Reviving grocery retail: Six imperatives

In the United States and Western Europe, many traditional grocery retailers are seeing their sales and margins fall--and things could get even worse. Here's how to reverse the trend. To put it bluntly, much of the $5.7 trillion global grocery industry is in trouble. Although it has grown at about 4.5 percent annually over the past decade, that growth has been highly uneven--and has masked deeper problems. For grocers in developed markets, both growth and profitability have been on a downward trajectory due to higher costs, falling productivity, and race-to-the-bottom pricing. One result: a massive decline in publicly listed grocers' economic value.