Thursday, May 25, 2017

Walmart is recapturing grocery share at an ‘accelerating rate’

A shopper in a Walmart store.Wal-Mart Stores is gaining a bigger slice of the $800 billion market and momentum picked up in the recent first quarter, according to a new report.

"Wal-Mart is taking back share from the traditional supermarket at an accelerating rate," according to Loop Capital analyst Andrew Wolf, who estimates the retailer now has a 21.5 percent market share in the U.S. traditional grocery industry.. . . more

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