The nation's supermarket retailers are positioning themselves to capture a significant majority of online grocery sales over the next decade or so, according to Joe McKeska, president of Elkhorn Real Estate Partners.
“The prediction is for a significant portion of grocery sales to move online — from roughly 2% today to upwards of 20% by 2025,” said McKeska during “The Last Mile and Urbanization,” a panel discussion at the Milwaukee University’s Real Estate Strategies Conference on Sept. 18. “The ready assumption is that Amazon or other e-commerce players will take the lead, but this assessment may fail to weigh the significant progress U.S. chains have already made in developing their e-commerce capabilities, including bringing click-and-collect to their stores.”. . . more