How Triangle grocery stores rank in 2016 battle for
market share
Jun 17, 2016, 3:10pm EDT Updated Jun 17, 2016,
3:58pm EDT
Amanda HoyleStaff
WriterTriangle Business Journal
The latest market share survey data from Chain Store Guide shows
that Wal-Mart and Food Lion are still battling it out for
the No. 1 position for market share in the Triangle, but the new numbers also
show there’s some new competitors gaining on their lead.
Costco Wholesale, for example, bumped its market share in the
Raleigh-Cary metro area to 5.5 percent in 2016 from a 3 percent market share in
2015, primarily due to the opening of a second store in Wake
County in March.
While the shift may seem small and subtle, it translates into
shopping patterns that are shifting.
During the same time that Costco saw its sales grow, the 18
Wal-Mart Supercenters in the Raleigh-Cary market saw their market share drop to
20.5 percent in the 2016 survey from 21.9 percent the year prior. The three
Wal-Mart Neighborhood Markets also saw a market share drop to 1.3 percent in
2016 from 1.6 percent the year prior.
Food Lion and Lowes Foods have in the past year
completed major remodels of many of their Triangle stores in an
effort to stave off some of the shifts in shopping patterns. For Food Lion, the
strategy seems to be working as it stabilized its market share in Raleigh and
grew its market share in Durham. Lowes Foods stabilized its market share in
Durham, but still saw its market share drop in Raleigh.
The Triangle is also on the cusp of several big changes coming
to the grocery store landscape in the region. Publix has been adding new stores. Lidl plans to open several of
its first U.S. locations in the Triangle by 2018. Sprout’s Farmers Market wants
to open its first location in the region by 2018, as well, andWegmans, the popular New York-based
specialty grocer, has confirmed plans to also expand into the
Triangle region with a store planned in Cary.
No comments:
Post a Comment