Walmart remains No. 1 in local grocery rankings; Kroger a close second

 

By TAMMIE SMITH, Richmond Times-Dispatch

Jun 17, 2017

 

For the second year in a row, Walmart was at the top of the grocery game in the Richmond area, with more grocery market share and sales than its competitors.

 

But No. 2 Kroger is nipping at Walmart’s heels — closing the spread in grocery sales volume and market share compared with Walmart.

 

Both Kroger and Walmart gained market share during the 12 months that ended March 31, a period in which New York-based grocery powerhouse Wegmans opened two stores in the area and Martin’s Food Markets closed stores as the chain began to exit the market.

 

Walmart’s grocery sales of $595.4 million gave it the No. 1 spot with a market share of 16.06 percent, up from 15.83 percent last year, according to the annual grocery market analysis of food sales by the Maryland-based trade publication Food World. The report is published in Food World’s June issue.

 

Kroger’s market share rose to 15.71 percent this year from 14.17 percent last year. Both Walmart and Kroger had the same number of stores as last year — Walmart had 21 locations, and Kroger had 18 locations.

 

Kroger’s grocery sales totaled $582.2 million, up from $533.8 million last year.

 

“Walmart remains the marketplace leader. Their share is up marginally, with the same number of stores,” said Jeffrey Metzger, publisher of Food World, the industry publication that has tracked the supermarket and food business in the Mid-Atlantic for four decades.

 

“Kroger was the beneficiary of what’s happened in the marketplace. Their (market) share is up about a point and a half,” Metzger said.

 

Food Lion and the drugstore chain CVS were in third and fourth places respectively, while Martin’s dropped to fifth place, down from fourth place last year...

 

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http://www.richmond.com/business/local/walmart-remains-no-in-local-grocery-rankings-kroger-a-close/article_4648b39a-3c3c-5e28-bbf7-091ee43cca5c.html