A growth boom in the Latino grocery-store sector could be poised for a slowdown in the next decade.
The development surge is set to level off as population changes make those stores less critical to Latino shoppers, industry experts are predicting.
Colorado has been a focus of the industry’s ravenous appetite for expansion. Eleven large-format Latino-oriented groceries owned by Avanza, Azteca and Rancho Liborio have opened in the state since 2003. Dozens more are operating in California, Arizona, Nevada and other states with large Latino populations.
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Photo: Jose Cortes stocks the shelves inside a Rancho Liborio.
Credit: Judy DeHaas, The Denver Post