Fruit and vegetable store is a subset of the overall grocery store cum retail industry and fruits and vegetable retail stores are outlets that primarily retail fruits and vegetables.
If you are a close observer of the fruits and vegetables retail line of business, you will agree that the industry is anticipated to increase due to increasing consumer health consciousness, which has led to increasing demand for fresh produce. While per capita fruit and vegetable consumption has remained stable in recent time, the price of vegetables has increased as consumers demand a premium, fresh vegetables.
The supermarket and grocery store industry that fruit and vegetable retail store is a part of is a major sector of the Indian economy which generates over $500 billion annually from more than 500000 outlets scattered all around the country. The industry is responsible for the employment of over 10 crore people. Experts project the supermarket and grocery industry to grow at a 2.4 percent annual rate.
In essence, when there is an unstable economy, purchasing power drops and it impacts the retailing industry negatively which may result in the closure of some grocery stores.
The retail landscape has seen tremendous changes in the last 20 years; it has grown from the usual mom and pop outlets to a more organized and far-reaching venture. The introduction of the franchise and online stores make it easier for a retailer to reach out to a larger market far beyond the areas where his physical store is located.
It is interesting to note that more grocery shops (fruit and vegetable retail stores inclusive) especially lager retail outlets have started to include self-serve checkout lanes in their stores. It creates shorter lines that appeal to consumers; the average customer would not want to stay longer in a queue.