1. Mass retailers like Walmart continue to pick up online grocery customers.
- Author
-
Inklebarger, Timothy
- Subjects
CONSUMERS ,GROCERY shopping ,RETAIL industry ,GROCERIES ,MASS customization ,INTERNET sales - Abstract
According to the Brick Meets Click/Mercatus Grocery Shopper Survey, the online grocery market saw a 1.8% increase in January, reaching $8.5 billion. However, this growth was tempered by a decline in order frequency and a flat average order value compared to the previous year. Mass retailers like Walmart saw an increase in market share, while supermarkets experienced a contraction. Ship-to-home delivery experienced the highest sales growth, while pickup remained the most popular fulfillment method. The report also noted that the reduction in SNAP payments and changing buying behaviors influenced the market. Regional grocers are facing increasing pressure to meet customer demands and compete online. [Extracted from the article]
- Published
- 2024