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Pardon the Disruption: A wave of regional grocery M&A is coming
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As seen in Grocery Dive
The pandemic has lifted the fortunes of grocers across the nation as U.S. shoppers trained a large portion of their food spending on their local supermarkets.
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Ritter also told me the cost of expansion has gone up considerably as everything from real estate to raw materials has become more expensive. This has delayed construction projects and in some cases made building new stores prohibitively expensive.
Acquiring competitors is increasingly looking like the more cost-effective way to expand, he said.