SPINS Introduces New Retail Measurement Service for Specialty Gourmet Supermarkets
SCHAUMBURG, IL August 3, 2010 – New doors are opening for Specialty Gourmet retailers! SPINS announced today that it launched the first retail measurement service in the marketplace to track the $11.0 billion Specialty Gourmet supermarket channel. This channel represents nearly 800 specialty supermarket stores that have traditionally been undistinguished within broader retail measurement services.
SPINS classifies Specialty Gourmet stores as full-format supermarkets with more than $2 million in annual sales, with SPINS-defined specialty items comprising at least 25% of their overall volume. These high-end, experiential retail stores bring high quality products to the variety seeking consumer, provide full-service gourmet departments, and have a strong focus on specialty, imported, natural and organic items.
Key retailers such as Lunds & Byerly’s, Mollie Stone’s, Bristol Farms, Town & Country Markets, and others, have collaborated with SPINS and its initiative to bring to market a common language and coding standards for specialty gourmet, quantifiable sizing of the marketplace, and a ‘voice’ for specialty gourmet retailers. Retailers in this channel welcome the tools, resources and partnership opportunities to bring best business practices to this channel through this new service.
“In satisfying the niche for consumers seeking premium, high quality products, the Specialty Gourmet market has displayed consistent growth and is poised for continued success. As the channel expands, it is essential that its key players receive the support and resources critical to their advancement,” says SPINS CEO Tony Olson. “SPINS recognizes the need for a service that specifically addresses the needs of Specialty Gourmet retailers and manufacturers, and is excited to introduce this new retail measurement service. Given our position as a leading information provider for the Natural Products Industry, Specialty Gourmet is a natural extension of our business and service model.”
SPINS (www.spins.com) is the first company to offer Natural and Specialty Products sales data to the industry. Established in 1995, SPINS is now the premier provider of industry reporting and consulting services for this rapidly expanding sector. SPINS’ comprehensive offering includes retail measurement services, content-based reporting, consumer information and consulting services.
Please direct any SPINS press-related inquiries to Jennifer Fuller at 847.908.1224 or jfuller@spins.com.
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