This edition of the Independent Grocers Financial Survey — reflecting fiscal year 2017 — aims to be a benchmarking tool and in identifying areas of opportunity, specifically with the profit leaders who had net profits before taxes of at least 2.20%. What did those retailers do differently? And how can one learn from these powerful retailers to successfully map out future growth?
The session also provides an in-depth review of external factors influencing grocery shopping, including the economy and the competitive environment to help shed light on some of the critical factors faced by independents in 2017 and going into 2018. Independents have managed to survive and thrive in spite of many challenges and rapid change in the marketplace.
We hope this presentation will provide you with key insights to leverage these benchmarks and guide future decisions to improve your company’s profitability, efficiency and overall performance.
About the Speaker
Tim Parks joined FMS in February 2019 with more than 36 years of experience in the grocery industry, both at retail and wholesale. He began his career as a teenager, working at a grocery store in Pennsylvania. He graduated from the California University of PA, he worked with Giant Eagle and B. Green in different management areas and store operations.
Parks spent most of his career with SUPERVALU working in merchandising and his latest position as a Sales Director. He has extensive work experiences with both a big and small Independent Retailers and Regional chains. Tim is based out of Richmond, Virginia and is a Key Account Executive for FMS, responsible for business development in Eastern U.S. and Canada.