
Changes in Consumer Demands in Food Retail Stores and the Implications to Retailers
According to the Greek philosopher Heraclitus, “There is nothing permanent in the world except change.” When you try to look around you, time has proven that things evolve, circumstances change, and paradigms shift, giving life to new opportunities and innovations. In industries such as food retail, changes are driven predominantly by shifting consumer lifestyles, wants, and needs. What brings consumers value, their demographics and cultural backgrounds, personal interests, and purchasing power are some of the elements that dictate the forces of change in the food retail industry. In the hopes of adapting to the constantly evolving behaviors of consumers, retailers