Whole Foods grabs market share from Kroger, Trader Joe’s, Walmart
October 3, 2017
The perception of lower prices at Whole Foods was enough for customers from a wide variety of chains to give the organic grocer a try. Trader Joe’s saw 10 percent of its regular customers visit Whole Foods between Aug. 28 and Sept. 16, according to Thasos Group. Eight percent of Sprouts customers did the same as did three percent of Target shoppers and two percent of Costco and Safeway customers. Kroger and Walmart shoppers were the biggest source of new customers at Whole Foods following Amazon’s acquisition of the chain.
Recent News
Merger Forces Kroger and Albertsons To Sell More Stores
Kroger and Albertsons are selling more of their stores to address concerns about their merger.
JD Sports Bids for Hibbett in $1.08 Billion Deal
JD Sports Fashion plans to buy Hibbett Inc. for around $1.08 billion. The move aims to help the UK’s largest sportswear retailer grow in the southeastern United States.
Disney Technology Executive Leaves Company for Personal Reasons
Aaron LaBerge will stay on at Disney until June 2024.
Amazon Ends Drone Delivery in California, Here’s Where It’s Going Next
This new location will allow for quicker, same-day delivery.