Walmart unable to build market share in some Neighborhood Store markets
SEAFOODNEWS.COM [Supermarket News] By Jon Springer - July 17, 2014 -
Although Wal-Mart Stores has picked up the pace of its Neighborhood Market openings, the chain is losing aggregate share in roughly one-third of its markets in which it operates those stores, according to an analysis by BMO Capital.
In a report released Tuesday, BMO analyst Kelly Bania said Walmart has lost market share in four of the top 10 markets in which the chain operates Neighborhood Market stores between 2010 and 2013, including slight market share declines in its two largest markets by store count, Dallas-Fort Worth and Phoenix, respectively. Walmart’s share is also down in Las Vegas and Houston, Bania added.
The data suggest that “Neighborhood Markets may be less of a threat than expected” to conventional grocers like Kroger and that the concept in some cases may be cannibalizing sales from larger Supercenters in the same marke
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