Grocery stocks outperformed the overall market in 2022
Although stock prices of publicly-traded food retailers had mixed results last year, most fared better than the overall market. Grocery stocks were stronger in the first half of the year compared to the second, as inflation and economic worries pushed stocks downward. In 2022 the Dow Jones Industrial Average fell 8.9%, the S&P 500 lost […]
Discount grocers outpacing traditional supermarkets
Sales growth at discount grocers like Aldi, Lidl and Grocery Outlet outpaced overall grocery sales growth in 2022, according to a report from Coresight Research. The report concluded that “discount channel growth will continue to outpace total grocery growth in 2023 and beyond.” Much of the sales growth by discounters has been fueled by their […]
Instacart measures how social media trends turn into sales
Instacart released survey data last week showing that 83% of Americans view food and recipe content on social media platforms such as TikTok, Instagram and YouTube, including 61% who view such content at least once per week. However, the data also revealed that “TikTok virality does not necessarily translate into widespread adoption.” Butter Boards were […]
Wawa planning to expand west and south
Following a report in April by the Philadelphia Business Journal that Wawa is plotting the “most aggressive growth” in its history, the company announced earlier this month that it is scouting locations for gas and convenience stores in Ohio, Kentucky, and Indiana. Wawa also has plans to expand into Tennessee, Alabama, North Carolina, and Georgia […]
Giant and ShopRite dominate market share in Greater Philly
Food World recently concluded that sales from Giant and ShopRite totaled more than 56% of the overall grocery market in the eight-county Philadelphia area during the 12-month period that ended March 31, 2022. According to the report, Giant had a 30% share of the market compared to a 26.6% share for ShopRite. The eight counties […]
Grocery store sales help lift October retail sales
According to the U.S. Census Bureau, advance estimates indicate that nationwide retail sales picked up slightly in October, with grocery stores among the leading drivers. The Bureau’s report said October retail and foodservice sales totaled $694.52 billion, up slightly from September but up 8.3% from October 2021. Grocery store sales for October were estimated to […]
BJ’s sales gains to spur continued expansion
BJ’s Wholesale reported double-digit sales gains for its third quarter, with total revenues – including membership fees – up 12.2% as compared to the third quarter last year. The company also noted that inflation abated on some commodities, including chicken, milk and cheese, and that they experienced heavy spending from lower-income customers. BJ’s also said […]
Redner’s Fresh Market opening tomorrow in Lewes, DE
Delaware’s first Redner’s Fresh Market is slated to open tomorrow (11/17) in Lewes, not far from Rehoboth Beach. The 49,000 square foot store will have the usual supermarket departments – bakery, deli, meat and seafood, produce, and prepared meals. In addition, Redner’s will have a fuel kiosk in the shopping center parking lot. The location […]
Lidl-anchored center to replace industrial plant in South Philly
Recent reports state that the century-old industrial plant that sits across the street from John’s Roast Pork at the corner of East Snyder Ave. and Weccacoe Ave. in South Philly will be replaced with a shopping center anchored by Lidl and including Advance Auto Parts, Chase Bank, Raising Cane’s and Shake Shack. The area is […]
Survey says that Walmart tops Amazon as grocery destination
A report called “2022 Amazon vs. Walmart” by Jungle Scout, a company that provides an e-commerce platform for selling on Amazon, concludes that consumers prefer Walmart over Amazon when shopping for groceries, even though Amazon holds the overall lead in retail e-commerce. Jungle Scout surveyed more than 1,000 U.S. adults, 57% of whom said they […]