Major Group SIC 5411 - Grocery Stores

SIC 5411 - Grocery Stores

SIC 54 - Food Stores
SIC 01 - Agricultural Production Crops SIC 02 - Agricultural Production Livestock And Animal Specialties SIC 07 - Agricultural Services SIC 08 - Forestry SIC 09 - Fishing, Hunting, And Trapping SIC 10 - Metal Mining SIC 12 - Coal Mining SIC 13 - Oil And Gas Extraction SIC 14 - Mining And Quarrying Of Nonmetallic Minerals, Except Fuels SIC 15 - Building Construction General Contractors And Operative Builders SIC 16 - Heavy Construction Other Than Building Construction Contractors SIC 17 - Construction Special Trade Contractors SIC 20 - Food And Kindred Products SIC 21 - Tobacco Products SIC 22 - Textile Mill Products SIC 23 - Apparel And Other Finished Products Made From Fabrics And Similar Materials SIC 24 - Lumber And Wood Products, Except Furniture SIC 25 - Furniture And Fixtures SIC 26 - Paper And Allied Products SIC 27 - Printing, Publishing, And Allied Industries SIC 28 - Chemicals And Allied Products SIC 29 - Petroleum Refining And Related Industries SIC 30 - Rubber And Miscellaneous Plastics Products SIC 31 - Leather And Leather Products SIC 32 - Stone, Clay, Glass, And Concrete Products SIC 33 - Primary Metal Industries SIC 34 - Fabricated Metal Products, Except Machinery And Transportation Equipment SIC 35 - Industrial And Commercial Machinery And Computer Equipment SIC 36 - Electronic And Other Electrical Equipment And Components, Except Computer Equipment SIC 37 - Transportation Equipment SIC 38 - Measuring, Analyzing, And Controlling Instruments Photographic, Medical And Optical Good SIC 39 - Miscellaneous Manufacturing Industries SIC 40 - Railroad Transportation SIC 41 - Local And Suburban Transit And Interurban Highway Passenger Transportation SIC 42 - Motor Freight Transportation And Warehousing SIC 44 - Water Transportation SIC 45 - Transportation By Air SIC 46 - Pipelines, Except Natural Gas SIC 47 - Transportation Services SIC 48 - Communications SIC 49 - Electric, Gas, And Sanitary Services SIC 50 - Wholesale Trade-durable Goods SIC 51 - Wholesale Trade-non-durable Goods SIC 52 - Building Materials, Hardware, Garden Supply, And Mobile Home Dealers SIC 53 - General Merchandise Stores SIC 54 - Food Stores SIC 55 - Automotive Dealers And Gasoline Service Stations SIC 56 - Apparel And Accessory Stores SIC 57 - Home Furniture, Furnishings, And Equipment Stores SIC 58 - Eating And Drinking Places SIC 59 - Miscellaneous Retail SIC 60 - Depository Institutions SIC 61 - Non-depository Credit Institutions SIC 62 - Security And Commodity Brokers, Dealers, Exchanges, And Services SIC 63 - Insurance Carriers SIC 64 - Insurance Agents, Brokers, And Service SIC 65 - Real Estate SIC 67 - Holding And Other Investment Offices SIC 70 - Hotels, Rooming Houses, Camps, And Other Lodging Places SIC 72 - Personal Services SIC 73 - Business Services SIC 75 - Automotive Repair, Services, And Parking SIC 76 - Miscellaneous Repair Services SIC 78 - Motion Pictures SIC 79 - Amusement And Recreation Services SIC 80 - Health Services SIC 81 - Legal Services SIC 82 - Educational Services SIC 83 - Social Services SIC 84 - Museums, Art Galleries, And Botanical And Zoological Gardens SIC 86 - Membership Organizations or Unions And Similar Labor Organizations SIC 87 - Engineering, Accounting, Research, Management, And Related Services SIC 89 - Services, Not Elsewhere Classified SIC 96 - Administration Of Economic Programs
- SIC 541 - Grocery Stores
  SIC 541 - Grocery Stores SIC 542 - Meat And Fish (seafood) Markets, Including Freezer Provisioners SIC 543 - Fruit And Vegetable Markets SIC 544 - Candy, Nut, And Confectionery Stores SIC 545 - Dairy Products Stores SIC 546 - Retail Bakeries SIC 549 - Miscellaneous Food Stores
  - SIC 5411 - Grocery Stores
    SIC 5411 - Grocery Stores

Stores, commonly known as supermarkets, food stores, and grocery stores, primarily engaged in the retail sale of all sorts of canned foods and dry goods, such as tea, coffee, spices, sugar, and flour; fresh fruits and vegetables; and fresh and prepared meats, fish, and poultry.

Industry trends:

In recent years, SIC 5411, Grocery Stores, has experienced several evolving qualitative trends and forecasts. A prominent trend is the rise in e-commerce, with more grocery stores enhancing their online platforms to facilitate convenience for consumers. Shoppers are increasingly attracted to the convenience of online shopping, curbside pickups, and home delivery services, which are forecasted to grow as logistical technologies improve. Another trend is the consumer demand for healthier and more sustainable products. Grocery stores are responding by expanding their aisles with organic produce, plant-based alternatives, and locally sourced goods to meet the rising health and environmental consciousness of their customers.

Technological integration is another ongoing trend, with stores implementing cashier-less checkout systems and using data analytics for inventory and personalized marketing. This trend is expected to continue growing, driven by advancements in artificial intelligence and IoT (Internet of Things). Moreover, grocery stores are increasingly incorporating omnichannel retailing strategies, combining physical and digital shopping experiences to provide a seamless experience for consumers.

In the near future, sustainability will remain a significant focus. There is a forecasted push for greener supply chains and sustainable packaging, in line with global efforts to reduce carbon footprints. As consumer demand for transparency grows, grocery stores will likely invest more in blockchain technologies to provide detailed food provenance data. Lastly, the urbanization trend suggests a shift toward smaller format stores, which cater to urban dwellers with limited living space and time, emphasizing convenience and curated assortments.

This industry is comprised of:

Convenience food stores-retail

Food markets-retail

Frozen food and freezer plans, except meat-retail

Grocery stores, with or without fresh meat-retail

Supermarkets, grocery-retail

Explore related industries:

SIC 5141 - Groceries, General Line SIC 5399 - Miscellaneous General Merchandise Stores SIC 5812 - Eating Places

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