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Store brands. Own brands. Private labels. However food retailers refer to their own lines of product offerings, they are anything but generic, and, bolstered by a number of factors, they are enjoying their time in the spotlight and food retailers are taking advantage of the attention by innovating in more product categories than ever before.
Whether it’s to fill a niche in suburban towns, plug into urban markets or meet the needs of college communities, many retailers – from traditional “big-box” to grocers and more – are adjusting their store models by shifting to smaller-format stores that occupy a fraction of the square footage of their traditional store models.
Throughout FMI’s Midwinter Executive Conference earlier this month, retailers and executives across the industry had the opportunity to attend educational sessions with one common theme running through them all: togetherness.