A supermarket is a self-service shop that offers a wide variety of food, beverages and household products organized into sections under one roof, a format that emerged around 1930 in the United States before spreading worldwide. The industry business model relies on self-service with shopping carts to reduce labor costs, bulk purchasing power that lets chains negotiate lower prices than smaller stores can obtain, extended payment terms with vendors, loss-leader pricing on staple items to draw in customers, and high sales volume to offset thin profit margins. By 2018 the United States alone had about 38,000 supermarkets, where Americans spent 701 billion dollars annually, and the format efficiency has been credited with cutting the share of disposable income Americans spend on food from 21 percent in 1930 to 16 percent by 1940.
Facts
FAQs
Which store is considered the first modern supermarket?
King Kullen, opened in Queens, New York City, on 4 August 1930.
King Kullen, opened by Michael J. Cullen on 4 August 1930 in a vacant leased garage in the Jamaica section of Queens, New York City, marks the start of the modern supermarket according to the Smithsonian Institution. Other companies also lay claim to being the first supermarket in the United States.
Connections
Companies In Industry
Source Wikipedia, Associated Wholesale Grocers
Source Wikipedia: Foodland (Thailand)
Source Galaxias (supermarkets) (Wikipedia)
Source Wikipedia: Landmark (department store)
Source Wikipedia: Metro Inc.
Source Wikipedia: Selgros
Source Supermercados Monterey (Wikipedia)
Source Wikidata: U Select
In Sector
Additional Source Wikipedia: Global Industry Classification StandardGICS: Hypermarkets & Super Centers
Sources
1. Wikipedia, Supermarket
Wikipedialead sectionQuote, lead section
A supermarket is a self-service shop offering a wide variety of food, beverages and household products, organized into sections under one roof.
Wikipedia: Selgros
WikipediaCompanies In Industry: Selgros, Wikidata statement: industry (P452)Quote, Companies In Industry: Selgros, Wikidata statement: industry (P452)
industry (P452) target Q180846, matched to the live industry entity "Supermarket Industry" by qid (enwiki-sitelink resolved)
Wikipedia: Metro Inc.
WikipediaCompanies In Industry: Metro Inc., Infobox: industryQuote, Companies In Industry: Metro Inc., Infobox: industry
Supermarket
Wikidata: U Select
WikidataCompanies In Industry: U Select, Wikidata statement: industry (P452)Quote, Companies In Industry: U Select, Wikidata statement: industry (P452)
industry (P452) target Q180846, matched to the live industry entity by qid (enwiki-sitelink resolved)
Wikipedia: Global Industry Classification Standard
WikipediaIn Sector: Consumer Staples, GICS: Hypermarkets & Super CentersView the Source Supermercados Monterey (Wikipedia)
Companies In Industry: Supermercados Monterey, LeadQuote, Companies In Industry: Supermercados Monterey, Lead
Supermercados Monterey, originally written Monterrey, was a Peruvian supermarket chain created in 1954, in Lima.
Wikipedia: Foodland (Thailand)
WikipediaCompanies In Industry: Foodland (Thailand), LeadQuote, Companies In Industry: Foodland (Thailand), Lead
Foodland (Thai: ฟู้ดแลนด์) is a chain of supermarkets operating in Thailand.
JC's (Wikipedia)
Companies In Industry: JC's, LeadQuote, Companies In Industry: JC's, Lead
JC's is a formerly independent supermarket located in Swords, County Dublin, Ireland.
Wikipedia, Associated Wholesale Grocers
WikipediaCompanies In Industry: Associated Wholesale Grocers, Infobox: industryQuote, Companies In Industry: Associated Wholesale Grocers, Infobox: industry
Grocery wholesale and distribution
Wikipedia: Landmark (department store)
WikipediaCompanies In Industry: Landmark (department store), LeadQuote, Companies In Industry: Landmark (department store), Lead
Landmark (formerly known as The Landmark) is a Filipino department store and supermarket chain run by Citysuper Incorporated, the holding company of the Landmark Corporation, owned by Reynaliza Mariño.
Galaxias (supermarkets) (Wikipedia)
Companies In Industry: Galaxias, Lead sentenceQuote, Companies In Industry: Galaxias, Lead sentence
Galaxias (Greek: Γαλαξίας) is a supermarket chain in Greece, established in 1982.
Reader Challenges (0)
No disputes yet. Spotted an error or a better source? Open the first one.
Sign in to dispute this or suggest a correction.