and preserved fruits and vegetables in specialised stores. The industry has faced a growing amount of competition from supermarkets over the past five years. Large chain supermarkets have continued to extend their ranges of fresh produce, while consumers have chosen the convenience of supermarkets over specialised retailers, causing industry revenue to suffer accordingly. The supermarket price war sparked in early 2014 exerted downward pressure on fruit and vegetable retail prices. As a result, fruit and vegetable retail prices declined over 2014-15 and have yet to pick up... purchase to read more
Industry Report - Starting a New Business Chapter
New companies face low barriers to entry. While competition is high, this does not prevent new companies from entering the market. New companies require funds to establish a shop and a steady supply of fruit and vegetable stock from farmers or wholesalers. Given the relatively short product life span and risk of food spoilage, shop owners need to have products delivered on a constant basis. These factors could be considered barriers to entry.
.. purchase to read more