“...the grocery industry itself remains fragmented. Consumers enjoy a vast array of choices, whether mega retailers Walmart Stores Inc. and Amazon Inc. regional players like H.E.B. and Schnucks, and even non-traditional players like dollar stores.
And what more, traditional supermarket chains have been rapidly losing ground to the rest of the pack, large and small competitors.
From 2017 to 2022, food retailers saw their share of total grocery market sales slip to 66.6% of sales from 69.7%, according to a new report by Coresight Research, while major mass merchandisers (Walmart, Target Corporation) increased their share to 19.0% of sales from 18.4%.
Major discount and dollar stores inched up from 3.1% to 3.4% of sales. Major warehouse clubs like Costco Wholesale Corporation saw the greatest jump in sales share, moving to 10.9% from 8.7%.”
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