Lena Miller
Class of 2028Farmington, CT
About
Hello, I am Lena, a freshman at an all-girls school, Miss Porters in Farmington, CT. I am a club/varsity swimmer, an active leader in my school, and I lived in Singapore from 3rd to 5th grade. I am interested in business and economics but have a basic understanding of them. I hope to use this program to expand my knowledge of these topics and create an impactful project that will benefit or teach my community somehow.Projects
- "TBD - Student Editing" with mentor Ethan (Sept. 7, 2025)
Project Portfolio
TBD - Student Editing
Started Jan. 15, 2025
Abstract or project description
With narrow profit margins ranging from 1-3% and increasing costs, remaining competitive in the grocery store industry is challenging, especially for smaller local grocery stores. This paper analyzes why small local grocery stores often face challenges competing with wholesale and large retail giants. It also provides a roadmap for their relevance in today’s dynamic market environment. These smaller establishments operate with thinner profit margins and higher per-unit costs, making it challenging to offer the same low prices as their larger competitors. Although it may seem inevitable that large retailers take over local grocery stores, various strategies can be used to prevent this from happening. It was found through a comparative analysis of local markets, large chain stores, and the business models of different grocers that when grocery stores advance customer experience and enhance local engagement, customers can be more integrated into their shopping experience. This paper aims to deliver valuable wisdom into how small grocery businesses can not only survive but also thrive in a highly competitive market.